First Republic Investment Management Inc. Raises Holdings in Kinder Morgan, Inc. (NYSE:KMI)

First Republic Investment Management Inc. boosted its position in Kinder Morgan, Inc. (NYSE:KMIGet Rating) by 13.7% during the first quarter, Holdings Channel.com reports. The fund owned 5,262,478 shares of the pipeline company’s stock after purchasing an additional 635,912 shares during the quarter. First Republic Investment Management Inc.’s holdings in Kinder Morgan were worth $99,513,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Blackstone Inc. lifted its stake in shares of Kinder Morgan by 669.7% during the first quarter. Blackstone Inc. now owns 21,427,814 shares of the pipeline company’s stock worth $405,200,000 after purchasing an additional 18,643,966 shares in the last quarter. Norges Bank purchased a new stake in shares of Kinder Morgan during the 4th quarter valued at about $243,159,000. State Street Corp lifted its position in Kinder Morgan by 2.8% during the 1st quarter. State Street Corp now owns 142,290,641 shares of the pipeline company’s stock worth $2,690,716,000 after acquiring an additional 3,910,495 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Kinder Morgan in the 1st quarter worth approximately $69,969,000. Finally, Great West Life Assurance Co. Can grew its position in Kinder Morgan by 74.0% in the first quarter. Great West Life Assurance Co. Can now owns 8,505,081 shares of the pipeline company’s stock valued at $169,894,000 after acquiring an additional 3,618,438 shares in the last quarter. Hedge funds and other institutional investors own 61.12% of the company’s stock.

Insider Buying and Selling

In other Kinder Morgan news, VP John W. Schlosser sold 3,000 shares of Kinder Morgan stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $18.00, for a total value of $54,000.00. Following the completion of the transaction, the vice president now directly owns 28,719 shares in the company, valued at $516,942. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Kinder Morgan news, VP John W. Schlosser sold 3,000 shares of the stock in a transaction on Monday, July 25th. The stock was sold at an average price of $18.00, for a total value of $54,000.00. Following the sale, the vice president now directly owns 28,719 shares of the company’s stock, valued at $516,942. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP John W. Schlosser sold 1,500 shares of the firm’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $19.17, for a total value of $28,755.00. Following the completion of the sale, the vice president now owns 27,219 shares in the company, valued at $521,788.23. The disclosure for this sale can be found here. 12.51% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently commented on KMI. Wells Fargo & Company reduced their target price on shares of Kinder Morgan to $20.00 and set an “equal weight” rating on the stock in a research report on Friday, May 20th. The Goldman Sachs Group upgraded shares of Kinder Morgan from a “sell” rating to a “neutral” rating and set a $19.00 price objective on the stock in a report on Wednesday, September 7th. Barclays raised their target price on Kinder Morgan from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 16th. UBS Group boosted their price target on Kinder Morgan to $25.00 in a research note on Friday, July 22nd. Finally, US Capital Advisors restated a “hold” rating on shares of Kinder Morgan in a research note on Wednesday, June 1st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Kinder Morgan presently has a consensus rating of “Hold” and an average price target of $21.00.

Kinder Morgan Trading Up 2.3 %

NYSE:KMI opened at $18.74 on Tuesday. The company has a market cap of $42.22 billion, a PE ratio of 17.51, a P/E/G ratio of 5.09 and a beta of 0.92. The business’s 50 day moving average is $17.89 and its two-hundred day moving average is $18.29. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.90. Kinder Morgan, Inc. has a 52 week low of $15.01 and a 52 week high of $20.20.

Kinder Morgan (NYSE:KMIGet Rating) last announced its quarterly earnings data on Wednesday, July 20th. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. The firm had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $3.67 billion. Kinder Morgan had a return on equity of 7.82% and a net margin of 13.76%. The firm’s revenue for the quarter was up 63.5% on a year-over-year basis. During the same period last year, the business posted $0.23 earnings per share. On average, analysts predict that Kinder Morgan, Inc. will post 1.2 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Monday, August 1st were given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.92%. The ex-dividend date was Friday, July 29th. Kinder Morgan’s dividend payout ratio is presently 103.74%.

About Kinder Morgan

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Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground 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 liquefaction and storage facilities.

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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