Aurdan Capital Management LLC Invests $569,000 in Kinder Morgan, Inc. (NYSE:KMI)

Aurdan Capital Management LLC purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 20,752 shares of the pipeline company's stock, valued at approximately $569,000.

A number of other institutional investors have also modified their holdings of KMI. Norges Bank acquired a new stake in Kinder Morgan in the 4th quarter worth approximately $917,523,000. Raymond James Financial Inc. acquired a new position in shares of Kinder Morgan in the 4th quarter valued at $157,804,000. Blackstone Inc. raised its position in Kinder Morgan by 435.0% during the fourth quarter. Blackstone Inc. now owns 4,358,263 shares of the pipeline company's stock worth $119,416,000 after acquiring an additional 3,543,670 shares during the period. Artisan Partners Limited Partnership acquired a new position in Kinder Morgan during the fourth quarter worth $87,729,000. Finally, Amundi raised its position in Kinder Morgan by 28.9% during the fourth quarter. Amundi now owns 11,819,777 shares of the pipeline company's stock worth $334,381,000 after acquiring an additional 2,650,040 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Stock Down 0.9%

KMI stock traded down $0.24 during midday trading on Wednesday, reaching $27.95. 10,607,623 shares of the company were exchanged, compared to its average volume of 13,981,364. 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 1-year low of $18.83 and a 1-year high of $31.48. The stock's 50-day simple moving average is $27.22 and its 200 day simple moving average is $27.42. The company has a market cap of $62.11 billion, a price-to-earnings ratio of 23.89, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74.

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

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were given a dividend of $0.2925 per share. The ex-dividend date was Wednesday, April 30th. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.19%. Kinder Morgan's dividend payout ratio (DPR) is 100.86%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on KMI shares. Scotiabank upped their target price on shares of 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 upped their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a report on Tuesday, April 29th. JPMorgan Chase & Co. upped their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Barclays raised shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 target price for the company in a research note on Monday, March 3rd. Finally, Citigroup increased their price target on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $29.79.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total transaction of $478,980.00. Following the transaction, the president now directly owns 825,652 shares in the company, valued at approximately $21,970,599.72. This trade represents a 2.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have sold 54,000 shares of company stock worth $1,492,740. Insiders own 12.73% of the company's stock.

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.