National Bank of Canada FI Buys 73,165 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Key Points

• National Bank of Canada FI increased its stake in Kinder Morgan, Inc. by 2.8%, owning approximately 2,674,619 shares valued at $76.3 million by the end of the last quarter.
• Several other investors also boosted their holdings in Kinder Morgan, with Citizens Financial Group raising its stake by an impressive 45.3%.
• Kinder Morgan recently announced a quarterly dividend of $0.2925 per share, equating to an annualized dividend yield of 4.4%.

National Bank of Canada FI increased its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 2.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,674,619 shares of the pipeline company's stock after acquiring an additional 73,165 shares during the period. National Bank of Canada FI owned about 0.12% of Kinder Morgan worth $76,304,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of 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 acquiring an additional 1,302,794 shares in the last quarter. Northern Trust Corp raised its holdings in shares of 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 acquiring an additional 1,608,499 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Kinder Morgan by 37.5% during the first quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company's stock worth $578,628,000 after acquiring an additional 5,529,065 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Kinder Morgan by 2.0% during the first quarter. Deutsche Bank AG now owns 15,002,375 shares of the pipeline company's stock worth $428,018,000 after acquiring an additional 290,653 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP raised its holdings in shares of Kinder Morgan by 5.4% during the first quarter. Kayne Anderson Capital Advisors LP now owns 10,786,581 shares of the pipeline company's stock worth $307,741,000 after acquiring an additional 553,395 shares in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Price Performance

Shares of NYSE:KMI traded down $0.33 during trading on Tuesday, reaching $26.56. The stock had a trading volume of 15,162,371 shares, compared to its average volume of 14,659,177. Kinder Morgan, Inc. has a 52 week low of $20.56 and a 52 week high of $31.48. The business's 50-day moving average price is $27.86 and its 200 day moving average price is $27.39. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53. The stock has a market capitalization of $59.02 billion, a PE ratio of 21.77, a P/E/G ratio of 3.39 and a beta of 0.78.

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

Kinder Morgan Dividend Announcement

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

Insider Buying and Selling

In other news, Director Amy W. Chronis bought 2,759 shares of the business's stock in a transaction dated 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 completion of the purchase, the director owned 34,764 shares of the company's stock, valued at approximately $945,928.44. The trade was a 8.62% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 disclosure for this sale can be found here. Insiders have sold a total of 109,715 shares of company stock valued at $3,081,245 in the last ninety days. 12.73% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

KMI has been the topic of several recent research reports. Scotiabank raised their target price on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a report on Friday, July 18th. Stifel Nicolaus raised their target price on Kinder Morgan from $27.00 to $28.00 and gave the company a "hold" rating in a report on Tuesday, June 3rd. JPMorgan Chase & Co. raised 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. Royal Bank Of Canada raised their target price on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a report on Tuesday, April 29th. Finally, Wells Fargo & Company raised 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. Seven investment 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, Kinder Morgan currently has a consensus rating of "Moderate Buy" and an average target price of $31.13.

About Kinder Morgan

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.