Quaero Capital S.A. Invests $1.03 Million in Kinder Morgan, Inc. (NYSE:KMI)

Quaero Capital S.A. bought a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 36,183 shares of the pipeline company's stock, valued at approximately $1,032,000.

A number of other large investors also recently added to or reduced their stakes in the business. Brighton Jones LLC purchased a new position in shares of Kinder Morgan in the fourth quarter worth about $308,000. Wealthspire Advisors LLC purchased a new position in Kinder Morgan in the 4th quarter worth approximately $225,000. Bank of New York Mellon Corp lifted its position in Kinder Morgan by 8.6% in the fourth quarter. Bank of New York Mellon Corp now owns 13,734,753 shares of the pipeline company's stock valued at $376,332,000 after purchasing an additional 1,093,242 shares during the last quarter. National Pension Service boosted its stake in shares of Kinder Morgan by 55.6% during the fourth quarter. National Pension Service now owns 4,573,495 shares of the pipeline company's stock valued at $125,314,000 after purchasing an additional 1,634,631 shares during the period. Finally, Checchi Capital Advisers LLC grew its holdings in shares of Kinder Morgan by 4.0% in the fourth quarter. Checchi Capital Advisers LLC now owns 22,905 shares of the pipeline company's stock worth $628,000 after purchasing an additional 884 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Insider Buying and Selling at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $27.57, for a total transaction of $496,260.00. Following the sale, the president now directly owns 789,652 shares of the company's stock, valued at approximately $21,770,705.64. This represents a 2.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 54,000 shares of company stock worth $1,522,440. 12.73% of the stock is owned by insiders.

Kinder Morgan Price Performance

Shares of KMI stock opened at $28.90 on Friday. Kinder Morgan, Inc. has a twelve month low of $19.47 and a twelve month high of $31.48. The stock has a market cap of $64.21 billion, a price-to-earnings ratio of 24.91, a PEG ratio of 3.11 and a beta of 0.74. The company has a quick ratio of 0.35, a current ratio of 0.45 and a debt-to-equity ratio of 0.94. The business's fifty day moving average is $27.56 and its 200 day moving average is $27.46.

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 (EPS) for the quarter, meeting 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 net margin of 16.67% and a return on equity of 8.11%. Research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The business 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. This represents a $1.17 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend was Wednesday, April 30th. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's dividend payout ratio (DPR) is 100.86%.

Analyst Ratings Changes

Several equities research analysts have weighed in on KMI shares. Scotiabank increased their price target on shares of Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a research report on Thursday, June 5th. Stifel Nicolaus increased their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a report on Tuesday, June 3rd. JPMorgan Chase & Co. boosted their price target on Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Barclays reiterated an "overweight" rating and issued a $32.00 price objective (up previously from $31.00) on shares of Kinder Morgan in a report on Monday. Finally, Royal Bank Of Canada boosted their target price on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research note on Tuesday, April 29th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $30.29.

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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