Berkley W R Corp Has $139.84 Million Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Berkley W R Corp increased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 15.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,625,000 shares of the pipeline company’s stock after purchasing an additional 1,000,000 shares during the quarter. Kinder Morgan accounts for 7.8% of Berkley W R Corp’s portfolio, making the stock its 2nd biggest holding. Berkley W R Corp owned about 0.34% of Kinder Morgan worth $139,842,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KMI. True Wealth Design LLC increased its holdings in Kinder Morgan by 3,655.3% during the fourth quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock valued at $25,000 after buying an additional 1,389 shares during the last quarter. Altshuler Shaham Ltd purchased a new stake in shares of Kinder Morgan in the 4th quarter worth $26,000. Activest Wealth Management bought a new position in Kinder Morgan in the 4th quarter worth $30,000. OFI Invest Asset Management purchased a new position in Kinder Morgan during the first quarter valued at $31,000. Finally, Redmont Wealth Advisors LLC bought a new stake in Kinder Morgan during the first quarter valued at about $31,000. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Down 0.4 %

Shares of NYSE KMI traded down $0.08 during mid-day trading on Monday, reaching $21.29. 13,655,256 shares of the company were exchanged, compared to its average volume of 14,197,838. The stock has a market cap of $47.25 billion, a price-to-earnings ratio of 19.35, a P/E/G ratio of 2.90 and a beta of 0.93. The company has a quick ratio of 0.28, a current ratio of 0.37 and a debt-to-equity ratio of 0.90. The firm has a 50-day moving average of $19.99 and a 200 day moving average of $18.64. Kinder Morgan, Inc. has a 1 year low of $15.89 and a 1 year high of $21.86.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The business had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $4.13 billion. Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. Kinder Morgan’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 EPS. On average, research analysts expect that Kinder Morgan, Inc. will post 1.23 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date of this dividend is Wednesday, July 31st. Kinder Morgan’s dividend payout ratio (DPR) is presently 104.55%.

Wall Street Analysts Forecast Growth

KMI has been the subject of several research analyst reports. Barclays raised their target price on shares of Kinder Morgan from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Monday. Wells Fargo & Company raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $18.00 to $22.00 in a research note on Tuesday, June 4th. Scotiabank lifted their price objective on Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 17th. Argus upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Friday, July 19th. Finally, Tudor Pickering upgraded shares of Kinder Morgan to a “strong-buy” rating in a research report on Thursday, May 30th. Seven investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $22.11.

Insider Buying and Selling at Kinder Morgan

In other news, VP Sital K. Mody sold 21,413 shares of Kinder Morgan 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 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Sital K. Mody sold 21,413 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The shares were 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Dax Sanders sold 50,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total transaction of $987,500.00. Following the transaction, the vice president now owns 259,069 shares in the company, valued at $5,116,612.75. The disclosure for this sale can be found here. 12.64% of the stock is owned by corporate insiders.

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.