Kinder Morgan, Inc. (NYSE:KMI) Stock Position Raised by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lifted its position in Kinder Morgan, Inc. (NYSE:KMI) by 3.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 91,110 shares of the pipeline company’s stock after buying an additional 3,374 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Kinder Morgan were worth $2,496,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in KMI. CX Institutional grew its position in Kinder Morgan by 2.3% in the fourth quarter. CX Institutional now owns 15,661 shares of the pipeline company’s stock worth $429,000 after acquiring an additional 354 shares in the last quarter. Sunflower Bank N.A. increased its holdings in shares of Kinder Morgan by 3.6% during the 4th quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company’s stock valued at $288,000 after acquiring an additional 367 shares during the last quarter. Ignite Planners LLC raised its stake in shares of Kinder Morgan by 3.9% in the 4th quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company’s stock valued at $282,000 after acquiring an additional 372 shares in the last quarter. Eagle Bay Advisors LLC lifted its holdings in Kinder Morgan by 8.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company’s stock worth $142,000 after purchasing an additional 385 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its position in Kinder Morgan by 0.5% during the third quarter. Sunbelt Securities Inc. now owns 90,560 shares of the pipeline company’s stock worth $2,000,000 after purchasing an additional 414 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analysts Set New Price Targets

KMI has been the subject of a number of analyst reports. Bank of America assumed coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They issued a “buy” rating and a $27.00 price objective for the company. Truist Financial upped their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Morgan Stanley lifted their price objective on Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Mizuho increased their price objective on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, UBS Group boosted their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Nine analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $29.14.

Kinder Morgan Stock Down 2.2 %

Shares of NYSE KMI opened at $27.49 on Monday. The stock has a market cap of $61.06 billion, a PE ratio of 23.49, a PEG ratio of 3.10 and a beta of 0.94. The business has a fifty day moving average of $27.97 and a two-hundred day moving average of $24.73. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.49. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $31.48.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) 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%. As a group, equities research analysts expect that Kinder Morgan, Inc. will post 1.28 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is 98.29%.

Insider Activity

In other news, Director Amy W. Chronis purchased 2,241 shares of Kinder Morgan stock in a transaction dated Tuesday, November 5th. The shares were bought at an average cost of $24.89 per share, with a total value of $55,778.49. Following the completion of the transaction, the director now directly owns 23,995 shares in the company, valued at $597,235.55. This trade represents a 10.30 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the sale, the president now owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,121 shares of company stock valued at $1,497,000 in the last 90 days. 12.64% of the stock is owned by company insiders.

About Kinder Morgan

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.