Lansforsakringar Fondforvaltning AB publ Purchases New Stake in Kinder Morgan, Inc. (NYSE:KMI)

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

A number of other institutional investors and hedge funds have also made changes to their positions in KMI. Xponance Inc. increased its position in Kinder Morgan by 5.2% during the 4th quarter. Xponance Inc. now owns 303,044 shares of the pipeline company's stock worth $8,303,000 after purchasing an additional 15,114 shares during the period. Golden State Equity Partners boosted its stake in shares of Kinder Morgan by 2,507.9% in the fourth quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company's stock valued at $450,000 after buying an additional 15,800 shares in the last quarter. Royal London Asset Management Ltd. raised its position in Kinder Morgan by 2.0% in the fourth quarter. Royal London Asset Management Ltd. now owns 2,265,044 shares of the pipeline company's stock worth $62,062,000 after acquiring an additional 44,474 shares in the last quarter. Clear Creek Financial Management LLC boosted its position in shares of Kinder Morgan by 86.3% during the 4th quarter. Clear Creek Financial Management LLC now owns 23,716 shares of the pipeline company's stock worth $650,000 after purchasing an additional 10,987 shares in the last quarter. Finally, Chung Wu Investment Group LLC purchased a new stake in shares of Kinder Morgan during the 4th quarter worth $385,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Price Performance

KMI stock traded up $0.11 during trading on Friday, hitting $28.03. The stock had a trading volume of 15,718,257 shares, compared to its average volume of 14,021,334. The stock has a market cap of $62.28 billion, a price-to-earnings ratio of 23.96, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74. 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 company's 50 day moving average price is $27.20 and its two-hundred day moving average price is $27.42. Kinder Morgan, Inc. has a 1-year low of $18.99 and a 1-year high of $31.48.

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

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were issued a dividend of $0.2925 per share. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.17 annualized dividend and a dividend yield of 4.17%. Kinder Morgan's dividend payout ratio (DPR) is 100.86%.

Analyst Ratings Changes

Several brokerages recently commented on KMI. JPMorgan Chase & Co. raised their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Wells Fargo & Company reiterated an "overweight" rating on shares of Kinder Morgan in a research report on Monday, May 5th. Scotiabank upped their price target 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 raised their price objective on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research note on Tuesday, April 29th. Finally, Barclays upgraded Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 target price on the stock in a research report on Monday, March 3rd. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Kinder Morgan has a consensus rating of "Moderate Buy" and an average price target of $29.79.

Insider Activity

In related news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $28.75, for a total value of $517,500.00. Following the completion of the sale, the president now directly owns 807,652 shares in the company, valued at approximately $23,219,995. The trade was a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 54,000 shares of company stock valued at $1,492,740 over the last quarter. Company insiders own 12.73% 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.