Vident Advisory LLC Has $9.95 Million Stake in Kinder Morgan, Inc. (NYSE:KMI)

Vident Advisory LLC lifted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 317.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 363,256 shares of the pipeline company's stock after buying an additional 276,212 shares during the quarter. Vident Advisory LLC's holdings in Kinder Morgan were worth $9,953,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of KMI. Ritholtz Wealth Management grew its position in shares of Kinder Morgan by 35.3% during the 4th quarter. Ritholtz Wealth Management now owns 30,718 shares of the pipeline company's stock worth $842,000 after buying an additional 8,013 shares during the period. Merit Financial Group LLC grew its position in shares of Kinder Morgan by 469.2% during the 4th quarter. Merit Financial Group LLC now owns 64,984 shares of the pipeline company's stock worth $1,781,000 after buying an additional 53,568 shares during the period. Sanibel Captiva Trust Company Inc. acquired a new stake in shares of Kinder Morgan during the 4th quarter worth approximately $222,000. Trust Co. of Vermont grew its holdings in Kinder Morgan by 523.4% during the fourth quarter. Trust Co. of Vermont now owns 1,627 shares of the pipeline company's stock valued at $45,000 after purchasing an additional 1,366 shares during the period. Finally, HB Wealth Management LLC grew its holdings in Kinder Morgan by 33.7% during the fourth quarter. HB Wealth Management LLC now owns 70,026 shares of the pipeline company's stock valued at $1,918,000 after purchasing an additional 17,650 shares during the period. Institutional investors and hedge funds own 62.52% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a report on Tuesday, April 29th. Morgan Stanley boosted their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Mizuho boosted their price objective on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. UBS Group boosted their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Seven research 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 company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $29.79.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $28.75, for a total value of $517,500.00. Following the sale, the president now owns 807,652 shares of the company's stock, valued at $23,219,995. The trade was a 2.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 54,000 shares of company stock valued at $1,492,740 over the last 90 days. 12.73% of the stock is owned by corporate insiders.

Kinder Morgan Stock Performance

Shares of KMI opened at $28.00 on Tuesday. The firm's 50 day moving average price is $27.18 and its two-hundred day moving average price is $27.34. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The firm has a market cap of $62.22 billion, a P/E ratio of 23.93, a PEG ratio of 3.08 and a beta of 0.74. Kinder Morgan, Inc. has a twelve month low of $18.83 and a twelve month high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, hitting analysts' consensus estimates of $0.34. The business had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.02 billion. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. On average, analysts forecast 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. Stockholders of record on Wednesday, April 30th were given a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date was Wednesday, April 30th. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's payout ratio is currently 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.

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