Canada Post Corp Registered Pension Plan Invests $848,000 in Kinder Morgan, Inc. (NYSE:KMI)

Canada Post Corp Registered Pension Plan acquired a new position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 30,953 shares of the pipeline company's stock, valued at approximately $848,000.

Several other institutional investors have also recently made changes to their positions in the company. Hurley Capital LLC purchased a new position in Kinder Morgan in the fourth quarter worth $25,000. Retirement Wealth Solutions LLC purchased a new position in shares of Kinder Morgan in the 4th quarter worth about $25,000. Centricity Wealth Management LLC bought a new position in Kinder Morgan during the fourth quarter valued at about $25,000. Modus Advisors LLC purchased a new stake in Kinder Morgan during the fourth quarter worth about $27,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Kinder Morgan during the 4th quarter valued at approximately $29,000. Institutional investors own 62.52% of the company's stock.

Kinder Morgan Price Performance

Shares of KMI traded up $0.14 during trading hours on Friday, reaching $27.09. 22,873,718 shares of the company's stock traded hands, compared to its average volume of 13,913,188. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. The firm's 50 day simple moving average is $26.94 and its 200-day simple moving average is $26.96. The stock has a market cap of $60.19 billion, a PE ratio of 23.15, a price-to-earnings-growth ratio of 3.08 and a beta of 0.72. Kinder Morgan, Inc. has a 12 month low of $18.13 and a 12 month high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, hitting analysts' consensus estimates of $0.34. The business had revenue of $4.24 billion during the quarter, compared to analysts' expectations of $4.02 billion. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. Equities analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.2925 per share. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 30th. This represents a $1.17 dividend on an annualized basis and a yield of 4.32%. Kinder Morgan's dividend payout ratio (DPR) is presently 99.14%.

Insiders Place Their Bets

In related news, VP John W. Schlosser sold 75,461 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the transaction, the vice president now owns 220,681 shares of the company's stock, valued at approximately $5,881,148.65. This trade represents a 25.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total value of $498,600.00. Following the completion of the transaction, the president now owns 843,652 shares in the company, valued at approximately $23,369,160.40. This represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 129,461 shares of company stock valued at $3,506,116 over the last 90 days. Insiders own 12.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KMI. Scotiabank initiated coverage on Kinder Morgan in a research report on Friday, January 10th. They set a "sector perform" rating and a $26.00 price target on the stock. Mizuho increased their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Citigroup boosted their price target on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Barclays upgraded shares of Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price objective for the company in a research note on Monday, March 3rd. Finally, UBS Group increased their target price on Kinder Morgan from $34.00 to $38.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Kinder Morgan presently has a consensus rating of "Moderate Buy" and an average target price of $29.64.

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.