US Bancorp DE Has $7.69 Million Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Key Points

• US Bancorp DE increased its stake in Kinder Morgan, Inc. by 18.6%, acquiring an additional 42,286 shares, bringing its total ownership to 269,604 shares valued at approximately $7.69 million.
• Several institutional investors have significantly boosted their holdings in Kinder Morgan, with Assenagon Asset Management leading the way with a 212.5% increase, now owning over 5.4 million shares.
• Kinder Morgan recently declared a quarterly dividend of $0.2925 per share, with a current yield of 4.2%, and a payout ratio of 95.90%.

US Bancorp DE boosted its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 18.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 269,604 shares of the pipeline company's stock after acquiring an additional 42,286 shares during the period. US Bancorp DE's holdings in Kinder Morgan were worth $7,692,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC bought a new position in shares of Kinder Morgan during the 4th quarter worth about $308,000. Smith Moore & CO. bought a new position in shares of Kinder Morgan during the 4th quarter worth about $215,000. KCM Investment Advisors LLC increased its holdings in shares of Kinder Morgan by 10.7% during the 4th quarter. KCM Investment Advisors LLC now owns 17,241 shares of the pipeline company's stock worth $472,000 after purchasing an additional 1,673 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Kinder Morgan by 1.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 4,510,846 shares of the pipeline company's stock worth $123,597,000 after purchasing an additional 74,973 shares during the period. Finally, Peapack Gladstone Financial Corp increased its stake in Kinder Morgan by 0.4% in the fourth quarter. Peapack Gladstone Financial Corp now owns 181,045 shares of the pipeline company's stock valued at $4,960,000 after acquiring an additional 773 shares during the period. Institutional investors and hedge funds own 62.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KMI. TD Cowen began coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating and a $34.00 target price on the stock. Scotiabank upped their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research note on Friday, July 18th. Barclays reissued an "overweight" rating and issued a $32.00 target price (up previously from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Royal Bank Of Canada upped their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research note on Tuesday, April 29th. Finally, Morgan Stanley set a $34.00 price target on shares of Kinder Morgan in a research report on Monday, July 7th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $31.13.

Kinder Morgan Stock Up 0.1%

Shares of KMI stock traded up $0.03 during trading hours on Thursday, hitting $26.78. 17,704,438 shares of the company were exchanged, compared to its average volume of 14,670,052. The business has a 50 day moving average of $27.94 and a two-hundred day moving average of $27.51. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. Kinder Morgan, Inc. has a 52 week low of $20.56 and a 52 week high of $31.48. The company has a market capitalization of $59.50 billion, a PE ratio of 21.95, a PEG ratio of 3.53 and a beta of 0.78.

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

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be given a $0.2925 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a yield of 4.4%. Kinder Morgan's dividend payout ratio (DPR) is 95.90%.

Insiders Place Their Bets

In other Kinder Morgan news, VP Sital K. Mody sold 45,549 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $27.96, for a total value of $1,273,550.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Amy W. Chronis purchased 2,759 shares of the business's stock in a transaction on Monday, July 28th. The stock was purchased at an average price of $27.21 per share, with a total value of $75,072.39. Following the purchase, the director owned 34,764 shares of the company's stock, valued at approximately $945,928.44. The trade was a 8.62% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 109,715 shares of company stock valued at $3,081,245 in the last quarter. Company insiders own 12.73% of the company's stock.

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.