Envestnet Asset Management Inc. Grows Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Envestnet Asset Management Inc. raised its stake in Kinder Morgan, Inc. (NYSE:KMI) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,510,846 shares of the pipeline company’s stock after buying an additional 74,973 shares during the period. Envestnet Asset Management Inc. owned approximately 0.20% of Kinder Morgan worth $123,597,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. KCM Investment Advisors LLC raised its holdings in Kinder Morgan by 10.7% during the fourth quarter. KCM Investment Advisors LLC now owns 17,241 shares of the pipeline company’s stock worth $472,000 after purchasing an additional 1,673 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new position in shares of Kinder Morgan during the 4th quarter worth $15,661,000. Smith Moore & CO. purchased a new stake in shares of Kinder Morgan in the 4th quarter worth about $215,000. Arete Wealth Advisors LLC grew its stake in Kinder Morgan by 11.4% in the 4th quarter. Arete Wealth Advisors LLC now owns 74,181 shares of the pipeline company’s stock valued at $2,035,000 after acquiring an additional 7,616 shares during the last quarter. Finally, Motley Fool Asset Management LLC increased its holdings in Kinder Morgan by 13.2% during the 4th quarter. Motley Fool Asset Management LLC now owns 101,160 shares of the pipeline company’s stock valued at $2,772,000 after acquiring an additional 11,834 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $26.61, for a total transaction of $478,980.00. Following the sale, the president now directly owns 825,652 shares in the company, valued at approximately $21,970,599.72. This trade represents a 2.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the transaction, the vice president now directly owns 220,681 shares in the company, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock valued at $3,506,116 over the last 90 days. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Up 0.1 %

Shares of NYSE KMI opened at $25.31 on Tuesday. The stock has a market capitalization of $56.25 billion, a PE ratio of 21.64, a P/E/G ratio of 3.08 and a beta of 0.72. 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 has a fifty day moving average of $27.15 and a 200-day moving average of $26.67. Kinder Morgan, Inc. has a 52-week low of $17.61 and a 52-week high of $31.48.

Kinder Morgan (NYSE:KMI) last posted 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%. On average, analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.54%. Kinder Morgan’s dividend payout ratio is currently 98.29%.

Analyst Upgrades and Downgrades

KMI has been the topic of several research reports. Barclays upgraded shares of 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. Mizuho raised their price target on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Morgan Stanley upped their price objective on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Wells Fargo & Company lifted their price objective on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Citigroup upped their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $29.64.

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.