Siemens Fonds Invest GmbH Grows Position in Kinder Morgan, Inc. (NYSE:KMI)

Siemens Fonds Invest GmbH lifted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 127.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,978 shares of the pipeline company's stock after purchasing an additional 15,662 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Kinder Morgan were worth $767,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Kinder Morgan by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 202,846,078 shares of the pipeline company's stock worth $5,557,983,000 after purchasing an additional 1,469,759 shares during the last quarter. Geode Capital Management LLC raised its position in Kinder Morgan by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 51,759,844 shares of the pipeline company's stock worth $1,414,813,000 after acquiring an additional 1,252,609 shares during the last quarter. Norges Bank acquired a new position in Kinder Morgan during the fourth quarter worth about $917,523,000. Northern Trust Corp grew 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 buying an additional 1,608,499 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Kinder Morgan by 16.8% during the fourth quarter. Deutsche Bank AG now owns 14,711,722 shares of the pipeline company's stock worth $403,101,000 after buying an additional 2,116,576 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Insider Transactions at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $27.57, for a total value of $496,260.00. Following the completion of the transaction, the president now owns 789,652 shares of the company's stock, valued at $21,770,705.64. The trade was a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders sold 54,000 shares of company stock valued at $1,492,740. 12.73% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on KMI. Scotiabank boosted their target price on shares of Kinder Morgan from $25.00 to $26.00 and gave the stock a "sector perform" rating in a research report on Monday, April 21st. Barclays upgraded shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 target price for the company in a research report on Monday, March 3rd. Royal Bank of Canada raised their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 29th. Wells Fargo & Company restated an "overweight" rating on shares of Kinder Morgan in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.79.

Kinder Morgan Stock Up 0.4%

Shares of NYSE:KMI traded up $0.11 during midday trading on Friday, hitting $28.03. The stock had a trading volume of 15,718,257 shares, compared to its average volume of 14,021,334. Kinder Morgan, Inc. has a 12 month low of $18.99 and a 12 month high of $31.48. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The business's 50-day simple moving average is $27.19 and its 200-day simple moving average is $27.43. The company has a market cap of $62.28 billion, a P/E ratio of 23.96, a PEG ratio of 3.08 and a beta of 0.74.

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

Kinder Morgan Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were issued 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 dividend yield of 4.17%. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's dividend payout ratio (DPR) 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.