Tokio Marine Asset Management Co. Ltd. Purchases 2,998 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 4.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 72,008 shares of the pipeline company’s stock after acquiring an additional 2,998 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Kinder Morgan were worth $1,270,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Czech National Bank lifted its holdings in Kinder Morgan by 45.0% during the 3rd quarter. Czech National Bank now owns 338,810 shares of the pipeline company’s stock worth $5,617,000 after purchasing an additional 105,196 shares in the last quarter. Jmac Enterprises LLC purchased a new position in shares of Kinder Morgan during the 3rd quarter valued at about $172,000. McGlone Suttner Wealth Management Inc. raised its holdings in shares of Kinder Morgan by 5.5% during the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 14,108 shares of the pipeline company’s stock valued at $234,000 after buying an additional 737 shares in the last quarter. Chronos Wealth Management LLC raised its holdings in shares of Kinder Morgan by 2.7% during the 3rd quarter. Chronos Wealth Management LLC now owns 22,700 shares of the pipeline company’s stock valued at $376,000 after buying an additional 600 shares in the last quarter. Finally, KRS Capital Management LLC grew its position in Kinder Morgan by 10.5% during the 3rd quarter. KRS Capital Management LLC now owns 15,684 shares of the pipeline company’s stock worth $260,000 after acquiring an additional 1,490 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In related news, Director Michael C. Morgan sold 230,000 shares of the business’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $18.82, for a total value of $4,328,600.00. Following the sale, the director now directly owns 345,087 shares in the company, valued at $6,494,537.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Down 0.7 %

Shares of KMI stock traded down $0.13 during mid-day trading on Friday, hitting $18.67. The company’s stock had a trading volume of 744,270 shares, compared to its average volume of 14,132,809. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $18.92. The business has a 50-day moving average price of $17.95 and a 200 day moving average price of $17.46. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.28 and a current ratio of 0.50. The stock has a market cap of $41.44 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 5.31 and a beta of 0.90.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The company had revenue of $3.84 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same quarter in the previous year, the company posted $0.30 earnings per share. Kinder Morgan’s revenue was down 1.2% compared to the same quarter last year. Research analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 6.16%. The ex-dividend date of this dividend is Monday, April 29th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s payout ratio is currently 102.73%.

Analyst Upgrades and Downgrades

KMI has been the topic of several recent research reports. StockNews.com lowered Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Truist Financial reiterated a “hold” rating and issued a $20.00 price objective (down from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.20.

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.