Generali Investments CEE investicni spolecnost a.s. Invests $520,000 in Kinder Morgan, Inc. (NYSE:KMI)

Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) in the fourth quarter, HoldingsChannel reports. The fund acquired 18,960 shares of the pipeline company’s stock, valued at approximately $520,000.

A number of other large investors have also recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Kinder Morgan by 0.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company’s stock valued at $101,422,000 after acquiring an additional 29,861 shares during the period. Principal Financial Group Inc. raised its stake in Kinder Morgan by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock valued at $50,624,000 after acquiring an additional 71,984 shares in the last quarter. Golden State Equity Partners grew its stake in shares of Kinder Morgan by 2,507.9% in the fourth quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company’s stock worth $450,000 after purchasing an additional 15,800 shares in the last quarter. Barclays PLC raised its stake in shares of Kinder Morgan by 39.9% during the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock valued at $180,833,000 after purchasing an additional 2,334,273 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in Kinder Morgan by 116.1% in the fourth quarter. UMB Bank n.a. now owns 210,645 shares of the pipeline company’s stock worth $5,772,000 after purchasing an additional 113,173 shares during the period. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Down 0.6 %

NYSE:KMI opened at $26.14 on Friday. Kinder Morgan, Inc. has a 52 week low of $17.45 and a 52 week high of $31.48. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The company has a fifty day moving average of $27.71 and a 200 day moving average of $25.72. The firm has a market capitalization of $58.09 billion, a P/E ratio of 22.35, a P/E/G ratio of 3.08 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. On average, research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.40%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s dividend payout ratio is currently 98.29%.

Insider Buying and Selling

In related news, VP John W. Schlosser sold 75,461 shares of the firm’s 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 completion of the transaction, the vice president now directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 sale, the president now directly owns 843,652 shares in the company, valued at $23,369,160.40. This trade represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock valued at $3,490,996 over the last 90 days. Company insiders own 12.64% of the company’s stock.

Wall Street Analysts Forecast Growth

KMI has been the topic of a number of recent analyst reports. Citigroup boosted their price target on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Barclays raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price target for the company in a research note on Monday, March 3rd. Mizuho boosted their price objective on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. raised their target price on Kinder Morgan from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Morgan Stanley boosted their price target on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Kinder Morgan currently 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.