First Interstate Bank boosted its position in Kinder Morgan Inc (NYSE:KMI) by 9.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,320 shares of the pipeline company’s stock after acquiring an additional 2,691 shares during the quarter. First Interstate Bank’s holdings in Kinder Morgan were worth $482,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KMI. Atria Investments LLC bought a new position in Kinder Morgan in the third quarter valued at $340,000. Personal Capital Advisors Corp increased its stake in Kinder Morgan by 6.2% in the third quarter. Personal Capital Advisors Corp now owns 2,289,385 shares of the pipeline company’s stock valued at $40,591,000 after acquiring an additional 134,608 shares during the last quarter. Factory Mutual Insurance Co. increased its stake in Kinder Morgan by 2.6% in the third quarter. Factory Mutual Insurance Co. now owns 2,008,600 shares of the pipeline company’s stock valued at $35,612,000 after acquiring an additional 51,100 shares during the last quarter. DNB Asset Management AS increased its stake in Kinder Morgan by 2.4% in the third quarter. DNB Asset Management AS now owns 270,522 shares of the pipeline company’s stock valued at $4,796,000 after acquiring an additional 6,249 shares during the last quarter. Finally, Clinton Group Inc. bought a new position in Kinder Morgan in the third quarter valued at $498,000. 60.81% of the stock is currently owned by institutional investors and hedge funds.

NYSE KMI opened at $18.35 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.76 and a debt-to-equity ratio of 0.98. Kinder Morgan Inc has a 12-month low of $14.62 and a 12-month high of $18.67. The stock has a market cap of $40.48 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 2.47 and a beta of 0.89.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, January 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. Kinder Morgan had a net margin of 11.38% and a return on equity of 5.86%. The business had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same period in the prior year, the business posted $0.21 earnings per share. The company’s revenue was up 4.1% on a year-over-year basis. Sell-side analysts predict that Kinder Morgan Inc will post 0.99 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Thursday, January 31st will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, January 30th. This represents a $0.80 annualized dividend and a yield of 4.36%. Kinder Morgan’s payout ratio is 89.89%.

KMI has been the topic of a number of research analyst reports. TheStreet raised Kinder Morgan from a “c” rating to a “b-” rating in a research note on Wednesday, January 16th. Argus reissued a “buy” rating and issued a $23.00 target price on shares of Kinder Morgan in a research note on Tuesday, January 22nd. Jefferies Financial Group raised Kinder Morgan from a “hold” rating to a “buy” rating in a research note on Thursday, December 20th. Mizuho initiated coverage on Kinder Morgan in a research note on Wednesday, November 28th. They issued a “buy” rating and a $22.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Wednesday, October 24th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $21.08.

In other news, Chairman Richard D. Kinder bought 100,000 shares of the company’s stock in a transaction dated Thursday, January 31st. The stock was bought at an average cost of $18.05 per share, for a total transaction of $1,805,000.00. Following the completion of the acquisition, the chairman now owns 235,427,613 shares in the company, valued at approximately $4,249,468,414.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Richard D. Kinder bought 50,000 shares of the company’s stock in a transaction dated Tuesday, January 29th. The shares were purchased at an average price of $17.92 per share, with a total value of $896,000.00. Following the completion of the acquisition, the insider now owns 235,262,353 shares of the company’s stock, valued at approximately $4,215,901,365.76. The disclosure for this purchase can be found here. Corporate insiders own 14.16% of the company’s stock.

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Kinder Morgan Profile

Kinder Morgan, Inc operates as an energy infrastructure company in North America. It operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, and Kinder Morgan Canada segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline and storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.

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

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