Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. boosted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 2.0% during the 4th quarter, HoldingsChannel reports. The fund owned 2,265,044 shares of the pipeline company’s stock after buying an additional 44,474 shares during the period. Royal London Asset Management Ltd.’s holdings in Kinder Morgan were worth $62,062,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in KMI. Bank of New York Mellon Corp raised its stake in shares of Kinder Morgan by 8.6% in the 4th quarter. Bank of New York Mellon Corp now owns 13,734,753 shares of the pipeline company’s stock valued at $376,332,000 after purchasing an additional 1,093,242 shares in the last quarter. Amundi increased its holdings in Kinder Morgan by 28.9% in the fourth quarter. Amundi now owns 11,819,777 shares of the pipeline company’s stock valued at $334,381,000 after buying an additional 2,650,040 shares during the last quarter. Barclays PLC raised its stake in Kinder Morgan by 39.9% during the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock valued at $180,833,000 after buying an additional 2,334,273 shares in the last quarter. Bank of Montreal Can lifted its holdings in Kinder Morgan by 2.2% during the 3rd quarter. Bank of Montreal Can now owns 7,485,834 shares of the pipeline company’s stock worth $163,116,000 after buying an additional 164,152 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Kinder Morgan in the 4th quarter worth approximately $157,804,000. 62.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KMI has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their price objective on Kinder Morgan from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 5th. Royal Bank of Canada raised their price target on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Monday, March 3rd. 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 research report on Monday, January 27th. Morgan Stanley lifted their target price on Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. 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. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $29.64.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total value of $2,011,035.65. Following the completion of the sale, the vice president now directly owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred 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 transaction, the president now directly owns 861,652 shares in the company, valued at $24,048,707.32. This represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 129,461 shares of company stock valued at $3,490,996. 12.64% of the stock is owned by corporate insiders.

Kinder Morgan Price Performance

Shares of KMI opened at $28.08 on Friday. Kinder Morgan, Inc. has a one year low of $17.61 and a one year high of $31.48. The stock’s fifty day moving average is $27.58 and its 200-day moving average is $26.05. 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 capitalization of $62.38 billion, a price-to-earnings ratio of 24.00, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. Equities analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a $0.2875 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.10%. Kinder Morgan’s dividend payout ratio (DPR) is 98.29%.

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.