Mirae Asset Global Investments Co. Ltd. Makes New $15.54 Million Investment in Kinder Morgan, Inc. $KMI

Mirae Asset Global Investments Co. Ltd. bought a new position in Kinder Morgan, Inc. (NYSE:KMI – Free Report) in the 3rd quarter, Holdings Channel.com reports. The firm bought 515,401 shares of the pipeline company’s stock, valued at approximately $15,539,000.

Other institutional investors have also added to or reduced their stakes in the company. Oak Family Advisors LLC purchased a new position in shares of Kinder Morgan during the 2nd quarter valued at about $3,627,000. State Street Corp boosted its stake in Kinder Morgan by 4.3% in the second quarter. State Street Corp now owns 130,863,419 shares of the pipeline company’s stock worth $4,183,704,000 after buying an additional 5,361,578 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Kinder Morgan in the first quarter worth approximately $3,406,000. Envestnet Asset Management Inc. grew its position in Kinder Morgan by 0.8% during the second quarter. Envestnet Asset Management Inc. now owns 5,122,523 shares of the pipeline company’s stock valued at $163,766,000 after acquiring an additional 38,739 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Kinder Morgan by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 17,237,384 shares of the pipeline company’s stock valued at $577,998,000 after acquiring an additional 448,130 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling at Kinder Morgan

In related news, VP Michael Garthwaite sold 1,550 shares of the firm’s stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $33.65, for a total value of $52,157.50. Following the sale, the vice president directly owned 47,313 shares of the company’s stock, valued at $1,592,082.45. This trade represents a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 12.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on KMI shares. Citigroup lifted their price target on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock a “neutral” rating in a research note on Friday, October 23rd. Mizuho increased their target price on shares of Kinder Morgan from $37.00 to $39.00 and gave the company an “outperform” rating in a report on Thursday, October 22nd. Royal Bank Of Canada increased their target price on shares of Kinder Morgan from $36.00 to $38.00 and gave the company a “sector perform” rating in a report on Wednesday, October 28th. Jefferies Financial Group lifted their target price on shares of Kinder Morgan from $33.00 to $37.00 and gave the stock a “hold” rating in a research report on Thursday, October 22nd. Finally, UBS Group reissued a “buy” rating on shares of Kinder Morgan in a research note on Tuesday, October 27th. Twelve equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $37.15.

View Our Latest Research Report on Kinder Morgan

Kinder Morgan Trading Up 0.6%

NYSE:KMI opened at $32.90 on Wednesday. The company has a fifty day moving average of $32.13 and a 200 day moving average of $32.08. Kinder Morgan, Inc. has a 52 week low of $25.66 and a 52 week high of $34.81. The company has a quick ratio of 0.55, a current ratio of 0.67 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $73.29 billion, a P/E ratio of 20.31, a P/E/G ratio of 2.28 and a beta of 0.58.

Kinder Morgan (NYSE:KMI – Get Free Report) last announced its quarterly earnings results 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 business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.37 billion. Kinder Morgan had a net margin of 19.64% and a return on equity of 10.84%. During the same quarter last year, the firm earned $0.29 EPS. The company’s revenue was up 9.3% on a year-over-year basis. On average, research analysts predict that Kinder Morgan, Inc. will post 1.57 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 2nd will be issued a dividend of $0.2975 per share. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Monday, November 2nd. Kinder Morgan’s dividend payout ratio is currently 73.46%.

Kinder Morgan Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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