D.A. Davidson & CO. Buys 21,192 Shares of Kinder Morgan, Inc. (NYSE:KMI)

D.A. Davidson & CO. grew its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 3.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 639,466 shares of the pipeline company's stock after purchasing an additional 21,192 shares during the period. D.A. Davidson & CO.'s holdings in Kinder Morgan were worth $18,244,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Kinder Morgan by 0.7% in 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 period. Geode Capital Management LLC grew its stake in shares of Kinder Morgan by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 51,759,844 shares of the pipeline company's stock worth $1,414,813,000 after purchasing an additional 1,252,609 shares during the last quarter. Norges Bank purchased a new position in Kinder Morgan during the 4th quarter valued at about $917,523,000. Northern Trust Corp raised its position in Kinder Morgan by 8.3% during the 4th 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 last quarter. Finally, Deutsche Bank AG increased its position in shares of Kinder Morgan by 16.8% during the fourth quarter. Deutsche Bank AG now owns 14,711,722 shares of the pipeline company's stock valued at $403,101,000 after buying an additional 2,116,576 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

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 dated Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total transaction of $508,680.00. Following the sale, the president directly owned 771,652 shares of the company's stock, valued at $21,806,885.52. This trade represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 12.73% of the company's stock.

Analyst Upgrades and Downgrades

KMI has been the topic of a number of research reports. Barclays restated an "overweight" rating and set a $32.00 target price (up previously from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Scotiabank upped their price objective on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a report on Thursday, June 5th. Royal Bank Of Canada boosted their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 29th. Wells Fargo & Company reissued an "overweight" rating on shares of Kinder Morgan in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $30.29.

Kinder Morgan Stock Performance

Kinder Morgan stock traded down $0.14 during mid-day trading on Thursday, reaching $28.37. 5,100,555 shares of the stock traded hands, compared to its average volume of 13,966,297. The business's 50-day moving average is $27.74 and its 200-day moving average is $27.51. Kinder Morgan, Inc. has a 12-month low of $19.68 and a 12-month high of $31.48. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.45 and a quick ratio of 0.35. The stock has a market capitalization of $63.03 billion, a PE ratio of 24.45, a price-to-earnings-growth ratio of 3.13 and a beta of 0.75.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.34. The firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.02 billion. Kinder Morgan had a net margin of 16.67% and a return on equity of 8.11%. As a group, sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 4.12%. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. 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.