Asset Management One Co. Ltd. Buys 24,973 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Asset Management One Co. Ltd. boosted its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 2.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 934,884 shares of the pipeline company's stock after buying an additional 24,973 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Kinder Morgan were worth $20,652,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Northwest Investment Counselors LLC bought a new position in shares of Kinder Morgan in the third quarter worth about $28,000. HM Payson & Co. raised its position in shares of Kinder Morgan by 401.8% in the 3rd quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company's stock valued at $32,000 after acquiring an additional 1,145 shares during the period. HWG Holdings LP acquired a new stake in Kinder Morgan during the 2nd quarter worth $30,000. ZRC Wealth Management LLC acquired a new position in Kinder Morgan in the third quarter valued at about $36,000. Finally, Pathway Financial Advisers LLC bought a new stake in Kinder Morgan during the 1st quarter worth approximately $30,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Barclays raised their price target on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock an "equal weight" rating in a research note on Monday. Royal Bank of Canada raised their price target on Kinder Morgan from $24.00 to $26.00 and gave the company a "sector perform" rating in a research note on Tuesday, October 22nd. Truist Financial lifted their price target on Kinder Morgan from $22.00 to $25.00 and gave the stock a "hold" rating in a report on Thursday, October 17th. Stifel Nicolaus upped their price objective on Kinder Morgan from $22.00 to $23.00 and gave the company a "hold" rating in a research note on Tuesday, August 27th. Finally, Scotiabank boosted their target price on Kinder Morgan from $19.00 to $21.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 17th. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Kinder Morgan currently has a consensus rating of "Moderate Buy" and a consensus price target of $25.09.

Insider Transactions at Kinder Morgan

In related news, Director C Park Shaper sold 690,142 shares of the stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the completion of the sale, the director now directly owns 6,809,858 shares in the company, valued at $168,543,985.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, VP Dax Sanders sold 1,729 shares of the business's stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total transaction of $36,309.00. Following the sale, the vice president now owns 307,409 shares in the company, valued at approximately $6,455,589. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director C Park Shaper sold 690,142 shares of Kinder Morgan stock in a transaction on Monday, October 21st. The shares were sold at an average price of $24.75, for a total value of $17,081,014.50. Following the transaction, the director now owns 6,809,858 shares of the company's stock, valued at $168,543,985.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 12.64% of the stock is currently owned by insiders.

Kinder Morgan Stock Up 6.8 %

Shares of NYSE KMI traded up $1.68 during trading on Wednesday, hitting $26.39. The stock had a trading volume of 21,289,425 shares, compared to its average volume of 13,840,984. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. The firm has a fifty day moving average of $22.97 and a two-hundred day moving average of $21.04. Kinder Morgan, Inc. has a 12 month low of $16.17 and a 12 month high of $26.59. The company has a market capitalization of $58.63 billion, a PE ratio of 21.68, a PEG ratio of 2.99 and a beta of 0.91.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the previous year, the company posted $0.25 EPS. Kinder Morgan's quarterly revenue was down 5.3% compared to the same quarter last year. As a group, equities research analysts forecast that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a $0.2875 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.15 annualized dividend and a dividend yield of 4.36%. Kinder Morgan's payout ratio is currently 100.88%.

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.