Siemens Fonds Invest GmbH Has $767,000 Stake in Kinder Morgan, Inc. (NYSE:KMI)

Siemens Fonds Invest GmbH boosted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 127.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMI. Vanguard Group Inc. raised its position in shares of Kinder Morgan by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 202,846,078 shares of the pipeline company's stock valued at $5,557,983,000 after buying an additional 1,469,759 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Kinder Morgan by 2.5% in the 4th 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 period. Norges Bank acquired a new stake in shares of Kinder Morgan during the 4th quarter worth approximately $917,523,000. Northern Trust Corp increased its position 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 valued at $573,834,000 after purchasing an additional 1,608,499 shares during the period. Finally, Deutsche Bank AG raised its stake in shares of Kinder Morgan by 16.8% in the fourth quarter. Deutsche Bank AG now owns 14,711,722 shares of the pipeline company's stock valued at $403,101,000 after purchasing an additional 2,116,576 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Insider Activity at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $28.75, for a total value of $517,500.00. Following the completion of the transaction, the president now owns 807,652 shares of the company's stock, valued at $23,219,995. The trade was a 2.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 54,000 shares of company stock worth $1,492,740 over the last ninety days. Company insiders own 12.73% of the company's stock.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock traded down $0.51 during midday trading on Wednesday, reaching $27.47. The company had a trading volume of 11,806,722 shares, compared to its average volume of 13,961,743. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. The stock has a fifty day simple moving average of $27.21 and a 200 day simple moving average of $27.35. Kinder Morgan, Inc. has a 1-year low of $18.83 and a 1-year high of $31.48. The company has a market capitalization of $61.05 billion, a price-to-earnings ratio of 23.48, a price-to-earnings-growth 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, hitting analysts' consensus estimates of $0.34. The company had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.02 billion. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. As a group, equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were paid a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.26%. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, April 30th. Kinder Morgan's payout ratio is 100.86%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on KMI shares. Barclays upgraded shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price objective for the company in a research note on Monday, March 3rd. Truist Financial upped their price objective on Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. UBS Group raised their target price on Kinder Morgan from $34.00 to $38.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Wells Fargo & Company reiterated an "overweight" rating on shares of Kinder Morgan in a research report on Monday, May 5th. Finally, Scotiabank lifted their price objective on Kinder Morgan from $25.00 to $26.00 and gave the company a "sector perform" rating in a report on Monday, April 21st. 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 company. According to MarketBeat, Kinder Morgan has a consensus rating of "Moderate Buy" and a consensus price target of $29.79.

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.