Van ECK Associates Corp Buys 69,071 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Van ECK Associates Corp increased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 10.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 735,523 shares of the pipeline company’s stock after acquiring an additional 69,071 shares during the quarter. Van ECK Associates Corp’s holdings in Kinder Morgan were worth $20,153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of KMI. Creative Planning grew its position in Kinder Morgan by 5.2% during the 3rd quarter. Creative Planning now owns 412,376 shares of the pipeline company’s stock worth $9,109,000 after acquiring an additional 20,468 shares during the last quarter. SeaCrest Wealth Management LLC grew its position in shares of Kinder Morgan by 9.4% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 20,711 shares of the pipeline company’s stock worth $457,000 after buying an additional 1,778 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of Kinder Morgan in the 3rd quarter worth approximately $75,000. Good Life Advisors LLC grew its position in shares of Kinder Morgan by 5.6% in the 3rd quarter. Good Life Advisors LLC now owns 17,279 shares of the pipeline company’s stock worth $382,000 after buying an additional 924 shares during the last quarter. Finally, Global Retirement Partners LLC grew its position in shares of Kinder Morgan by 3.5% in the 3rd quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company’s stock worth $504,000 after buying an additional 776 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the transaction, the president now owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 54,000 shares of company stock valued at $1,493,100. 12.64% of the stock is owned by company insiders.

Kinder Morgan Stock Up 0.2 %

KMI stock opened at $26.61 on Friday. Kinder Morgan, Inc. has a 1-year low of $16.51 and a 1-year high of $31.48. The business has a fifty day moving average price of $27.82 and a 200-day moving average price of $25.06. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.35. The stock has a market capitalization of $59.11 billion, a P/E ratio of 22.74, a P/E/G ratio of 3.16 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. Equities analysts forecast that Kinder Morgan, Inc. will post 1.23 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan’s dividend payout ratio is 98.29%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on KMI. Citigroup lifted their price objective on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. UBS Group lifted their price target on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Morgan Stanley lifted their price target on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Royal Bank of Canada lifted their price objective on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company lifted their price objective on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Nine investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned 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 $29.14.

Kinder Morgan Company 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.