Achmea Investment Management B.V. Purchases Shares of 123,511 Kinder Morgan, Inc. (NYSE:KMI)

Achmea Investment Management B.V. purchased a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) during the first quarter, Holdings Channel reports. The institutional investor purchased 123,511 shares of the pipeline company’s stock, valued at approximately $2,685,000.

Other large investors have also modified their holdings of the company. First Bank & Trust increased its stake in shares of Kinder Morgan by 9.4% in the first quarter. First Bank & Trust now owns 4,739 shares of the pipeline company’s stock valued at $103,000 after buying an additional 408 shares in the last quarter. Trust Co. of Vermont increased its stake in shares of Kinder Morgan by 71.5% in the first quarter. Trust Co. of Vermont now owns 6,522 shares of the pipeline company’s stock valued at $142,000 after buying an additional 2,719 shares in the last quarter. Guardian Life Insurance Co. of America increased its stake in shares of Kinder Morgan by 0.8% in the first quarter. Guardian Life Insurance Co. of America now owns 7,416 shares of the pipeline company’s stock valued at $161,000 after buying an additional 60 shares in the last quarter. Salem Investment Counselors Inc. increased its stake in shares of Kinder Morgan by 20.6% in the first quarter. Salem Investment Counselors Inc. now owns 7,959 shares of the pipeline company’s stock valued at $171,000 after buying an additional 1,359 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its stake in shares of Kinder Morgan by 8.2% in the first quarter. Quadrant Capital Group LLC now owns 9,833 shares of the pipeline company’s stock valued at $199,000 after buying an additional 742 shares in the last quarter. 57.56% of the stock is currently owned by institutional investors.

Kinder Morgan, Inc. (KMI) opened at 20.69 on Monday. The firm’s 50-day moving average is $19.11 and its 200-day moving average is $20.73. Kinder Morgan, Inc. has a 52 week low of $18.31 and a 52 week high of $23.36. The company has a market cap of $46.14 billion, a PE ratio of 68.06 and a beta of 0.63.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, July 19th. The pipeline company reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.01. The company had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.12 billion. Kinder Morgan had a net margin of 6.20% and a return on equity of 4.41%. Kinder Morgan’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.15 EPS. On average, analysts expect that Kinder Morgan, Inc. will post $0.65 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Thursday, July 27th. Kinder Morgan’s payout ratio is 161.29%.

Kinder Morgan declared that its board has initiated a stock buyback plan on Wednesday, July 19th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the pipeline company to reacquire up to 4.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

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Several equities research analysts have recently issued reports on the company. Zacks Investment Research downgraded Kinder Morgan from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Raymond James Financial, Inc. reaffirmed a “buy” rating on shares of Kinder Morgan in a research report on Wednesday, May 31st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $23.00 price target on shares of Kinder Morgan in a research report on Friday, June 23rd. TD Securities set a $26.00 price target on Kinder Morgan and gave the company a “buy” rating in a research report on Tuesday, June 20th. Finally, Sanford C. Bernstein started coverage on Kinder Morgan in a research report on Tuesday, May 16th. They set a “market perform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $24.03.

In related news, VP Dax Sanders acquired 2,600 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was acquired at an average price of $18.60 per share, with a total value of $48,360.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Richard D. Kinder acquired 500,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was bought at an average cost of $18.58 per share, with a total value of $9,290,000.00. Following the purchase, the insider now owns 234,712,353 shares in the company, valued at $4,360,955,518.74. The disclosure for this purchase can be found here. 13.99% of the stock is owned by corporate insiders.

Kinder Morgan Company Profile

Kinder Morgan, Inc is an energy infrastructure company. It operates through five segments. Its Natural Gas Pipelines segment is engaged in the ownership and operation of interstate and intrastate natural gas pipeline and storage systems, and liquefied natural gas facilities, among others. Its CO2 segment is engaged in the production, transportation and marketing of carbon dioxide (CO2) to oil fields and the ownership and operation of a crude oil pipeline system, among others.

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