Northern Trust Corp Has $573.83 Million Stake in Kinder Morgan, Inc. (NYSE:KMI)

Northern Trust Corp increased its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 8.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,942,841 shares of the pipeline company's stock after acquiring an additional 1,608,499 shares during the period. Northern Trust Corp owned about 0.94% of Kinder Morgan worth $573,834,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Hurley Capital LLC bought a new stake in shares of Kinder Morgan during the 4th quarter worth about $25,000. Retirement Wealth Solutions LLC acquired a new position in Kinder Morgan during the fourth quarter valued at approximately $25,000. Centricity Wealth Management LLC bought a new position in shares of Kinder Morgan in the fourth quarter valued at approximately $25,000. Modus Advisors LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter worth $27,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of Kinder Morgan during the 4th quarter worth $29,000. 62.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on KMI. JPMorgan Chase & Co. boosted their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 5th. UBS Group increased their target price on Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Barclays raised Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price target on the stock in a research report on Monday, March 3rd. Scotiabank increased their price objective on Kinder Morgan from $25.00 to $26.00 and gave the company a "sector perform" rating in a research report on Monday, April 21st. Finally, Citigroup upped their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $29.71.

Insider Buying and Selling at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total value of $498,600.00. Following the completion of the sale, the president now directly owns 843,652 shares in the company, valued at approximately $23,369,160.40. The trade was a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP John W. Schlosser sold 75,461 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the sale, the vice president now owns 220,681 shares in the company, valued at $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 worth $3,506,116 over the last 90 days. Company insiders own 12.73% of the company's stock.

Kinder Morgan Stock Up 2.0 %

Shares of Kinder Morgan stock traded up $0.52 during trading on Friday, reaching $26.82. The stock had a trading volume of 10,495,678 shares, compared to its average volume of 13,903,577. 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 company has a market capitalization of $59.60 billion, a price-to-earnings ratio of 22.92, a P/E/G ratio of 3.08 and a beta of 0.72. Kinder Morgan, Inc. has a 52 week low of $18.38 and a 52 week high of $31.48. The stock has a fifty day moving average price of $26.97 and a two-hundred day moving average price of $27.10.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. The firm had revenue of $4.24 billion for the quarter, compared to analysts' expectations of $4.02 billion. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date of this dividend is Wednesday, April 30th. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's payout ratio is 100.86%.

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.