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Universal Beteiligungs und Servicegesellschaft mbH Increases Stake in Kinder Morgan, Inc. (NYSE:KMI)

Kinder Morgan logo with Energy background

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 37.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,111,221 shares of the pipeline company's stock after purchasing an additional 304,935 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.05% of Kinder Morgan worth $31,703,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KMI. Hurley Capital LLC acquired a new position in Kinder Morgan in the 4th quarter valued at $25,000. Sierra Ocean LLC raised its holdings in shares of Kinder Morgan by 927.1% during the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock worth $25,000 after buying an additional 788 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at approximately $26,000. Morse Asset Management Inc bought a new stake in shares of Kinder Morgan during the fourth quarter worth $27,000. Finally, Heck Capital Advisors LLC bought a new stake in Kinder Morgan during the 4th quarter worth $29,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock traded down $0.02 during mid-day trading on Friday, hitting $27.40. 15,215,811 shares of the stock were exchanged, compared to its average volume of 14,770,045. Kinder Morgan, Inc. has a 12 month low of $19.68 and a 12 month high of $31.48. The company has a 50-day simple moving average of $27.95 and a 200 day simple moving average of $27.57. The company has a market capitalization of $60.89 billion, a P/E ratio of 22.46, a P/E/G ratio of 3.48 and a beta of 0.75. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.35 and a current ratio of 0.68.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, hitting analysts' consensus estimates of $0.28. The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.75 billion. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%. Kinder Morgan's quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the company posted $0.26 earnings per share. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be given a dividend of $0.2925 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $1.17 annualized dividend and a yield of 4.27%. Kinder Morgan's payout ratio is currently 95.90%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on KMI. Morgan Stanley set a $34.00 price target on shares of Kinder Morgan in a report on Monday, July 7th. Wells Fargo & Company upped their target price on Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. lifted their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Wolfe Research upgraded shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price objective on the stock in a report on Friday. Finally, TD Cowen assumed coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They set a "buy" rating and a $34.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $31.00.

Check Out Our Latest Stock Analysis on KMI

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total value of $508,680.00. Following the transaction, the president directly owned 771,652 shares in the company, valued at $21,806,885.52. The trade was a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 12.73% of the company's stock.

About Kinder Morgan

(Free Report)

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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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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