Mirae Asset Global Investments Co. Ltd. boosted its holdings in Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 3.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,046,963 shares of the pipeline company’s stock after purchasing an additional 150,990 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.23% of Kinder Morgan worth $86,907,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in KMI. Creative Financial Designs Inc. ADV increased its stake in Kinder Morgan by 57.6% in the second quarter. Creative Financial Designs Inc. ADV now owns 1,732 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 633 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA increased its stake in Kinder Morgan by 100.0% during the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,000 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 1,000 shares during the last quarter. Spotlight Asset Group Inc. acquired a new stake in Kinder Morgan during the second quarter worth about $34,000. Smithfield Trust Co increased its stake in Kinder Morgan by 37.8% during the second quarter. Smithfield Trust Co now owns 2,773 shares of the pipeline company’s stock worth $47,000 after acquiring an additional 761 shares during the last quarter. Finally, Larson Financial Group LLC increased its stake in Kinder Morgan by 30.1% during the first quarter. Larson Financial Group LLC now owns 2,749 shares of the pipeline company’s stock worth $48,000 after acquiring an additional 636 shares during the last quarter. 62.33% of the stock is currently owned by institutional investors and hedge funds.
Kinder Morgan Trading Up 0.8 %
Shares of KMI opened at $16.96 on Friday. The stock has a 50-day moving average price of $16.71 and a 200 day moving average price of $16.94. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $19.35. The company has a market capitalization of $37.70 billion, a P/E ratio of 15.42, a P/E/G ratio of 5.13 and a beta of 0.97. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.30 and a current ratio of 0.39.
Kinder Morgan Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were given a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a dividend yield of 6.66%. The ex-dividend date was Monday, October 30th. Kinder Morgan’s payout ratio is 102.73%.
Analysts Set New Price Targets
Several equities research analysts have commented on the company. StockNews.com assumed coverage on Kinder Morgan in a research note on Thursday, October 5th. They set a “hold” rating for the company. The Goldman Sachs Group assumed coverage on Kinder Morgan in a research note on Thursday, October 5th. They set a “buy” rating and a $20.00 price target for the company. Pickering Energy Partners assumed coverage on Kinder Morgan in a research report on Tuesday, October 3rd. They issued a “neutral” rating for the company. Finally, Stifel Nicolaus upped their target price on Kinder Morgan from $21.00 to $22.00 and gave the stock a “hold” rating in a research report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $20.38.
Kinder Morgan Company Profile
Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground 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.
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