Cerity Partners LLC Has $22.18 Million Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Cerity Partners LLC grew its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 1.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 777,309 shares of the pipeline company's stock after purchasing an additional 12,797 shares during the quarter. Cerity Partners LLC's holdings in Kinder Morgan were worth $22,177,000 at the end of the most recent reporting period.

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

Kinder Morgan Stock Performance

Shares of KMI stock opened at $27.85 on Friday. Kinder Morgan, Inc. has a 12 month low of $19.68 and a 12 month high of $31.48. The company's fifty day simple moving average is $27.93 and its 200-day simple moving average is $27.58. The firm has a market cap of $61.88 billion, a PE ratio of 24.01, a P/E/G ratio of 3.00 and a beta of 0.75. The company has a quick ratio of 0.35, a current ratio of 0.45 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. The firm had revenue of $4.24 billion for the quarter, compared to analysts' expectations of $4.02 billion. Kinder Morgan had a net margin of 16.67% and a return on equity of 8.11%. Equities research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors 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 boost from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a yield of 4.20%. Kinder Morgan's dividend payout ratio is 100.86%.

Insider Buying and Selling at Kinder Morgan

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on KMI shares. TD Cowen started coverage on shares of Kinder Morgan in a report on Monday, July 7th. They issued a "buy" rating and a $34.00 price target for the company. Wells Fargo & Company reissued an "overweight" rating on shares of Kinder Morgan in a research note on Monday, May 5th. JPMorgan Chase & Co. increased their price target on Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Morgan Stanley set a $34.00 price objective on Kinder Morgan in a report on Monday, July 7th. Finally, Barclays reissued an "overweight" rating and set a $32.00 target price (up from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Kinder Morgan currently has a consensus rating of "Moderate Buy" and an average target price of $30.40.

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.

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