Bank of New York Mellon Corp Cuts Position in Kinder Morgan, Inc. (NYSE:KMI)

Bank of New York Mellon Corp lowered its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 0.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,649,104 shares of the pipeline company's stock after selling 85,649 shares during the period. Bank of New York Mellon Corp owned 0.61% of Kinder Morgan worth $389,409,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Xponance Inc. increased its stake 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 acquiring an additional 15,114 shares during the period. Royal London Asset Management Ltd. increased its stake in shares of Kinder Morgan by 2.0% in the 4th quarter. Royal London Asset Management Ltd. now owns 2,265,044 shares of the pipeline company's stock valued at $62,062,000 after purchasing an additional 44,474 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Kinder Morgan in the 4th quarter valued at $21,774,000. Bridgewealth Advisory Group LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter valued at $377,000. Finally, Unigestion Holding SA boosted its holdings in shares of Kinder Morgan by 22.3% during the 4th quarter. Unigestion Holding SA now owns 93,364 shares of the pipeline company's stock valued at $2,558,000 after acquiring an additional 16,993 shares in the last quarter. Institutional investors own 62.52% of the company's stock.

Insider Buying and Selling

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the business's 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 completion of 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 12.73% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on KMI. JPMorgan Chase & Co. raised their price objective on Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Barclays reaffirmed an "overweight" rating and set a $32.00 target price (up from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. TD Cowen assumed coverage on Kinder Morgan in a report on Monday. They set a "buy" rating and a $34.00 target price on the stock. Scotiabank lifted their target price on Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a report on Thursday, June 5th. Finally, Stifel Nicolaus lifted their target price on Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a report on Tuesday, June 3rd. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, Kinder Morgan has an average rating of "Moderate Buy" and an average target price of $30.40.

Kinder Morgan Stock Down 0.2%

Kinder Morgan stock traded down $0.05 during midday trading on Monday, reaching $28.36. The stock had a trading volume of 9,336,001 shares, compared to its average volume of 13,955,974. Kinder Morgan, Inc. has a 12 month low of $19.68 and a 12 month high of $31.48. The company has a market capitalization of $63.02 billion, a P/E ratio of 24.45, a PEG ratio of 3.12 and a beta of 0.75. The company has a fifty day moving average price of $27.80 and a two-hundred day moving average price of $27.56. 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 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 analyst estimates of $4.02 billion. Kinder Morgan had a return on equity of 8.11% and a net margin of 16.67%. As a group, equities analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were issued a dividend of $0.2925 per share. 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 yield of 4.13%. The ex-dividend date was Wednesday, April 30th. Kinder Morgan's payout ratio is currently 100.86%.

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.