DekaBank Deutsche Girozentrale Boosts Stake in Kinder Morgan, Inc. (NYSE:KMI)

DekaBank Deutsche Girozentrale grew its stake in Kinder Morgan, Inc. (NYSE:KMI) by 14.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 642,495 shares of the pipeline company’s stock after acquiring an additional 80,057 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Kinder Morgan were worth $11,829,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. True Wealth Design LLC raised its holdings in Kinder Morgan by 3,655.3% in the fourth quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 1,389 shares in the last quarter. Altshuler Shaham Ltd purchased a new position in shares of Kinder Morgan in the 4th quarter worth approximately $26,000. Pathway Financial Advisers LLC bought a new position in shares of Kinder Morgan during the 1st quarter worth approximately $30,000. OFI Invest Asset Management acquired a new stake in Kinder Morgan in the first quarter valued at approximately $31,000. Finally, Redmont Wealth Advisors LLC purchased a new position in Kinder Morgan in the first quarter worth $31,000. 62.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

KMI has been the subject of a number of recent analyst reports. Truist Financial raised their price objective on Kinder Morgan from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Friday, July 26th. Barclays raised their price target on Kinder Morgan from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. Tudor Pickering upgraded shares of Kinder Morgan to a “strong-buy” rating in a report on Thursday, May 30th. Wells Fargo & Company upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $18.00 to $22.00 in a research note on Tuesday, June 4th. Finally, Argus raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Friday, July 19th. Seven analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $22.11.

Kinder Morgan Stock Performance

NYSE KMI traded down $0.39 on Friday, reaching $20.68. 18,941,191 shares of the company’s stock traded hands, compared to its average volume of 17,440,460. Kinder Morgan, Inc. has a fifty-two week low of $15.89 and a fifty-two week high of $21.86. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.28 and a current ratio of 0.37. The firm has a market cap of $45.90 billion, a price-to-earnings ratio of 18.80, a P/E/G ratio of 2.92 and a beta of 0.93. The stock has a 50 day moving average price of $20.14 and a 200-day moving average price of $18.72.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). The company had revenue of $3.57 billion during the quarter, compared to analyst estimates of $4.13 billion. Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the firm earned $0.24 EPS. Equities research analysts predict that Kinder Morgan, Inc. will post 1.2 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be paid a dividend of $0.2875 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.56%. Kinder Morgan’s payout ratio is 104.55%.

Insider Activity

In related news, VP Sital K. Mody sold 21,413 shares of the stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total transaction of $455,026.25. Following the sale, the vice president now directly owns 25,169 shares of the company’s stock, valued at $534,841.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Dax Sanders sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total value of $987,500.00. Following the completion of the sale, the vice president now directly owns 259,069 shares in the company, valued at $5,116,612.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Sital K. Mody sold 21,413 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total value of $455,026.25. Following the transaction, the vice president now directly owns 25,169 shares of the company’s stock, valued at $534,841.25. The disclosure for this sale can be found here. Insiders sold a total of 196,582 shares of company stock valued at $4,073,082 in the last three months. 12.64% of the stock is currently owned by corporate insiders.

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.