KBC Group NV Has $5.77 Million Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

KBC Group NV decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 7.5% in the first quarter, Holdings Channel.com reports. The firm owned 202,319 shares of the pipeline company’s stock after selling 16,463 shares during the period. KBC Group NV’s holdings in Kinder Morgan were worth $5,772,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC bought a new position in Kinder Morgan during the fourth quarter valued at approximately $308,000. Proficio Capital Partners LLC bought a new position in shares of Kinder Morgan during the 4th quarter valued at $4,176,000. Fisher Asset Management LLC lifted its stake in shares of Kinder Morgan by 74.5% in the 4th quarter. Fisher Asset Management LLC now owns 22,916 shares of the pipeline company’s stock valued at $628,000 after purchasing an additional 9,780 shares during the last quarter. SRS Capital Advisors Inc. boosted its holdings in Kinder Morgan by 178.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 703 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its position in Kinder Morgan by 52.7% during the fourth quarter. Jones Financial Companies Lllp now owns 167,092 shares of the pipeline company’s stock worth $4,578,000 after buying an additional 57,639 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Up 0.6%

Shares of NYSE KMI opened at $28.49 on Thursday. The business has a fifty day moving average of $27.74 and a two-hundred day moving average of $27.51. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.45. Kinder Morgan, Inc. has a 52-week low of $19.68 and a 52-week high of $31.48. The stock has a market cap of $63.31 billion, a PE ratio of 24.56, a PEG ratio of 3.11 and a beta of 0.75.

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, meeting analysts’ consensus estimates of $0.34. The firm had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.02 billion. Kinder Morgan had a return on equity of 8.11% and a net margin of 16.67%. As a group, equities research analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were issued a $0.2925 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.11%. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s dividend payout ratio (DPR) is currently 100.86%.

Wall Street Analyst Weigh In

KMI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price objective on Kinder Morgan from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, May 6th. Scotiabank boosted their price objective on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 5th. Barclays reiterated an “overweight” rating and issued a $32.00 target price (up from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Royal Bank Of Canada boosted their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 29th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating on shares of Kinder Morgan in a research report on Monday, May 5th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.29.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total value of $508,680.00. Following the completion of the sale, the president directly owned 771,652 shares of the company’s stock, valued at approximately $21,806,885.52. This trade represents a 2.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 12.73% of the company’s stock.

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.