Sumitomo Mitsui Trust Group Inc. Purchases 29,861 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 0.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,591,311 shares of the pipeline company's stock after acquiring an additional 29,861 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.21% of Kinder Morgan worth $101,422,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Apollon Wealth Management LLC lifted its holdings in Kinder Morgan by 16.8% during the 3rd quarter. Apollon Wealth Management LLC now owns 85,992 shares of the pipeline company's stock worth $1,900,000 after buying an additional 12,354 shares during the period. Nations Financial Group Inc. IA ADV boosted its stake in shares of Kinder Morgan by 2.4% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 103,730 shares of the pipeline company's stock valued at $2,291,000 after purchasing an additional 2,462 shares during the last quarter. Jaffetilchin Investment Partners LLC bought a new position in Kinder Morgan during the third quarter worth $750,000. Delta Financial Advisors LLC lifted its holdings in Kinder Morgan by 24.7% in the third quarter. Delta Financial Advisors LLC now owns 44,563 shares of the pipeline company's stock valued at $984,000 after buying an additional 8,820 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new stake in Kinder Morgan during the 3rd quarter worth about $42,000. Institutional investors own 62.52% of the company's stock.

Analysts Set New Price Targets

KMI has been the subject of several research analyst reports. Argus upgraded shares of Kinder Morgan from a "hold" rating to a "buy" rating and set a $24.00 price objective for the company in a research note on Friday, July 19th. Wells Fargo & Company boosted their target price on Kinder Morgan from $22.00 to $27.00 and gave the company an "overweight" rating in a research report on Thursday, October 17th. Scotiabank increased their price target on Kinder Morgan from $19.00 to $21.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 17th. Stifel Nicolaus boosted their price objective on Kinder Morgan from $22.00 to $23.00 and gave the company a "hold" rating in a report on Tuesday, August 27th. Finally, Truist Financial lifted their price target on shares of Kinder Morgan from $22.00 to $25.00 and gave the company a "hold" rating in a research report on Thursday, October 17th. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Kinder Morgan presently has an average rating of "Moderate Buy" and a consensus price target of $25.09.

Kinder Morgan Stock Performance

Shares of NYSE:KMI traded down $0.08 during midday trading on Thursday, reaching $26.72. The company had a trading volume of 4,077,173 shares, compared to its average volume of 13,852,705. The stock has a market cap of $59.36 billion, a P/E ratio of 23.47, a P/E/G ratio of 3.74 and a beta of 0.91. The company's 50 day moving average price is $23.61 and its 200 day moving average price is $21.36. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $27.58.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.27 by ($0.02). The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The company's revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period last year, the firm posted $0.25 EPS. As a group, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.30%. The ex-dividend date of this dividend is Thursday, October 31st. Kinder Morgan's dividend payout ratio (DPR) is presently 100.88%.

Insiders Place Their Bets

In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of the stock in a transaction on 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 sale, the director now owns 6,809,858 shares in the company, valued at $168,543,985.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director C Park Shaper sold 690,142 shares of the business's stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the completion of the transaction, the director now owns 6,809,858 shares of the company's stock, valued at approximately $168,543,985.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Thomas A. Martin sold 19,121 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total transaction of $502,499.88. Following the completion of the sale, the president now owns 897,652 shares in the company, valued at $23,590,294.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 12.64% of the company's stock.

Kinder Morgan Company 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.