MUFG Securities EMEA plc Invests $10.01 Million in Kinder Morgan, Inc. (NYSE:KMI)

Key Points

• MUFG Securities EMEA plc has made a new investment of approximately $10.01 million in Kinder Morgan, Inc., acquiring 350,999 shares of the company in the first quarter.
• Insider trading shows Director Amy W. Chronis purchased 2,759 shares, increasing her position by 8.62%, while President Thomas A. Martin sold 18,000 shares, decreasing his ownership by 2.28%.
• Kinder Morgan recently announced a quarterly dividend of $0.2925 per share, with an annualized yield of 4.4% and a dividend payout ratio of 95.90%.

MUFG Securities EMEA plc purchased a new position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 350,999 shares of the pipeline company's stock, valued at approximately $10,014,000.

A number of other large investors have also recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its stake 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 valued at $578,628,000 after buying an additional 5,529,065 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Kinder Morgan by 212.5% during the first quarter. Assenagon Asset Management S.A. now owns 5,468,235 shares of the pipeline company's stock valued at $156,009,000 after acquiring an additional 3,718,521 shares during the last quarter. Blackstone Inc. grew its stake in Kinder Morgan by 435.0% during the 4th quarter. Blackstone Inc. now owns 4,358,263 shares of the pipeline company's stock valued at $119,416,000 after acquiring an additional 3,543,670 shares in the last quarter. Zimmer Partners LP purchased a new stake in Kinder Morgan during the 4th quarter valued at about $62,499,000. Finally, Westwood Holdings Group Inc. grew its stake in Kinder Morgan by 66.8% during the 4th quarter. Westwood Holdings Group Inc. now owns 5,647,705 shares of the pipeline company's stock valued at $154,747,000 after acquiring an additional 2,261,924 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, CFO David Patrick Michels sold 40,000 shares of the firm's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the completion of the transaction, the chief financial officer directly owned 159,428 shares of the company's stock, valued at $4,494,275.32. This trade represents a 20.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Sital K. Mody sold 45,549 shares of Kinder Morgan stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $27.96, for a total transaction 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. Corporate insiders own 12.73% of the company's stock.

Kinder Morgan Stock Performance

Shares of NYSE:KMI traded up $0.01 during midday trading on Monday, reaching $26.90. The company's stock had a trading volume of 12,205,044 shares, compared to its average volume of 18,248,644. The stock has a fifty day moving average of $27.89 and a 200 day moving average of $27.41. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. Kinder Morgan, Inc. has a twelve month low of $20.56 and a twelve month high of $31.48. The firm has a market capitalization of $59.78 billion, a PE ratio of 22.05, a P/E/G ratio of 3.39 and a beta of 0.78.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. The firm had revenue of $4.04 billion during 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 last year, the business earned $0.26 earnings per share. On average, equities analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 31st will be paid a dividend of $0.2925 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $1.17 annualized dividend and a dividend yield of 4.3%. Kinder Morgan's payout ratio is 95.90%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on KMI shares. TD Cowen began coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They set a "buy" rating and a $34.00 price objective for the company. Stifel Nicolaus increased their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a research note on Tuesday, June 3rd. Scotiabank lifted their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research note on Friday, July 18th. Wolfe Research upgraded shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price objective on the stock in a research note on Friday, July 25th. Finally, Barclays reaffirmed an "overweight" rating and set a $32.00 target price (up from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Kinder Morgan 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.