Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by Resolution Capital Ltd

Resolution Capital Ltd grew its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 21.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 215,271 shares of the pipeline company’s stock after purchasing an additional 37,368 shares during the quarter. Kinder Morgan makes up approximately 0.1% of Resolution Capital Ltd’s portfolio, making the stock its 28th largest holding. Resolution Capital Ltd’s holdings in Kinder Morgan were worth $5,898,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of KMI. Norges Bank acquired a new position in shares of Kinder Morgan in the fourth quarter worth $917,523,000. Raymond James Financial Inc. purchased a new stake in Kinder Morgan during the 4th quarter worth about $157,804,000. Blackstone Inc. increased its position in Kinder Morgan by 435.0% during 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 in the last quarter. Artisan Partners Limited Partnership acquired a new position in Kinder Morgan in the 4th quarter valued at about $87,729,000. Finally, Amundi lifted its holdings in Kinder Morgan by 28.9% in the 4th quarter. Amundi now owns 11,819,777 shares of the pipeline company’s stock valued at $334,381,000 after purchasing an additional 2,650,040 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction 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 $5,881,148.65. The trade was a 25.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $28.75, for a total transaction of $517,500.00. Following the sale, the president now directly owns 807,652 shares in the company, valued at $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 valued at $3,503,776 in the last quarter. Insiders own 12.73% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $27.38 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. Kinder Morgan, Inc. has a fifty-two week low of $18.83 and a fifty-two week high of $31.48. The business has a 50 day moving average price of $27.08 and a two-hundred day moving average price of $27.23. The firm has a market cap of $60.84 billion, a PE ratio of 23.40, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.34. The business had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.02 billion. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. Sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be paid a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 4.27%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, April 30th. Kinder Morgan’s dividend payout ratio (DPR) is 100.86%.

Wall Street Analysts Forecast Growth

KMI has been the subject of a number of recent research reports. UBS Group lifted their price target 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. Scotiabank lifted their target price on shares of Kinder Morgan from $25.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Monday, April 21st. Morgan Stanley boosted their price target on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Citigroup raised their price objective on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Barclays upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 target price for the company in a research note on Monday, March 3rd. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus target price 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.