Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by Jennison Associates LLC

Jennison Associates LLC boosted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 847.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,475,187 shares of the pipeline company’s stock after purchasing an additional 1,319,474 shares during the period. Jennison Associates LLC’s holdings in Kinder Morgan were worth $40,420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Czech National Bank lifted its stake in shares of Kinder Morgan by 6.9% in the 3rd quarter. Czech National Bank now owns 393,351 shares of the pipeline company’s stock valued at $8,689,000 after purchasing an additional 25,406 shares during the period. GAMMA Investing LLC increased its holdings in Kinder Morgan by 34.1% in the third quarter. GAMMA Investing LLC now owns 27,260 shares of the pipeline company’s stock valued at $602,000 after buying an additional 6,932 shares in the last quarter. Diversified Trust Co purchased a new stake in shares of Kinder Morgan during the 3rd quarter worth about $467,000. Ignite Planners LLC acquired a new stake in shares of Kinder Morgan during the 3rd quarter valued at about $213,000. Finally, Atomi Financial Group Inc. increased its stake in shares of Kinder Morgan by 8.5% in the 3rd quarter. Atomi Financial Group Inc. now owns 64,838 shares of the pipeline company’s stock valued at $1,432,000 after purchasing an additional 5,080 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Trading Down 0.2 %

NYSE KMI opened at $27.53 on Wednesday. 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 capitalization of $61.16 billion, a P/E ratio of 23.53, a PEG ratio of 3.12 and a beta of 0.94. The firm’s 50-day moving average is $27.96 and its two-hundred day moving average is $24.80. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $31.48.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data 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 return on equity of 8.09% and a net margin of 17.31%. On average, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.28 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be paid a $0.2875 dividend. The ex-dividend date is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.18%. Kinder Morgan’s payout ratio is presently 98.29%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KMI. Mizuho boosted their price objective on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group upped their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Scotiabank initiated coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price on the stock. Wells Fargo & Company raised their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, Citigroup boosted their price objective on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Nine investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and a consensus target price of $29.14.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total transaction of $502,380.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 12.81% of the company’s stock.

About Kinder Morgan

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.