Tokio Marine Asset Management Co. Ltd. Purchases 2,998 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Tokio Marine Asset Management Co. Ltd. grew its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 4.3% in the 4th quarter, Holdings Channel reports. The firm owned 72,008 shares of the pipeline company’s stock after acquiring an additional 2,998 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Kinder Morgan were worth $1,270,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in KMI. Tucker Asset Management LLC bought a new position in Kinder Morgan during the 3rd quarter worth approximately $25,000. Hartford Financial Management Inc. bought a new position in Kinder Morgan during the 3rd quarter worth approximately $26,000. Activest Wealth Management bought a new stake in shares of Kinder Morgan in the 4th quarter valued at $30,000. OFI Invest Asset Management bought a new stake in shares of Kinder Morgan in the 3rd quarter valued at $33,000. Finally, Rakuten Securities Inc. bought a new stake in shares of Kinder Morgan in the 4th quarter valued at $33,000. Institutional investors own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Truist Financial reiterated a “hold” rating and issued a $20.00 price objective (down previously from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. StockNews.com lowered shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $20.20.

Insider Activity at Kinder Morgan

In related news, Director Michael C. Morgan sold 230,000 shares of the business’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the sale, the director now owns 345,087 shares of the company’s stock, valued at $6,494,537.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 12.64% of the stock is owned by corporate insiders.

Kinder Morgan Stock Performance

Kinder Morgan stock traded down $0.13 during midday trading on Friday, reaching $18.67. The stock had a trading volume of 744,270 shares, compared to its average volume of 14,132,809. Kinder Morgan, Inc. has a 12 month low of $15.89 and a 12 month high of $18.92. The firm’s 50-day moving average price is $17.95 and its 200 day moving average price is $17.46. The firm has a market capitalization of $41.44 billion, a PE ratio of 17.09, a P/E/G ratio of 5.31 and a beta of 0.90. The company has a quick ratio of 0.28, a current ratio of 0.50 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The company had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the prior year, the business earned $0.30 earnings per share. Kinder Morgan’s revenue for the quarter was down 1.2% compared to the same quarter last year. As a group, research analysts predict that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a $0.2875 dividend. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date is Monday, April 29th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.16%. Kinder Morgan’s payout ratio is presently 102.73%.

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.