10,776 Shares in Kinder Morgan, Inc. (NYSE:KMI) Purchased by Krane Funds Advisors LLC

Krane Funds Advisors LLC bought a new position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 10,776 shares of the pipeline company's stock, valued at approximately $307,000.

A number of other large investors also recently modified their holdings of the stock. Hurley Capital LLC acquired a new position in Kinder Morgan during the 4th quarter worth $25,000. Fourth Dimension Wealth LLC bought a new stake in shares of Kinder Morgan during the fourth quarter worth $26,000. Morse Asset Management Inc bought a new position in Kinder Morgan in the fourth quarter valued at about $27,000. Heck Capital Advisors LLC acquired a new stake in Kinder Morgan in the fourth quarter worth about $29,000. Finally, JNBA Financial Advisors raised its holdings in Kinder Morgan by 669.2% during the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock worth $29,000 after purchasing an additional 870 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KMI has been the topic of several recent research reports. JPMorgan Chase & Co. raised their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Barclays reaffirmed an "overweight" rating and issued a $32.00 price objective (up from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Wells Fargo & Company reissued an "overweight" rating on shares of Kinder Morgan in a research note on Monday, May 5th. Stifel Nicolaus lifted their price objective on Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a research note on Tuesday, June 3rd. Finally, Scotiabank upped their price objective on Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a report on Thursday, June 5th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Kinder Morgan has a consensus rating of "Moderate Buy" and an average price target of $30.29.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total transaction of $508,680.00. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 12.73% of the company's stock.

Kinder Morgan Stock Up 0.6%

NYSE KMI traded up $0.16 during trading hours on Wednesday, reaching $28.49. 15,596,498 shares of the company's stock were exchanged, compared to its average volume of 13,985,280. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.45. The company has a market capitalization of $63.31 billion, a price-to-earnings ratio of 24.56, a price-to-earnings-growth ratio of 3.23 and a beta of 0.75. The company's 50-day moving average is $27.71 and its two-hundred day moving average is $27.50. Kinder Morgan, Inc. has a one year low of $19.47 and a one year high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. The business had revenue of $4.24 billion for the quarter, compared to analysts' expectations of $4.02 billion. Kinder Morgan had a net margin of 16.67% and a return on equity of 8.11%. On average, analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were given a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date of this dividend was Wednesday, April 30th. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's dividend payout ratio (DPR) is currently 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.