Nomura Holdings Inc. Buys 95,334 Shares of Kinder Morgan, Inc. $KMI

Nomura Holdings Inc. lifted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 542.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 112,895 shares of the pipeline company’s stock after buying an additional 95,334 shares during the quarter. Nomura Holdings Inc.’s holdings in Kinder Morgan were worth $3,319,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of KMI. Vise Technologies Inc. purchased a new position in Kinder Morgan in the 2nd quarter worth about $1,713,000. Nordea Investment Management AB grew its stake in shares of Kinder Morgan by 9.9% in the second quarter. Nordea Investment Management AB now owns 145,988 shares of the pipeline company’s stock worth $4,270,000 after acquiring an additional 13,150 shares during the period. Rhumbline Advisers raised its holdings in shares of Kinder Morgan by 0.4% during the second quarter. Rhumbline Advisers now owns 3,928,534 shares of the pipeline company’s stock valued at $115,499,000 after purchasing an additional 14,327 shares during the last quarter. Duff & Phelps Investment Management Co. lifted its position in Kinder Morgan by 43.8% during the second quarter. Duff & Phelps Investment Management Co. now owns 2,476,564 shares of the pipeline company’s stock valued at $72,811,000 after purchasing an additional 754,689 shares during the period. Finally, Level Four Advisory Services LLC boosted its holdings in Kinder Morgan by 29.6% in the second quarter. Level Four Advisory Services LLC now owns 66,390 shares of the pipeline company’s stock worth $1,952,000 after purchasing an additional 15,180 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. BMO Capital Markets assumed coverage on shares of Kinder Morgan in a research note on Friday, September 19th. They set an “outperform” rating and a $32.00 target price for the company. Scotiabank reduced their price objective on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a research report on Friday, September 19th. Stifel Nicolaus raised their target price on Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Tuesday, November 11th. Mizuho reduced their price target on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a research report on Friday, November 14th. Finally, Jefferies Financial Group assumed coverage on shares of Kinder Morgan in a research note on Thursday, October 9th. They issued a “hold” rating and a $30.00 price objective on the stock. Nine research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $31.33.

Insider Activity

In other Kinder Morgan news, Chairman Richard D. Kinder purchased 1,000,000 shares of the firm’s stock in a transaction on Monday, October 27th. The shares were acquired at an average cost of $25.96 per share, with a total value of $25,960,000.00. Following the completion of the acquisition, the chairman directly owned 246,212,353 shares in the company, valued at $6,391,672,683.88. The trade was a 0.41% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $27.81, for a total value of $171,476.46. Following the completion of the transaction, the vice president directly owned 207,370 shares of the company’s stock, valued at approximately $5,766,959.70. This trade represents a 2.89% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have bought 1,004,287 shares of company stock worth $26,072,463 and have sold 18,498 shares worth $511,655. Insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Performance

Shares of KMI opened at $26.76 on Tuesday. The business has a 50-day simple moving average of $26.92 and a two-hundred day simple moving average of $27.35. The company has a quick ratio of 0.49, a current ratio of 0.63 and a debt-to-equity ratio of 0.98. Kinder Morgan, Inc. has a 52 week low of $23.94 and a 52 week high of $31.48. The stock has a market cap of $59.52 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 2.35 and a beta of 0.67.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $3.98 billion. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The firm’s revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were paid a $0.2925 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.4%. Kinder Morgan’s dividend payout ratio is 95.90%.

About Kinder Morgan

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.