Parallel Advisors LLC Increases Stake in Kinder Morgan, Inc. (NYSE:KMI)

Parallel Advisors LLC grew its position in Kinder Morgan, Inc. (NYSE:KMI) by 13.7% during the 4th quarter, HoldingsChannel reports. The fund owned 24,999 shares of the pipeline company’s stock after purchasing an additional 3,004 shares during the period. Parallel Advisors LLC’s holdings in Kinder Morgan were worth $685,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its stake in 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 worth $376,332,000 after buying an additional 1,093,242 shares during the period. Amundi increased its stake in Kinder Morgan by 28.9% in the 4th quarter. Amundi now owns 11,819,777 shares of the pipeline company’s stock worth $334,381,000 after buying an additional 2,650,040 shares during the period. Barclays PLC increased its stake in Kinder Morgan by 39.9% in the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock worth $180,833,000 after buying an additional 2,334,273 shares during the period. Bank of Montreal Can increased its stake in Kinder Morgan by 2.2% in 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 period. Finally, Raymond James Financial Inc. purchased a new position in Kinder Morgan in the 4th quarter worth about $157,804,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the completion of the transaction, the vice president now directly owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. This trade represents a 25.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $26.61, for a total transaction of $478,980.00. Following the transaction, the president now directly owns 825,652 shares of the company’s stock, valued at $21,970,599.72. This represents a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock worth $3,490,996 in the last three months. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Up 0.8 %

KMI stock opened at $28.08 on Friday. The firm has a 50 day moving average of $27.58 and a 200 day moving average of $26.05. The stock has a market capitalization of $62.38 billion, a PE ratio of 24.00, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 52 week low of $17.61 and a 52 week high of $31.48.

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

Kinder Morgan Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. UBS Group raised their price target on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Royal Bank of Canada increased their target price on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a report on Monday, March 3rd. Mizuho increased their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Scotiabank began coverage on shares of Kinder Morgan in a report on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price on the stock. Finally, Citigroup increased their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $29.64.

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.