Sumitomo Mitsui DS Asset Management Company Ltd Increases Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Kinder Morgan, Inc. (NYSE:KMI) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 299,043 shares of the pipeline company’s stock after buying an additional 8,282 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Kinder Morgan were worth $8,194,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of KMI. Diversified Trust Co purchased a new position in Kinder Morgan during the third quarter worth approximately $467,000. Daymark Wealth Partners LLC raised its stake in shares of Kinder Morgan by 19.9% during the 3rd quarter. Daymark Wealth Partners LLC now owns 12,213 shares of the pipeline company’s stock worth $270,000 after buying an additional 2,029 shares during the period. CWM LLC grew its stake in Kinder Morgan by 1.2% in the 3rd quarter. CWM LLC now owns 403,995 shares of the pipeline company’s stock valued at $8,924,000 after acquiring an additional 4,857 shares during the period. Wedmont Private Capital increased its holdings in Kinder Morgan by 4.5% in the 3rd quarter. Wedmont Private Capital now owns 31,678 shares of the pipeline company’s stock worth $747,000 after acquiring an additional 1,373 shares in the last quarter. Finally, San Luis Wealth Advisors LLC raised its position in Kinder Morgan by 111.2% during the third quarter. San Luis Wealth Advisors LLC now owns 32,672 shares of the pipeline company’s stock worth $722,000 after acquiring an additional 17,203 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total transaction of $492,120.00. Following the completion of the sale, the president now directly owns 879,652 shares of the company’s stock, valued at $24,049,685.68. This trade represents a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have sold 54,000 shares of company stock worth $1,493,100. Insiders own 12.81% of the company’s stock.

Wall Street Analysts Forecast Growth

KMI has been the subject of a number of research reports. UBS Group boosted their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Citigroup boosted their price objective on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Truist Financial lifted their price target on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating 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 note on Thursday, January 23rd. Finally, The Goldman Sachs Group lifted their target price on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Nine research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Kinder Morgan has a consensus rating of “Moderate Buy” and an average price target of $29.14.

Kinder Morgan Stock Performance

NYSE:KMI opened at $27.07 on Friday. Kinder Morgan, Inc. has a fifty-two week low of $16.47 and a fifty-two week high of $31.48. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.49. The company has a 50 day moving average price of $27.92 and a 200 day moving average price of $24.88. The stock has a market capitalization of $60.13 billion, a P/E ratio of 23.13, a PEG ratio of 3.12 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%. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.28 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be given a $0.2875 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.25%. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Kinder Morgan 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.