Allspring Global Investments Holdings LLC Purchases 90,943 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Allspring Global Investments Holdings LLC boosted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 31.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 383,236 shares of the pipeline company's stock after buying an additional 90,943 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Kinder Morgan were worth $10,972,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of Kinder Morgan by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 202,846,078 shares of the pipeline company's stock valued at $5,557,983,000 after purchasing an additional 1,469,759 shares during the period. Geode Capital Management LLC lifted its stake in shares of Kinder Morgan by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 51,759,844 shares of the pipeline company's stock valued at $1,414,813,000 after purchasing an additional 1,252,609 shares during the period. Norges Bank acquired a new position in Kinder Morgan during the 4th quarter worth approximately $917,523,000. Northern Trust Corp raised its stake in Kinder Morgan by 8.3% during the 4th quarter. Northern Trust Corp now owns 20,942,841 shares of the pipeline company's stock worth $573,834,000 after buying an additional 1,608,499 shares during the period. Finally, Deutsche Bank AG raised its stake in Kinder Morgan by 16.8% during the 4th quarter. Deutsche Bank AG now owns 14,711,722 shares of the pipeline company's stock worth $403,101,000 after buying an additional 2,116,576 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Trading Down 0.2%

Shares of NYSE:KMI traded down $0.05 on Monday, reaching $28.36. 9,336,001 shares of the company traded hands, compared to its average volume of 13,955,977. The business's 50-day simple moving average is $27.83 and its 200 day simple moving average is $27.57. Kinder Morgan, Inc. has a 52 week low of $19.68 and a 52 week high of $31.48. The stock has a market capitalization of $63.02 billion, a P/E ratio of 24.45, a price-to-earnings-growth ratio of 3.12 and a beta of 0.75. The company has a current ratio of 0.45, a quick ratio of 0.35 and a debt-to-equity ratio of 0.94.

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 analysts' consensus estimates of $0.34. Kinder Morgan had a return on equity of 8.11% and a net margin of 16.67%. The firm had revenue of $4.24 billion for the quarter, compared to analysts' expectations of $4.02 billion. As a group, equities analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were paid a $0.2925 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a dividend yield of 4.13%. Kinder Morgan's dividend payout ratio (DPR) is presently 100.86%.

Wall Street Analysts Forecast Growth

KMI has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price objective on Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Barclays reaffirmed an "overweight" rating and issued a $32.00 price target (up from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Scotiabank raised their price target on Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a report on Thursday, June 5th. Stifel Nicolaus raised their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a report on Tuesday, June 3rd. Finally, Cowen initiated coverage on Kinder Morgan in a research report on Monday. They issued a "buy" rating on the stock. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Kinder Morgan presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.40.

Insider Activity

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total transaction of $508,680.00. Following the sale, the president directly owned 771,652 shares of the company's stock, valued at approximately $21,806,885.52. The trade was a 2.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 12.73% of the stock is owned by insiders.

Kinder Morgan 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.