Mirae Asset Global Investments Co. Ltd. Has $6.90 Million Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Mirae Asset Global Investments Co. Ltd. lifted its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 47.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 243,283 shares of the pipeline company's stock after buying an additional 78,551 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Kinder Morgan were worth $6,902,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KMI. Vanguard Group Inc. boosted its holdings in shares of Kinder Morgan by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 202,846,078 shares of the pipeline company's stock worth $5,557,983,000 after purchasing an additional 1,469,759 shares during the last quarter. Geode Capital Management LLC increased its position in Kinder Morgan by 2.5% during 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 fourth quarter worth approximately $917,523,000. Northern Trust Corp boosted its holdings in shares of Kinder Morgan by 8.3% in 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 holdings in shares of Kinder Morgan by 16.8% during the 4th quarter. Deutsche Bank AG now owns 14,711,722 shares of the pipeline company's stock worth $403,101,000 after buying an additional 2,116,576 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan 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 transaction, the president directly owned 771,652 shares in the company, valued at approximately $21,806,885.52. The trade was a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 12.73% of the company's stock.

Analyst Ratings Changes

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

Kinder Morgan Price Performance

Shares of Kinder Morgan stock traded down $0.14 during trading on Friday, hitting $28.37. 5,100,555 shares of the company's stock traded hands, compared to its average volume of 13,966,297. Kinder Morgan, Inc. has a twelve month low of $19.68 and a twelve 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 firm's fifty day moving average price is $27.77 and its 200 day moving average price is $27.52. The company has a market cap of $63.03 billion, a PE ratio of 24.45, a PEG ratio of 3.13 and a beta of 0.75.

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

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were paid a $0.2925 dividend. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, April 30th. This represents a $1.17 annualized dividend and a yield of 4.12%. Kinder Morgan's dividend payout ratio is presently 100.86%.

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.