Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC increased its stake in Kinder Morgan, Inc. by 1.9%, owning 752,400 shares valued at approximately $21.47 million as of its latest SEC filing.
• Insider transactions indicate mixed activities, with Director Amy W. Chronis purchasing 2,759 shares while President Thomas A. Martin sold 18,000 shares, reflecting varying levels of confidence among company executives.
• Several analysts have set price targets for Kinder Morgan stock, with most recommending a "buy" rating and a consensus target price of $31.13, indicating potential upside for investors.

Natixis Advisors LLC lifted its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 752,400 shares of the pipeline company's stock after acquiring an additional 14,120 shares during the quarter. Natixis Advisors LLC's holdings in Kinder Morgan were worth $21,466,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in KMI. Sierra Ocean LLC lifted its stake in Kinder Morgan by 927.1% during the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock worth $25,000 after purchasing an additional 788 shares in the last quarter. Hurley Capital LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at $25,000. Fourth Dimension Wealth LLC purchased a new stake in shares of Kinder Morgan in the 4th quarter valued at $26,000. Morse Asset Management Inc acquired a new position in Kinder Morgan during the 4th quarter worth about $27,000. Finally, JNBA Financial Advisors boosted 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 valued at $29,000 after acquiring an additional 870 shares during the period. Hedge funds and other institutional investors own 62.52% of the company's stock.

Kinder Morgan Stock Up 0.1%

Shares of Kinder Morgan stock traded up $0.03 during trading on Friday, hitting $28.09. 16,323,561 shares of the stock were exchanged, compared to its average volume of 15,909,074. 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 firm's 50-day moving average price is $27.96 and its 200 day moving average price is $27.53. The stock has a market cap of $62.42 billion, a price-to-earnings ratio of 23.02, a price-to-earnings-growth ratio of 3.54 and a beta of 0.78. Kinder Morgan, Inc. has a 12-month low of $19.68 and a 12-month high of $31.48.

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

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be issued a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Thursday, July 31st. Kinder Morgan's dividend payout ratio is 95.90%.

Insider Buying and Selling

In related news, Director Amy W. Chronis acquired 2,759 shares of the business's stock in a transaction on Monday, July 28th. The shares were bought at an average price of $27.21 per share, with a total value of $75,072.39. Following the completion of the acquisition, the director owned 34,764 shares in the company, valued at $945,928.44. This trade represents a 8.62% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total transaction of $508,680.00. Following the sale, the president owned 771,652 shares of the company's stock, valued at $21,806,885.52. This represents a 2.28% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on KMI shares. Morgan Stanley set a $34.00 price target on shares of Kinder Morgan in a research note on Monday, July 7th. Cowen started coverage on shares of Kinder Morgan in a report on Monday, July 7th. They issued a "buy" rating for the company. Wells Fargo & Company upped their target price on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. JPMorgan Chase & Co. raised their price target on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Finally, Royal Bank Of Canada boosted 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. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus 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.