Czech National Bank Purchases 24,919 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Czech National Bank grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 5.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 443,994 shares of the pipeline company's stock after acquiring an additional 24,919 shares during the period. Czech National Bank's holdings in Kinder Morgan were worth $12,667,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Centricity Wealth Management LLC purchased a new stake in shares of Kinder Morgan during the fourth quarter worth $25,000. Hurley Capital LLC bought a new position in shares of Kinder Morgan in the fourth quarter worth $25,000. Fourth Dimension Wealth LLC bought a new position in shares of Kinder Morgan in the fourth quarter worth $26,000. Morse Asset Management Inc bought a new position in shares of Kinder Morgan in the fourth quarter worth $27,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Kinder Morgan in the fourth quarter worth $29,000. Hedge funds and other institutional investors own 62.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on KMI shares. JPMorgan Chase & Co. increased their target price on Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Stifel Nicolaus increased their target price on Kinder Morgan from $27.00 to $28.00 and gave the company a "hold" rating in a research note on Tuesday. Scotiabank increased their target price on Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a research note on Thursday. Wells Fargo & Company reissued an "overweight" rating on shares of Kinder Morgan in a research note on Monday, May 5th. Finally, Royal Bank of Canada increased their target price on 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 research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $30.21.

Kinder Morgan Trading Up 0.6%

Shares of Kinder Morgan stock traded up $0.18 during trading on Thursday, reaching $28.21. 10,588,941 shares of the stock were exchanged, compared to its average volume of 13,973,778. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The stock's fifty day moving average is $27.18 and its 200 day moving average is $27.46. The firm has a market cap of $62.67 billion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74. Kinder Morgan, Inc. has a 1 year low of $19.47 and a 1 year high of $31.48.

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 the consensus estimate of $0.34. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. The business had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.02 billion. As a group, equities research analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently announced 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 an increase from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.15%. Kinder Morgan's dividend payout ratio (DPR) is currently 100.86%.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $27.57, for a total transaction of $496,260.00. Following the completion of the transaction, the president now owns 789,652 shares of the company's stock, valued at approximately $21,770,705.64. This trade represents a 2.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders sold 54,000 shares of company stock valued at $1,522,440. Corporate insiders own 12.73% of the company's stock.

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.