Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI boosted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 51.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,437 shares of the pipeline company’s stock after purchasing an additional 5,597 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Kinder Morgan were worth $450,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Retirement Wealth Solutions LLC acquired a new position in Kinder Morgan during the 4th quarter valued at approximately $25,000. Centricity Wealth Management LLC acquired a new position in Kinder Morgan during the 4th quarter valued at approximately $25,000. Modus Advisors LLC acquired a new position in Kinder Morgan during the 4th quarter valued at approximately $27,000. Heck Capital Advisors LLC acquired a new position in Kinder Morgan during the 4th quarter valued at approximately $29,000. Finally, Planning Capital Management Corp boosted its position in Kinder Morgan by 143.6% during the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 797 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Scotiabank began coverage on Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price objective for the company. Royal Bank of Canada boosted their price target on Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Monday. Morgan Stanley boosted their price target on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Wells Fargo & Company boosted their price target on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. boosted their price target on Kinder Morgan from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $29.64.

Insider Activity

In related news, VP John W. Schlosser sold 75,461 shares of the company’s stock in a transaction on 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 transaction, the vice president now directly owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the transaction, the president now directly owns 861,652 shares in the company, valued at $24,048,707.32. The trade was a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 111,461 shares of company stock valued at $3,012,016 over the last three months. Insiders own 12.64% of the company’s stock.

Kinder Morgan Trading Down 0.9 %

Shares of Kinder Morgan stock opened at $26.76 on Thursday. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The firm has a market cap of $59.45 billion, a price-to-earnings ratio of 22.87, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The business has a fifty day simple moving average of $27.75 and a 200-day simple moving average of $25.65. Kinder Morgan, Inc. has a fifty-two week low of $17.45 and a fifty-two week high of $31.48.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. On average, equities analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.30%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s dividend payout ratio is 98.29%.

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.