515,401 Shares in Kinder Morgan, Inc. $KMI Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new position in Kinder Morgan, Inc. (NYSE:KMI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 515,401 shares of the pipeline company’s stock, valued at approximately $15,539,000.

A number of other hedge funds have also bought and sold shares of the business. BlackRock Inc. grew its position in shares of Kinder Morgan by 1.1% in the second quarter. BlackRock Inc. now owns 175,834,246 shares of the pipeline company’s stock valued at $5,621,421,000 after purchasing an additional 1,875,143 shares in the last quarter. State Street Corp raised its stake in shares of Kinder Morgan by 4.3% during the 2nd quarter. State Street Corp now owns 130,863,419 shares of the pipeline company’s stock valued at $4,183,704,000 after purchasing an additional 5,361,578 shares during the period. Bank of America Corp DE raised its stake in shares of Kinder Morgan by 1.4% during the 1st quarter. Bank of America Corp DE now owns 62,018,394 shares of the pipeline company’s stock valued at $2,079,477,000 after purchasing an additional 836,571 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Kinder Morgan by 2.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 17,237,384 shares of the pipeline company’s stock worth $577,998,000 after purchasing an additional 448,130 shares in the last quarter. Finally, Amundi lifted its holdings in Kinder Morgan by 5.8% during the 1st quarter. Amundi now owns 15,130,700 shares of the pipeline company’s stock worth $507,332,000 after purchasing an additional 831,125 shares in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Trading Up 0.6%

Kinder Morgan stock opened at $32.90 on Wednesday. The stock has a market cap of $73.29 billion, a P/E ratio of 20.31, a PEG ratio of 2.28 and a beta of 0.58. Kinder Morgan, Inc. has a fifty-two week low of $25.66 and a fifty-two week high of $34.81. The firm’s fifty day moving average price is $32.13 and its 200-day moving average price is $32.08. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.55 and a current ratio of 0.67.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, October 21st. The pipeline company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.37 billion. Kinder Morgan had a return on equity of 10.84% and a net margin of 19.64%. The firm’s revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.29 earnings per share. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.57 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 2nd will be issued a $0.2975 dividend. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $1.19 annualized dividend and a dividend yield of 3.6%. Kinder Morgan’s dividend payout ratio (DPR) is presently 73.46%.

Analyst Ratings Changes

Several research analysts have commented on the company. Mizuho lifted their target price on Kinder Morgan from $37.00 to $39.00 and gave the company an “outperform” rating in a report on Thursday, October 22nd. JPMorgan Chase & Co. upped their price target on Kinder Morgan from $36.00 to $37.00 and gave the company a “neutral” rating in a research report on Monday. Capital One Financial began coverage on shares of Kinder Morgan in a report on Tuesday, September 22nd. They issued an “equal weight” rating and a $36.00 price target on the stock. BMO Capital Markets raised their price objective on shares of Kinder Morgan from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Thursday, October 22nd. Finally, Stifel Nicolaus started coverage on shares of Kinder Morgan in a research report on Wednesday, September 9th. They issued a “hold” rating and a $35.00 price objective for the company. Twelve research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $37.15.

Insider Buying and Selling at Kinder Morgan

In other news, VP Michael Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $33.65, for a total transaction of $52,157.50. Following the completion of the sale, the vice president owned 47,313 shares in the company, valued at approximately $1,592,082.45. This trade represents a 3.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 12.72% of the stock is currently owned by insiders.

Kinder Morgan Company Profile

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and other transportation and storage facilities. Its systems primarily support the movement, processing, and storage of natural gas, crude oil, refined petroleum products, and other energy commodities.

The company’s natural gas business transports and stores natural gas for utilities, power generators, industrial customers, and other energy companies. Kinder Morgan also operates refined products and crude oil pipelines, liquids terminals, and carbon dioxide infrastructure.