Lansforsakringar Fondforvaltning AB publ Makes New $17.92 Million Investment in Kinder Morgan, Inc. (NYSE:KMI)

Lansforsakringar Fondforvaltning AB publ purchased a new position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 653,941 shares of the pipeline company's stock, valued at approximately $17,918,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hurley Capital LLC acquired a new stake in Kinder Morgan in the fourth quarter valued at approximately $25,000. Centricity Wealth Management LLC acquired a new stake in Kinder Morgan in the fourth quarter valued at approximately $25,000. Fourth Dimension Wealth LLC acquired a new stake in Kinder Morgan in the fourth quarter valued at approximately $26,000. Morse Asset Management Inc acquired a new stake in Kinder Morgan in the fourth quarter valued at approximately $27,000. Finally, Heck Capital Advisors LLC acquired a new stake in Kinder Morgan in the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 62.52% of the company's stock.

Kinder Morgan Stock Performance

Shares of NYSE KMI traded up $0.11 during trading on Friday, reaching $28.03. The stock had a trading volume of 15,718,257 shares, compared to its average volume of 13,998,323. Kinder Morgan, Inc. has a one year low of $19.29 and a one year high of $31.48. 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 stock has a market cap of $62.28 billion, a PE ratio of 23.96, a P/E/G ratio of 3.08 and a beta of 0.74. The firm's 50 day moving average price is $27.19 and its two-hundred day moving average price is $27.44.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, hitting analysts' consensus estimates of $0.34. The firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.02 billion. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. On average, research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were paid a dividend of $0.2925 per share. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date was Wednesday, April 30th. Kinder Morgan's dividend payout ratio is presently 100.86%.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $28.75, for a total transaction of $517,500.00. Following the completion of the transaction, the president now directly owns 807,652 shares in the company, valued at $23,219,995. This represents a 2.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 54,000 shares of company stock worth $1,492,740 in the last three months. 12.73% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Kinder Morgan in a research report on Monday, May 5th. Scotiabank lifted their price objective on Kinder Morgan from $25.00 to $26.00 and gave the stock a "sector perform" rating in a report on Monday, April 21st. Royal Bank of Canada lifted their price objective on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 29th. Barclays upgraded Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price objective on the stock in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $29.79.

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.