Bell Bank Increases Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Bell Bank boosted its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 5.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 254,375 shares of the pipeline company's stock after purchasing an additional 13,482 shares during the quarter. Bell Bank's holdings in Kinder Morgan were worth $7,257,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Hurley Capital LLC purchased a new stake in Kinder Morgan in the 4th quarter valued at about $25,000. Centricity Wealth Management LLC purchased a new stake in Kinder Morgan during the fourth quarter worth about $25,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Kinder Morgan during the 4th quarter worth approximately $26,000. Morse Asset Management Inc purchased a new stake in shares of Kinder Morgan during the 4th quarter worth approximately $27,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Kinder Morgan during the 4th quarter worth approximately $29,000. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Price Performance

KMI stock traded up $0.10 during midday trading on Wednesday, reaching $27.57. The company had a trading volume of 10,601,214 shares, compared to its average volume of 14,057,862. The company has a market capitalization of $61.25 billion, a P/E ratio of 23.76, a P/E/G ratio of 3.02 and a beta of 0.74. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.45 and a quick ratio of 0.35. Kinder Morgan, Inc. has a 1 year low of $19.47 and a 1 year high of $31.48. The firm has a 50-day moving average price of $27.35 and a 200-day moving average price of $27.43.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting 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 during the quarter, compared to analysts' expectations of $4.02 billion. On average, research analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were issued a dividend of $0.2925 per share. The ex-dividend date 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 yield of 4.24%. Kinder Morgan's dividend payout ratio is currently 100.86%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Stifel Nicolaus lifted their price objective on Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a report on Tuesday, June 3rd. Scotiabank lifted their target price on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 5th. JPMorgan Chase & Co. lifted 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 note on Monday, May 5th. Finally, Barclays upgraded Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price target for the company in a research report on Monday, March 3rd. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $30.21.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $28.75, for a total transaction of $517,500.00. Following the completion of the sale, the president now owns 807,652 shares of the company's stock, valued at $23,219,995. This represents a 2.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold 54,000 shares of company stock worth $1,522,440 in the last ninety days. 12.73% of the stock is owned by company 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.