Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale increased its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 12.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 642,495 shares of the pipeline company's stock after purchasing an additional 72,534 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Kinder Morgan were worth $17,882,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Hurley Capital LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter valued at about $25,000. Sierra Ocean LLC boosted its holdings in Kinder Morgan by 927.1% in the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock valued at $25,000 after purchasing an additional 788 shares during the last quarter. Fourth Dimension Wealth LLC acquired a new stake in Kinder Morgan during the 4th quarter valued at approximately $26,000. Morse Asset Management Inc purchased a new stake in Kinder Morgan during the 4th quarter worth approximately $27,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Kinder Morgan in the 4th quarter valued at approximately $29,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Cowen initiated coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating for the company. Royal Bank Of Canada boosted their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 29th. TD Cowen assumed coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating and a $34.00 target price on the stock. JPMorgan Chase & Co. lifted their price target on Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Finally, Morgan Stanley set a $34.00 price objective on Kinder Morgan in a report on Monday, July 7th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $30.40.

Insiders Place Their Bets

In other news, President Thomas A. Martin sold 18,000 shares of the 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 12.73% of the stock is owned by insiders.

Kinder Morgan Stock Performance

KMI stock traded up $0.06 during mid-day trading on Friday, reaching $27.85. The company had a trading volume of 11,279,457 shares, compared to its average volume of 13,960,972. Kinder Morgan, Inc. has a one year low of $19.68 and a one year high of $31.48. The stock has a market capitalization of $61.88 billion, a P/E ratio of 24.01, a P/E/G ratio of 2.99 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. The stock's 50-day simple moving average is $27.93 and its two-hundred day simple moving average is $27.58.

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 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 firm had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.02 billion. Research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current 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. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.17 annualized dividend and a yield of 4.20%. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's payout ratio is presently 100.86%.

About Kinder Morgan

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.