Roman Butler Fullerton & Co. Raises Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Roman Butler Fullerton & Co. boosted its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,673 shares of the pipeline company’s stock after purchasing an additional 972 shares during the period. Roman Butler Fullerton & Co.’s holdings in Kinder Morgan were worth $925,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KMI. Barclays PLC boosted its holdings in Kinder Morgan by 39.9% in the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock valued at $180,833,000 after purchasing an additional 2,334,273 shares during the last quarter. National Bank of Canada FI raised its stake in Kinder Morgan by 295.5% during the third quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company’s stock valued at $64,879,000 after buying an additional 2,194,489 shares in the last quarter. International Assets Investment Management LLC raised its stake in Kinder Morgan by 1,849.7% during the third quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company’s stock valued at $47,817,000 after buying an additional 2,053,612 shares in the last quarter. Jennison Associates LLC raised its stake in Kinder Morgan by 847.4% during the fourth quarter. Jennison Associates LLC now owns 1,475,187 shares of the pipeline company’s stock valued at $40,420,000 after buying an additional 1,319,474 shares in the last quarter. Finally, Retirement Systems of Alabama raised its stake in Kinder Morgan by 295.2% during the third quarter. Retirement Systems of Alabama now owns 1,683,356 shares of the pipeline company’s stock valued at $37,185,000 after buying an additional 1,257,428 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on KMI. Barclays upped their price objective on Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Morgan Stanley upped their price objective on Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Royal Bank of Canada upped their price objective on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. Citigroup upped their price objective on Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company increased their price target on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Nine investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $29.14.

Kinder Morgan Stock Up 0.2 %

KMI opened at $26.61 on Friday. Kinder Morgan, Inc. has a 12 month low of $16.51 and a 12 month high of $31.48. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.35. The stock has a market cap of $59.11 billion, a P/E ratio of 22.74, a P/E/G ratio of 3.16 and a beta of 0.94. The stock’s 50 day moving average price is $27.82 and its 200 day moving average price is $25.06.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. As a group, research analysts predict that Kinder Morgan, Inc. will post 1.23 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date is Monday, February 3rd. Kinder Morgan’s payout ratio is currently 98.29%.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the sale, the president now directly owns 861,652 shares of the company’s stock, valued at $24,048,707.32. This trade represents a 2.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 54,000 shares of company stock valued at $1,493,100 in the last three months. 12.64% of the stock is currently owned by corporate insiders.

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.