Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by Tidal Investments LLC

Tidal Investments LLC boosted its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 911.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 498,713 shares of the pipeline company's stock after buying an additional 449,430 shares during the period. Tidal Investments LLC's holdings in Kinder Morgan were worth $13,665,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in KMI. CX Institutional raised its holdings in Kinder Morgan by 2.3% in the 4th quarter. CX Institutional now owns 15,661 shares of the pipeline company's stock worth $429,000 after acquiring an additional 354 shares during the period. Diligent Investors LLC lifted its holdings in Kinder Morgan by 1.5% during the fourth quarter. Diligent Investors LLC now owns 26,083 shares of the pipeline company's stock worth $715,000 after acquiring an additional 381 shares in the last quarter. Bristlecone Advisors LLC grew its position in Kinder Morgan by 2.6% in the fourth quarter. Bristlecone Advisors LLC now owns 15,794 shares of the pipeline company's stock valued at $433,000 after purchasing an additional 400 shares in the last quarter. LRI Investments LLC increased its stake in shares of Kinder Morgan by 9.6% during the 4th quarter. LRI Investments LLC now owns 4,946 shares of the pipeline company's stock worth $136,000 after purchasing an additional 435 shares during the last quarter. Finally, Apollon Wealth Management LLC boosted its position in shares of Kinder Morgan by 0.5% in the fourth quarter. Apollon Wealth Management LLC now owns 86,430 shares of the pipeline company's stock valued at $2,368,000 after acquiring an additional 438 shares during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $28.75, for a total value of $517,500.00. Following the completion of the sale, the president now directly owns 807,652 shares in the company, valued at $23,219,995. This represents a 2.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 54,000 shares of company stock valued at $1,492,740 in the last three months. 12.73% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KMI. Royal Bank of Canada lifted their price objective on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research note on Tuesday, April 29th. Barclays upgraded Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price target on the stock in a research report on Monday, March 3rd. Wells Fargo & Company reiterated an "overweight" rating on shares of Kinder Morgan in a research report on Monday, May 5th. Mizuho increased their price objective on Kinder Morgan from $31.00 to $33.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Finally, Scotiabank increased their price objective on Kinder Morgan from $25.00 to $26.00 and gave the stock a "sector perform" rating in a report on Monday, April 21st. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $29.79.

Kinder Morgan Stock Down 0.5%

KMI stock traded down $0.13 during mid-day trading on Thursday, reaching $27.34. 10,491,835 shares of the company traded hands, compared to its average volume of 13,947,921. The stock has a market cap of $60.76 billion, a price-to-earnings ratio of 23.37, a P/E/G ratio of 3.08 and a beta of 0.74. Kinder Morgan, Inc. has a fifty-two week low of $18.83 and a fifty-two week high of $31.48. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The firm's 50 day moving average price is $27.22 and its 200 day moving average price is $27.35.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, meeting analysts' consensus estimates of $0.34. The business had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.02 billion. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. As a group, equities research analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were paid a $0.2925 dividend. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, April 30th. This represents a $1.17 dividend on an annualized basis and a yield of 4.28%. Kinder Morgan's payout ratio is 100.86%.

Kinder Morgan Profile

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.