Wealthfront Advisers LLC Buys 16,724 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Wealthfront Advisers LLC raised its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 4.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 432,927 shares of the pipeline company's stock after purchasing an additional 16,724 shares during the quarter. Wealthfront Advisers LLC's holdings in Kinder Morgan were worth $12,351,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new position in Kinder Morgan in the 4th quarter valued at $917,523,000. Assenagon Asset Management S.A. lifted its position in Kinder Morgan by 212.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 5,468,235 shares of the pipeline company's stock worth $156,009,000 after buying an additional 3,718,521 shares during the last quarter. Blackstone Inc. grew its position in Kinder Morgan by 435.0% during the fourth quarter. Blackstone Inc. now owns 4,358,263 shares of the pipeline company's stock valued at $119,416,000 after acquiring an additional 3,543,670 shares during the last quarter. Artisan Partners Limited Partnership purchased a new position in Kinder Morgan in the 4th quarter worth $87,729,000. Finally, Pictet Asset Management Holding SA boosted its position in Kinder Morgan by 223.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 3,465,980 shares of the pipeline company's stock valued at $94,968,000 after buying an additional 2,395,930 shares during the period. Institutional investors own 62.52% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on KMI shares. Royal Bank Of Canada boosted their price objective on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 29th. Scotiabank upped their price target on Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a research report on Thursday, June 5th. Cowen assumed coverage on Kinder Morgan in a report on Monday, July 7th. They set a "buy" rating for the company. Barclays reaffirmed an "overweight" rating and issued a $32.00 target price (up from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Finally, Wells Fargo & Company raised their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a report on Thursday. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.47.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total transaction of $508,680.00. Following the completion of the sale, the president directly owned 771,652 shares of the company's stock, valued at $21,806,885.52. This trade represents a 2.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 12.73% of the stock is currently owned by insiders.

Kinder Morgan Stock Performance

Shares of NYSE KMI traded down $0.45 during midday trading on Thursday, hitting $27.47. 17,251,391 shares of the company's stock traded hands, compared to its average volume of 13,977,597. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.45. The stock has a market capitalization of $61.03 billion, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 3.01 and a beta of 0.75. The firm has a fifty day moving average of $27.98 and a 200 day moving average of $27.60. Kinder Morgan, Inc. has a 1 year low of $19.68 and a 1 year high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.28. The firm had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.75 billion. Kinder Morgan had a net margin of 16.67% and a return on equity of 8.11%. The company's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.26 EPS. On average, analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Company 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.