OLD National Bancorp IN Acquires 27,075 Shares of Kinder Morgan, Inc. (NYSE:KMI)

OLD National Bancorp IN lifted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 6.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 445,335 shares of the pipeline company's stock after acquiring an additional 27,075 shares during the quarter. OLD National Bancorp IN's holdings in Kinder Morgan were worth $12,705,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in KMI. Brighton Jones LLC acquired a new stake in Kinder Morgan during the 4th quarter worth approximately $308,000. Stratos Wealth Partners LTD. lifted its holdings in Kinder Morgan by 0.9% during the 4th quarter. Stratos Wealth Partners LTD. now owns 72,808 shares of the pipeline company's stock worth $1,995,000 after purchasing an additional 614 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Kinder Morgan by 36.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 164,732 shares of the pipeline company's stock worth $4,479,000 after purchasing an additional 43,626 shares during the last quarter. Bleakley Financial Group LLC lifted its holdings in Kinder Morgan by 2.3% during the 4th quarter. Bleakley Financial Group LLC now owns 28,470 shares of the pipeline company's stock worth $780,000 after purchasing an additional 633 shares during the last quarter. Finally, Silver Oak Securities Incorporated lifted its holdings in Kinder Morgan by 90.5% during the 4th quarter. Silver Oak Securities Incorporated now owns 16,853 shares of the pipeline company's stock worth $461,000 after purchasing an additional 8,008 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on KMI shares. Stifel Nicolaus lifted their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a report on Tuesday, June 3rd. Royal Bank of Canada lifted their price objective on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a report on Tuesday, April 29th. Scotiabank lifted 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. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Kinder Morgan in a report on Monday, May 5th. Finally, Barclays raised Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price objective for the company in a report on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $30.21.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $27.57, for a total transaction of $496,260.00. Following the sale, the president now owns 789,652 shares in the company, valued at $21,770,705.64. The trade was a 2.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 54,000 shares of company stock worth $1,522,440 in the last 90 days. Insiders own 12.73% of the company's stock.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $28.15 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. Kinder Morgan, Inc. has a 52 week low of $19.47 and a 52 week high of $31.48. The stock has a market capitalization of $62.55 billion, a P/E ratio of 24.06, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74. The stock has a fifty day moving average of $27.17 and a 200-day moving average of $27.46.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, hitting analysts' consensus estimates of $0.34. The company had revenue of $4.24 billion during the quarter, compared to analysts' expectations of $4.02 billion. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. On average, sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were given a dividend of $0.2925 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.17 dividend on an annualized basis and a yield of 4.16%. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's payout ratio is currently 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.

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