Kinder Morgan, Inc. $KMI Shares Purchased by ING Groep NV

ING Groep NV boosted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 22.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 174,684 shares of the pipeline company’s stock after acquiring an additional 32,106 shares during the quarter. ING Groep NV’s holdings in Kinder Morgan were worth $4,945,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of KMI. Vanguard Group Inc. increased its position in shares of Kinder Morgan by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 207,219,481 shares of the pipeline company’s stock worth $6,092,253,000 after purchasing an additional 3,070,609 shares during the last quarter. Geode Capital Management LLC boosted its stake in Kinder Morgan by 1.2% during the second quarter. Geode Capital Management LLC now owns 51,848,863 shares of the pipeline company’s stock worth $1,518,195,000 after buying an additional 599,152 shares during the period. Norges Bank acquired a new stake in shares of Kinder Morgan during the second quarter valued at about $1,162,802,000. Orbis Allan Gray Ltd raised its stake in shares of Kinder Morgan by 3.1% in the 2nd quarter. Orbis Allan Gray Ltd now owns 22,635,179 shares of the pipeline company’s stock valued at $665,474,000 after acquiring an additional 670,856 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Kinder Morgan by 2.8% in the 2nd quarter. Invesco Ltd. now owns 21,949,329 shares of the pipeline company’s stock valued at $645,310,000 after acquiring an additional 603,197 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Buying and Selling

In other news, Director William A. Smith acquired 3,000 shares of Kinder Morgan stock in a transaction dated Monday, February 2nd. The shares were acquired at an average cost of $29.75 per share, for a total transaction of $89,250.00. Following the acquisition, the director owned 31,087 shares of the company’s stock, valued at $924,838.25. This trade represents a 10.68% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO David Patrick Michels sold 20,000 shares of the business’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $30.00, for a total transaction of $600,000.00. Following the transaction, the chief financial officer owned 139,428 shares of the company’s stock, valued at approximately $4,182,840. The trade was a 12.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 38,498 shares of company stock worth $1,126,515 over the last 90 days. 12.73% of the stock is owned by insiders.

Analysts Set New Price Targets

KMI has been the subject of several research reports. Stifel Nicolaus lifted their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a report on Tuesday, November 11th. Royal Bank Of Canada raised their price target on Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 13th. Mizuho cut their price objective on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a report on Friday, November 14th. Jefferies Financial Group increased their target price on Kinder Morgan from $29.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 22nd. Finally, Freedom Capital raised Kinder Morgan from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 28th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $32.38.

Kinder Morgan Stock Up 0.8%

Shares of NYSE KMI opened at $31.72 on Friday. The stock has a market cap of $70.56 billion, a P/E ratio of 23.15, a PEG ratio of 2.59 and a beta of 0.70. The business’s fifty day simple moving average is $28.22 and its 200-day simple moving average is $27.50. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-month high of $31.99. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. The company had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.33 billion. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.Kinder Morgan’s revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.30 EPS. As a group, equities analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 2nd will be issued a $0.2925 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $1.17 annualized dividend and a yield of 3.7%. Kinder Morgan’s dividend payout ratio (DPR) is 85.40%.

Kinder Morgan Company Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.