UMB Bank n.a. Purchases 18,633 Shares of Kinder Morgan, Inc. (NYSE:KMI)

UMB Bank n.a. grew its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 8.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 229,278 shares of the pipeline company's stock after acquiring an additional 18,633 shares during the quarter. UMB Bank n.a.'s holdings in Kinder Morgan were worth $6,541,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Tower Wealth Partners Inc. acquired a new stake in shares of Kinder Morgan in the 1st quarter valued at approximately $210,000. KRS Capital Management LLC lifted its holdings in Kinder Morgan by 3.8% during the 1st quarter. KRS Capital Management LLC now owns 14,306 shares of the pipeline company's stock valued at $408,000 after purchasing an additional 521 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Kinder Morgan by 15.9% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 31,051 shares of the pipeline company's stock valued at $886,000 after purchasing an additional 4,254 shares during the last quarter. Portside Wealth Group LLC acquired a new stake in Kinder Morgan during the 1st quarter valued at $203,000. Finally, Contravisory Investment Management Inc. lifted its holdings in Kinder Morgan by 13.7% during the 1st quarter. Contravisory Investment Management Inc. now owns 12,617 shares of the pipeline company's stock valued at $360,000 after purchasing an additional 1,520 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Scotiabank increased their price objective on Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research report on Thursday, June 5th. Stifel Nicolaus increased their price objective on Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a research report on Tuesday, June 3rd. Barclays upgraded Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price objective on the stock in a research report on Monday, March 3rd. Royal Bank of Canada increased their price objective on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Kinder Morgan has an average rating of "Moderate Buy" and an average target price of $30.21.

Kinder Morgan Price Performance

Shares of NYSE:KMI traded up $0.14 during trading on Wednesday, hitting $27.52. 13,376,569 shares of the company were exchanged, compared to its average volume of 14,016,597. Kinder Morgan, Inc. has a 1-year low of $19.47 and a 1-year high of $31.48. The company has a market capitalization of $61.14 billion, a P/E ratio of 23.52, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74. 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 moving average is $27.18 and its 200-day moving average is $27.45.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.34. The business 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%. Equities analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The company also recently declared 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. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a dividend yield of 4.25%. The ex-dividend date was Wednesday, April 30th. Kinder Morgan's payout ratio is 100.86%.

Insider Transactions at Kinder Morgan

In other 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 transaction of $496,260.00. Following the sale, the president now directly owns 789,652 shares in the company, valued at approximately $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 SEC, which is accessible through the SEC website. Over the last three months, insiders have sold 54,000 shares of company stock worth $1,522,440. Insiders own 12.73% of the company's stock.

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.