Bradley Foster & Sargent Inc. CT Has $10.58 Million Stake in Kinder Morgan, Inc. (NYSE:KMI)

Bradley Foster & Sargent Inc. CT grew its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 9.3% during the 4th quarter, HoldingsChannel reports. The firm owned 386,211 shares of the pipeline company’s stock after acquiring an additional 32,925 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Kinder Morgan were worth $10,582,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Barclays PLC increased its position 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. National Bank of Canada FI raised its stake in Kinder Morgan by 295.5% during the 3rd quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company’s stock valued at $64,879,000 after purchasing an additional 2,194,489 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Kinder Morgan by 1,849.7% in the 3rd quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company’s stock valued at $47,817,000 after purchasing an additional 2,053,612 shares during the period. Jennison Associates LLC grew its position in Kinder Morgan by 847.4% in the 4th quarter. Jennison Associates LLC now owns 1,475,187 shares of the pipeline company’s stock worth $40,420,000 after purchasing an additional 1,319,474 shares during the last quarter. Finally, Retirement Systems of Alabama increased its holdings in shares of Kinder Morgan by 295.2% during the 3rd quarter. Retirement Systems of Alabama now owns 1,683,356 shares of the pipeline company’s stock worth $37,185,000 after purchasing an additional 1,257,428 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

KMI has been the subject of several research reports. Morgan Stanley increased their target price on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Barclays lifted their price objective on Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. The Goldman Sachs Group upped their target price on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Mizuho lifted their price target on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company increased their price objective 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. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average price target of $29.14.

Insider Activity

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction 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. The trade was a 25.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total transaction of $492,120.00. Following the completion of the transaction, the president now directly owns 879,652 shares in the company, valued at $24,049,685.68. This trade represents a 2.01 % 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 $3,504,136. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Price Performance

Shares of KMI stock opened at $26.61 on Friday. The stock’s fifty day moving average is $27.78 and its 200-day moving average is $25.26. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. Kinder Morgan, Inc. has a 52 week low of $17.02 and a 52 week high of $31.48. The stock has a market capitalization of $59.13 billion, a PE ratio of 22.74, a PEG ratio of 3.11 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share 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%. Equities research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently disclosed 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 was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.32%. Kinder Morgan’s payout ratio 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.