Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its stake in Kinder Morgan, Inc. by 2.0%, owning approximately 15 million shares valued at $428 million as of the latest quarter.
• Multiple institutional investors have also boosted their holdings in Kinder Morgan, with Vanguard Group Inc. now owning over 204 million shares and Goldman Sachs Group Inc. increasing its stake by 37.5%.
• Kinder Morgan's quarterly dividend of $0.2925 per share represents a 4.4% yield, with the company maintaining a high dividend payout ratio of 95.90%.

Deutsche Bank AG increased its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 2.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,002,375 shares of the pipeline company's stock after purchasing an additional 290,653 shares during the period. Deutsche Bank AG owned 0.68% of Kinder Morgan worth $428,018,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Kinder Morgan by 0.6% during the first quarter. Vanguard Group Inc. now owns 204,148,872 shares of the pipeline company's stock worth $5,824,367,000 after purchasing an additional 1,302,794 shares during the last quarter. Northern Trust Corp raised 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 worth $573,834,000 after purchasing an additional 1,608,499 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Kinder Morgan by 37.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company's stock worth $578,628,000 after buying an additional 5,529,065 shares during the last quarter. Kayne Anderson Capital Advisors LP boosted its holdings in shares of Kinder Morgan by 5.4% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 10,786,581 shares of the pipeline company's stock valued at $307,741,000 after buying an additional 553,395 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Kinder Morgan by 22.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,195,545 shares of the pipeline company's stock valued at $224,556,000 after buying an additional 1,512,083 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Insider Activity

In other Kinder Morgan news, VP Sital K. Mody sold 45,549 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $27.96, for a total transaction of $1,273,550.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Amy W. Chronis bought 2,759 shares of the business's stock in a transaction dated Monday, July 28th. The shares were acquired at an average cost of $27.21 per share, with a total value of $75,072.39. Following the completion of the purchase, the director owned 34,764 shares in the company, valued at approximately $945,928.44. This represents a 8.62% increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 109,715 shares of company stock valued at $3,081,245 over the last ninety days. 12.73% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus boosted their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "hold" rating in a research report on Tuesday, June 3rd. Wells Fargo & Company boosted their target price on Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Wolfe Research raised Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 target price for the company in a research report on Friday, July 25th. Morgan Stanley set a $34.00 price target on Kinder Morgan in a research report on Monday, July 7th. Finally, Royal Bank Of Canada boosted their price objective 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 nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $31.13.

Kinder Morgan Trading Up 0.1%

NYSE:KMI opened at $26.78 on Friday. Kinder Morgan, Inc. has a 12-month low of $20.56 and a 12-month high of $31.48. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. The stock's 50 day simple moving average is $27.92 and its 200-day simple moving average is $27.49. The firm has a market cap of $59.50 billion, a P/E ratio of 21.95, a PEG ratio of 3.37 and a beta of 0.78.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. The company had revenue of $4.04 billion for the quarter, compared to analysts' expectations of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. Kinder Morgan's revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.26 EPS. Equities analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be issued a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Thursday, July 31st. Kinder Morgan's dividend payout ratio is currently 95.90%.

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.

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