Goldman Sachs Group Inc. Has $578.63 Million Stake in Kinder Morgan, Inc. (NYSE:KMI)

Key Points

• Goldman Sachs Group Inc. increased its stake in Kinder Morgan by 37.5% in the first quarter, owning over 20 million shares valued at approximately $578.6 million.
• Analysts have mixed ratings for Kinder Morgan, with an average target price of $31.13, and several firms, including Scotiabank and TD Cowen, recently raised their price targets.
• Kinder Morgan announced a quarterly dividend of $0.2925 per share, reflecting an annualized yield of 4.4%, with a payout ratio of 95.90%.

Goldman Sachs Group Inc. lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 37.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,281,385 shares of the pipeline company's stock after buying an additional 5,529,065 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.91% of Kinder Morgan worth $578,628,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. 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 in the last quarter. Fourth Dimension Wealth LLC acquired a new position in Kinder Morgan in the fourth quarter valued at approximately $26,000. Morse Asset Management Inc acquired a new position in Kinder Morgan in the fourth quarter valued at approximately $27,000. Heck Capital Advisors LLC acquired a new position in Kinder Morgan in the fourth quarter valued at approximately $29,000. Finally, JNBA Financial Advisors boosted its holdings in Kinder Morgan by 669.2% in the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock valued at $29,000 after purchasing an additional 870 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Kinder Morgan

In other news, Director Amy W. Chronis acquired 2,759 shares of Kinder Morgan stock in a transaction on Monday, July 28th. The stock was bought at an average price of $27.21 per share, for a total transaction of $75,072.39. Following the transaction, the director owned 34,764 shares of the company's stock, valued at $945,928.44. The trade was a 8.62% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Sital K. Mody sold 45,549 shares of the firm'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 value of $1,273,550.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 109,715 shares of company stock worth $3,081,245. Insiders own 12.73% of the company's stock.

Kinder Morgan Stock Up 0.5%

NYSE:KMI traded up $0.13 during trading hours on Friday, hitting $26.89. 15,114,704 shares of the company's stock traded hands, compared to its average volume of 18,056,652. The firm has a market cap of $59.75 billion, a P/E ratio of 22.04, a P/E/G ratio of 3.39 and a beta of 0.78. Kinder Morgan, Inc. has a twelve month low of $20.56 and a twelve month high of $31.48. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. The stock's fifty day moving average price is $27.89 and its two-hundred day moving average price is $27.43.

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

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be issued a $0.2925 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a yield of 4.4%. Kinder Morgan's dividend payout ratio (DPR) is 95.90%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Wolfe Research upgraded Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price objective for the company in a research note on Friday, July 25th. TD Cowen initiated coverage on Kinder Morgan in a report on Monday, July 7th. They set a "buy" rating and a $34.00 price objective on the stock. Barclays reissued an "overweight" rating and issued a $32.00 target price (up previously from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. JPMorgan Chase & Co. upped their target price on Kinder Morgan from $30.00 to $32.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Finally, Royal Bank Of Canada increased 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 analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $31.13.

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.