Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 21.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,362,623 shares of the pipeline company’s stock after purchasing an additional 420,479 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.11% of Kinder Morgan worth $43,331,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. True Wealth Design LLC lifted its position in Kinder Morgan by 3,655.3% during the fourth quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock worth $25,000 after buying an additional 1,389 shares during the period. Altshuler Shaham Ltd acquired a new position in shares of Kinder Morgan during the 4th quarter valued at about $26,000. Activest Wealth Management purchased a new position in shares of Kinder Morgan during the 4th quarter worth about $30,000. OFI Invest Asset Management acquired a new stake in shares of Kinder Morgan in the first quarter worth approximately $31,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in Kinder Morgan in the first quarter valued at approximately $31,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insiders Place Their Bets

In other news, Director Michael C. Morgan sold 230,000 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the completion of the transaction, the director now directly owns 345,087 shares in the company, valued at approximately $6,494,537.34. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other 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 value of $4,328,600.00. Following the completion of the sale, the director now owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Dax Sanders sold 50,000 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total transaction of $987,500.00. Following the transaction, the vice president now directly owns 259,069 shares in the company, valued at approximately $5,116,612.75. The disclosure for this sale can be found here. 12.64% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on KMI shares. UBS Group lifted their price target on shares of Kinder Morgan from $22.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Wells Fargo & Company raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $18.00 to $22.00 in a research report on Tuesday, June 4th. Truist Financial restated a “hold” rating and issued a $20.00 price objective (down from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. Tudor Pickering upgraded Kinder Morgan to a “strong-buy” rating in a report on Thursday, May 30th. Finally, Scotiabank raised their price target on shares of Kinder Morgan from $19.00 to $21.00 and gave the company a “sector perform” rating in a report on Wednesday. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Kinder Morgan has an average rating of “Moderate Buy” and an average price target of $21.63.

Kinder Morgan Stock Up 2.5 %

Shares of KMI traded up $0.52 during mid-day trading on Friday, reaching $21.57. 10,470,359 shares of the stock traded hands, compared to its average volume of 13,940,838. The firm has a market cap of $47.87 billion, a price-to-earnings ratio of 19.14, a P/E/G ratio of 3.24 and a beta of 0.93. The stock has a fifty day simple moving average of $19.73 and a 200 day simple moving average of $18.46. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 12-month low of $15.89 and a 12-month high of $21.79.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). The firm had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $4.13 billion. Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm earned $0.24 EPS. Sell-side analysts expect 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 Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be paid a dividend of $0.2875 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $1.15 dividend on an annualized basis and a yield of 5.33%. Kinder Morgan’s dividend payout ratio (DPR) is presently 104.55%.

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.