Resona Asset Management Co. Ltd. Buys Shares of 572,223 Kinder Morgan, Inc. (NYSE:KMI)

Resona Asset Management Co. Ltd. bought a new position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 572,223 shares of the pipeline company's stock, valued at approximately $15,661,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. CX Institutional boosted its holdings in shares of Kinder Morgan by 2.3% in the 4th quarter. CX Institutional now owns 15,661 shares of the pipeline company's stock worth $429,000 after purchasing an additional 354 shares in the last quarter. Sunflower Bank N.A. lifted its holdings in shares of Kinder Morgan by 3.6% in the 4th quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company's stock worth $288,000 after acquiring an additional 367 shares during the last quarter. Ignite Planners LLC grew its holdings in shares of Kinder Morgan by 3.9% during the 4th quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company's stock valued at $282,000 after purchasing an additional 372 shares during the last quarter. Eagle Bay Advisors LLC grew its stake in shares of Kinder Morgan by 8.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company's stock valued at $142,000 after buying an additional 385 shares during the last quarter. Finally, Bristlecone Advisors LLC grew its position in Kinder Morgan by 2.6% during the 4th quarter. Bristlecone Advisors LLC now owns 15,794 shares of the pipeline company's stock worth $433,000 after acquiring an additional 400 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several research analysts recently commented on the stock. Morgan Stanley lifted their target price on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Wells Fargo & Company lifted their price objective on Kinder Morgan from $30.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. UBS Group lifted their price target on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a report on Monday, January 27th. Truist Financial raised their target price on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. Finally, Scotiabank began coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They set a "sector perform" rating and a $26.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Kinder Morgan has a consensus rating of "Moderate Buy" and an average price target of $29.64.

Kinder Morgan Stock Down 0.2 %

Kinder Morgan stock traded down $0.05 during mid-day trading on Tuesday, hitting $25.32. The company had a trading volume of 10,033,091 shares, compared to its average volume of 13,847,529. Kinder Morgan, Inc. has a 12 month low of $17.61 and a 12 month high of $31.48. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. The stock's 50 day moving average price is $27.15 and its two-hundred day moving average price is $26.67. The company has a market capitalization of $56.27 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 3.08 and a beta of 0.72.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. As a group, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a $0.2875 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.54%. Kinder Morgan's payout ratio is currently 98.29%.

Insider Activity at Kinder Morgan

In other news, VP John W. Schlosser sold 75,461 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the sale, the vice president now owns 220,681 shares of the company's stock, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total transaction of $498,600.00. Following the transaction, the president now directly owns 843,652 shares of the company's stock, valued at $23,369,160.40. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 129,461 shares of company stock valued at $3,506,116. 12.64% of the stock is owned by corporate insiders.

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.