Van ECK Associates Corp Purchases 36,112 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Van ECK Associates Corp lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 5.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 666,452 shares of the pipeline company's stock after buying an additional 36,112 shares during the period. Van ECK Associates Corp's holdings in Kinder Morgan were worth $14,722,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of KMI. Global Retirement Partners LLC raised its position in Kinder Morgan by 3.5% in the third quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company's stock valued at $504,000 after purchasing an additional 776 shares during the last quarter. Czech National Bank raised its holdings in Kinder Morgan by 6.9% in the 3rd quarter. Czech National Bank now owns 393,351 shares of the pipeline company's stock valued at $8,689,000 after buying an additional 25,406 shares during the last quarter. Valley National Advisers Inc. boosted its position in Kinder Morgan by 1,512.7% during the 3rd quarter. Valley National Advisers Inc. now owns 88,583 shares of the pipeline company's stock worth $1,956,000 after buying an additional 83,090 shares during the period. LSV Asset Management bought a new stake in Kinder Morgan during the 1st quarter worth approximately $8,818,000. Finally, Duality Advisers LP increased its position in Kinder Morgan by 42.7% in the 1st quarter. Duality Advisers LP now owns 317,425 shares of the pipeline company's stock valued at $5,822,000 after acquiring an additional 94,984 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Stock Up 6.6 %

NYSE KMI traded up $1.63 on Wednesday, hitting $26.34. 27,280,391 shares of the company were exchanged, compared to its average volume of 14,217,664. Kinder Morgan, Inc. has a 12 month low of $16.17 and a 12 month high of $26.58. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The company has a market cap of $58.52 billion, a PE ratio of 23.11, a PEG ratio of 3.05 and a beta of 0.91. The stock has a fifty day moving average of $23.07 and a 200-day moving average of $21.08.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the prior year, the business earned $0.25 earnings per share. The business's quarterly revenue was down 5.3% on a year-over-year basis. As a group, analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date is Thursday, October 31st. Kinder Morgan's payout ratio is 100.88%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Barclays boosted their price objective on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock an "equal weight" rating in a research note on Monday. Scotiabank increased their price target on Kinder Morgan from $19.00 to $21.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 17th. Wells Fargo & Company lifted their price objective on Kinder Morgan from $22.00 to $27.00 and gave the stock an "overweight" rating in a research note on Thursday, October 17th. The Goldman Sachs Group reissued a "conviction-buy" rating on shares of Kinder Morgan in a research report on Friday, October 18th. Finally, Bank of America began coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They issued a "buy" rating and a $27.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $25.09.

Insider Buying and Selling

In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of the business's stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total transaction of $36,309.00. Following the completion of the sale, the vice president now owns 307,409 shares in the company, valued at approximately $6,455,589. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of Kinder Morgan stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total transaction of $36,309.00. Following the completion of the transaction, the vice president now owns 307,409 shares in the company, valued at approximately $6,455,589. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director C Park Shaper sold 690,142 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $24.75, for a total value of $17,081,014.50. Following the completion of the sale, the director now directly owns 6,809,858 shares of the company's stock, valued at approximately $168,543,985.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.81% of the stock is owned by company insiders.

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.