Asset Management One Co. Ltd. Has $24.79 Million Position in Kinder Morgan, Inc. (NYSE:KMI)

Asset Management One Co. Ltd. reduced its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 2.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 911,910 shares of the pipeline company’s stock after selling 22,974 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Kinder Morgan were worth $24,786,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Investment Partners Asset Management Inc. raised its holdings in Kinder Morgan by 3.4% in the fourth quarter. Investment Partners Asset Management Inc. now owns 34,530 shares of the pipeline company’s stock worth $946,000 after purchasing an additional 1,124 shares during the period. G&S Capital LLC acquired a new stake in Kinder Morgan in the fourth quarter worth $243,000. Avestar Capital LLC raised its holdings in Kinder Morgan by 8.6% in the fourth quarter. Avestar Capital LLC now owns 12,722 shares of the pipeline company’s stock worth $349,000 after purchasing an additional 1,006 shares during the period. Consolidated Planning Corp raised its holdings in Kinder Morgan by 0.5% in the fourth quarter. Consolidated Planning Corp now owns 296,148 shares of the pipeline company’s stock worth $8,114,000 after purchasing an additional 1,564 shares during the period. Finally, Van ECK Associates Corp raised its holdings in Kinder Morgan by 10.4% in the fourth quarter. Van ECK Associates Corp now owns 735,523 shares of the pipeline company’s stock worth $20,153,000 after purchasing an additional 69,071 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Barclays increased their target price on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Citigroup raised their price objective on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Truist Financial raised their price objective on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Royal Bank of Canada raised their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. Finally, Scotiabank initiated coverage on shares of Kinder Morgan in a report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price objective on the stock. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.14.

Kinder Morgan Stock Up 0.2 %

Kinder Morgan stock opened at $26.61 on Friday. The company has a market cap of $59.11 billion, a P/E ratio of 22.74, a price-to-earnings-growth ratio of 3.16 and a beta of 0.94. Kinder Morgan, Inc. has a 1-year low of $16.51 and a 1-year high of $31.48. The company has a fifty day simple moving average of $27.82 and a 200 day simple moving average of $25.06. The company has a current ratio of 0.49, a quick ratio of 0.35 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. Research analysts anticipate that Kinder Morgan, Inc. will post 1.23 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date is Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Insider Activity

In other news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the transaction, the president now owns 861,652 shares of the company’s stock, valued at $24,048,707.32. This trade represents a 2.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 54,000 shares of company stock valued at $1,493,100 in the last quarter. Company insiders own 12.64% of the company’s stock.

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.