Resolution Capital Ltd Acquires 37,368 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Resolution Capital Ltd boosted its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 21.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 215,271 shares of the pipeline company's stock after buying an additional 37,368 shares during the quarter. Kinder Morgan makes up 0.1% of Resolution Capital Ltd's holdings, making the stock its 28th biggest holding. Resolution Capital Ltd's holdings in Kinder Morgan were worth $5,898,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. ProShare Advisors LLC boosted its stake in Kinder Morgan by 0.6% in the fourth quarter. ProShare Advisors LLC now owns 527,166 shares of the pipeline company's stock valued at $14,444,000 after buying an additional 3,308 shares in the last quarter. Quadcap Wealth Management LLC boosted its stake in shares of Kinder Morgan by 3.0% during the fourth quarter. Quadcap Wealth Management LLC now owns 32,012 shares of the pipeline company's stock valued at $877,000 after purchasing an additional 931 shares in the last quarter. Quantinno Capital Management LP boosted its stake in shares of Kinder Morgan by 17.8% during the fourth quarter. Quantinno Capital Management LP now owns 293,895 shares of the pipeline company's stock valued at $8,053,000 after purchasing an additional 44,511 shares in the last quarter. Paradigm Capital Management LLC NV boosted its stake in shares of Kinder Morgan by 0.6% during the fourth quarter. Paradigm Capital Management LLC NV now owns 82,102 shares of the pipeline company's stock valued at $2,250,000 after purchasing an additional 525 shares in the last quarter. Finally, Mufg Securities Americas Inc. bought a new position in shares of Kinder Morgan during the fourth quarter worth about $782,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Stock Up 0.3%

Shares of NYSE:KMI traded up $0.09 during mid-day trading on Friday, hitting $28.09. 12,398,816 shares of the company traded hands, compared to its average volume of 13,990,894. The stock has a market cap of $62.41 billion, a P/E ratio of 24.01, a P/E/G ratio of 3.08 and a beta of 0.74. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 12-month low of $18.83 and a 12-month high of $31.48. The stock has a 50-day moving average price of $27.15 and a two-hundred day moving average price of $27.30.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. The business had revenue of $4.24 billion for the quarter, compared to analysts' expectations of $4.02 billion. On average, equities research 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 given a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date was Wednesday, April 30th. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's dividend payout ratio is currently 100.86%.

Insider Activity

In related news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction on 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total value of $2,011,035.65. Following the sale, the vice president now owns 220,681 shares in the company, valued at approximately $5,881,148.65. The trade was a 25.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 129,461 shares of company stock valued at $3,503,776 in the last 90 days. Insiders own 12.73% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KMI. Mizuho raised their price objective on Kinder Morgan from $31.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their target price on Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Citigroup lifted their target price on Kinder Morgan from $25.00 to $28.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Barclays upgraded Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 target price for the company in a report on Monday, March 3rd. Finally, Royal Bank of Canada lifted their target price on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 29th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $29.79.

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.