Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by CHURCHILL MANAGEMENT Corp

CHURCHILL MANAGEMENT Corp grew its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 2.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 495,952 shares of the pipeline company's stock after purchasing an additional 9,916 shares during the period. CHURCHILL MANAGEMENT Corp's holdings in Kinder Morgan were worth $14,150,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of KMI. Norges Bank acquired a new stake in Kinder Morgan during the fourth quarter worth about $917,523,000. Raymond James Financial Inc. acquired a new position in Kinder Morgan in the fourth quarter valued at approximately $157,804,000. Assenagon Asset Management S.A. grew its holdings in shares of Kinder Morgan by 212.5% during the first quarter. Assenagon Asset Management S.A. now owns 5,468,235 shares of the pipeline company's stock valued at $156,009,000 after purchasing an additional 3,718,521 shares during the last quarter. Blackstone Inc. raised its position in shares of Kinder Morgan by 435.0% during the 4th quarter. Blackstone Inc. now owns 4,358,263 shares of the pipeline company's stock worth $119,416,000 after purchasing an additional 3,543,670 shares during the period. Finally, Artisan Partners Limited Partnership bought a new stake in shares of Kinder Morgan in the 4th quarter worth approximately $87,729,000. 62.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on KMI shares. Barclays restated an "overweight" rating and set a $32.00 price objective (up previously from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Wells Fargo & Company reiterated an "overweight" rating on shares of Kinder Morgan in a research note on Monday, May 5th. Scotiabank upped their price target on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research report on Thursday, June 5th. Stifel Nicolaus increased their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a report on Tuesday, June 3rd. Finally, Royal Bank Of Canada boosted their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research note on Tuesday, April 29th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Kinder Morgan presently has an average rating of "Moderate Buy" and an average price target of $30.29.

Insider Activity

In other news, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction 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 in the company, valued at $21,806,885.52. This represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 12.73% of the company's stock.

Kinder Morgan Price Performance

KMI traded down $0.22 on Wednesday, reaching $28.11. The company had a trading volume of 3,647,403 shares, compared to its average volume of 13,939,287. The company has a market capitalization of $62.46 billion, a P/E ratio of 24.14, a PEG ratio of 3.23 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. The company has a fifty day moving average of $27.71 and a 200-day moving average of $27.50. Kinder Morgan, Inc. has a one year low of $19.47 and a one year high of $31.48.

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, meeting the consensus estimate of $0.34. Kinder Morgan had a net margin of 16.67% and a return on equity of 8.11%. The business had revenue of $4.24 billion during the quarter, compared to analysts' expectations of $4.02 billion. As a group, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were paid 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 4.16%. The ex-dividend date was Wednesday, April 30th. Kinder Morgan's dividend payout ratio (DPR) is presently 100.86%.

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.