Ilmarinen Mutual Pension Insurance Co Has $11.92 Million Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Ilmarinen Mutual Pension Insurance Co boosted its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 27.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 435,000 shares of the pipeline company's stock after purchasing an additional 95,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in Kinder Morgan were worth $11,919,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of KMI. Vanguard Group Inc. increased its position in Kinder Morgan by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 202,846,078 shares of the pipeline company's stock worth $5,557,983,000 after purchasing an additional 1,469,759 shares in the last quarter. Geode Capital Management LLC boosted its position in Kinder Morgan by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 51,759,844 shares of the pipeline company's stock worth $1,414,813,000 after purchasing an additional 1,252,609 shares during the period. Norges Bank bought a new position in Kinder Morgan during the 4th quarter valued at $917,523,000. Bank of New York Mellon Corp raised its stake in shares of Kinder Morgan by 8.6% in the 4th quarter. Bank of New York Mellon Corp now owns 13,734,753 shares of the pipeline company's stock valued at $376,332,000 after purchasing an additional 1,093,242 shares in the last quarter. Finally, Amundi lifted its holdings in Kinder Morgan by 28.9% during the 4th quarter. Amundi now owns 11,819,777 shares of the pipeline company's stock worth $334,381,000 after buying an additional 2,650,040 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

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Kinder Morgan Stock Performance

Shares of NYSE KMI traded up $0.02 during midday trading on Monday, reaching $25.31. 23,811,695 shares of the company traded hands, compared to its average volume of 13,861,406. The stock has a 50-day moving average price of $27.20 and a 200 day moving average price of $26.65. The company has a market cap of $56.25 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 3.08 and a beta of 0.72. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. Kinder Morgan, Inc. has a 52 week low of $17.61 and a 52 week high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.54%. The ex-dividend date was Monday, February 3rd. Kinder Morgan's dividend payout ratio (DPR) is presently 98.29%.

Insider Transactions at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $28.75, for a total value of $517,500.00. Following the transaction, the president now directly owns 807,652 shares in the company, valued at $23,219,995. The trade was a 2.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP John W. Schlosser sold 75,461 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total value of $2,011,035.65. Following the sale, the vice president now directly owns 220,681 shares of the company's stock, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 129,461 shares of company stock valued at $3,506,116. Corporate insiders own 12.64% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a "neutral" rating in a research note on Wednesday, March 5th. Citigroup boosted their price objective 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. Wells Fargo & Company raised their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Morgan Stanley upped their target price on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Finally, Royal Bank of Canada raised their price target on Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a report on Monday, March 3rd. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $29.64.

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.