Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by Nuveen Asset Management LLC

Nuveen Asset Management LLC boosted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 39.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,788,045 shares of the pipeline company's stock after acquiring an additional 2,191,165 shares during the quarter. Nuveen Asset Management LLC owned 0.35% of Kinder Morgan worth $213,392,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Norges Bank acquired a new stake in Kinder Morgan during the fourth quarter valued at $917,523,000. Raymond James Financial Inc. purchased a new position in shares of Kinder Morgan in the 4th quarter valued at about $157,804,000. Blackstone Inc. raised its holdings in Kinder Morgan by 435.0% in the 4th quarter. Blackstone Inc. now owns 4,358,263 shares of the pipeline company's stock worth $119,416,000 after purchasing an additional 3,543,670 shares during the period. Artisan Partners Limited Partnership purchased a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $87,729,000. Finally, Amundi raised its stake in shares of Kinder Morgan by 28.9% during the 4th quarter. Amundi now owns 11,819,777 shares of the pipeline company's stock worth $334,381,000 after buying an additional 2,650,040 shares during the period. Hedge funds and other institutional investors own 62.52% of the company's stock.

Kinder Morgan Trading Down 0.3%

Shares of KMI traded down $0.09 during trading on Monday, reaching $28.00. 7,840,873 shares of the company traded hands, compared to its average volume of 13,966,508. The stock has a 50-day simple moving average of $27.15 and a 200-day simple moving average of $27.32. The stock has a market cap of $62.22 billion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74. Kinder Morgan, Inc. has a twelve month low of $18.83 and a twelve month high of $31.48. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.34. The company had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.02 billion. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. On average, analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were paid a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.18%. This is a boost from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, April 30th. Kinder Morgan's payout ratio is presently 100.86%.

Insiders Place Their Bets

In other news, VP John W. Schlosser sold 75,461 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the completion of 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $28.75, for a total transaction of $517,500.00. Following the completion of the sale, the president now directly owns 807,652 shares of the company's stock, valued at approximately $23,219,995. This trade represents a 2.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 129,461 shares of company stock worth $3,503,776 in the last quarter. 12.73% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

KMI has been the topic of a number of research analyst reports. Scotiabank lifted their price target on shares of Kinder Morgan from $25.00 to $26.00 and gave the company a "sector perform" rating in a research note on Monday, April 21st. Barclays upgraded Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 target price on the stock in a research report on Monday, March 3rd. Royal Bank of Canada boosted their price target 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. JPMorgan Chase & Co. raised their price objective on Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Finally, UBS Group upped their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $29.79.

Kinder Morgan 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.