Nomura Asset Management Co. Ltd. Purchases 41,018 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Nomura Asset Management Co. Ltd. lifted its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 7.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 629,421 shares of the pipeline company's stock after acquiring an additional 41,018 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in Kinder Morgan were worth $13,904,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. SignalPoint Asset Management LLC raised its holdings in shares of Kinder Morgan by 1.5% during the third quarter. SignalPoint Asset Management LLC now owns 30,059 shares of the pipeline company's stock valued at $655,000 after purchasing an additional 447 shares during the last quarter. Moors & Cabot Inc. lifted its holdings in shares of Kinder Morgan by 0.3% during the 3rd quarter. Moors & Cabot Inc. now owns 144,529 shares of the pipeline company's stock valued at $3,193,000 after buying an additional 468 shares during the period. Trust Co. of Oklahoma boosted its stake in shares of Kinder Morgan by 1.5% in the 3rd quarter. Trust Co. of Oklahoma now owns 33,586 shares of the pipeline company's stock worth $742,000 after buying an additional 486 shares during the last quarter. Pinnacle West Asset Management Inc. grew its holdings in shares of Kinder Morgan by 0.5% in the third quarter. Pinnacle West Asset Management Inc. now owns 96,150 shares of the pipeline company's stock worth $2,124,000 after acquiring an additional 500 shares during the period. Finally, Kingsview Wealth Management LLC increased its position in Kinder Morgan by 1.0% during the third quarter. Kingsview Wealth Management LLC now owns 55,291 shares of the pipeline company's stock valued at $1,221,000 after acquiring an additional 521 shares during the last quarter. 62.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on KMI shares. Truist Financial boosted their price target on Kinder Morgan from $22.00 to $25.00 and gave the company a "hold" rating in a research note on Thursday, October 17th. Stifel Nicolaus upped their target price on shares of Kinder Morgan from $22.00 to $23.00 and gave the company a "hold" rating in a report on Tuesday, August 27th. Bank of America assumed coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They set a "buy" rating and a $27.00 price target on the stock. The Goldman Sachs Group upped their price objective on Kinder Morgan from $26.00 to $29.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Finally, Royal Bank of Canada lifted their target price on Kinder Morgan from $24.00 to $26.00 and gave the company a "sector perform" rating in a research report on Tuesday, October 22nd. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.75.

Insiders Place Their Bets

In related 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 approximately $168,543,985.50. This represents a 9.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total transaction of $492,120.00. Following the transaction, the president now directly owns 879,652 shares of the company's stock, valued at approximately $24,049,685.68. This represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 727,263 shares of company stock valued at $18,075,634 in the last quarter. 12.64% of the stock is currently owned by insiders.

Kinder Morgan Price Performance

KMI traded down $0.05 on Thursday, hitting $26.90. 10,793,817 shares of the company's stock traded hands, compared to its average volume of 13,805,613. The company's 50 day simple moving average is $26.03 and its 200-day simple moving average is $22.57. 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 one year low of $16.47 and a one year high of $28.81. The firm has a market cap of $59.76 billion, a price-to-earnings ratio of 23.60, a P/E/G ratio of 4.00 and a beta of 0.95.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) 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 business earned $0.25 EPS. The company's quarterly revenue was down 5.3% on a year-over-year basis. As a group, research analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a $0.2875 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.15 annualized dividend and a dividend yield of 4.28%. Kinder Morgan's dividend payout ratio (DPR) is 100.88%.

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.