Tokio Marine Asset Management Co. Ltd. Grows Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,110 shares of the pipeline company’s stock after purchasing an additional 3,374 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Kinder Morgan were worth $2,496,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Kayne Anderson Capital Advisors LP lifted its stake in shares of Kinder Morgan by 0.7% in the third quarter. Kayne Anderson Capital Advisors LP now owns 10,550,002 shares of the pipeline company’s stock worth $233,050,000 after acquiring an additional 69,307 shares in the last quarter. Barclays PLC grew its stake in Kinder Morgan by 39.9% in the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock worth $180,833,000 after purchasing an additional 2,334,273 shares in the last quarter. Bank of Montreal Can increased its holdings in Kinder Morgan by 2.2% in the third quarter. Bank of Montreal Can now owns 7,485,834 shares of the pipeline company’s stock valued at $163,116,000 after buying an additional 164,152 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in Kinder Morgan by 0.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company’s stock valued at $101,422,000 after buying an additional 29,861 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of Kinder Morgan by 30.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,007,857 shares of the pipeline company’s stock worth $88,534,000 after acquiring an additional 932,469 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

Shares of NYSE KMI opened at $27.49 on Monday. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 year high of $31.48. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.49. The stock has a fifty day moving average price of $27.97 and a two-hundred day moving average price of $24.73. The firm has a market cap of $61.06 billion, a P/E ratio of 23.49, a PEG ratio of 3.10 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share 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%. Research analysts forecast that Kinder Morgan, Inc. will post 1.28 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on KMI. Royal Bank of Canada increased their target price on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. Bank of America began coverage on Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 price target on the stock. Mizuho boosted their price objective on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. UBS Group increased their target price on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Scotiabank assumed 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 for the company. Nine analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $29.14.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the transaction, the president now owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. This trade represents a 2.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Amy W. Chronis bought 2,241 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were purchased at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the purchase, the director now owns 23,995 shares in the company, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 55,121 shares of company stock worth $1,497,000 in the last quarter. 12.64% of the stock is owned by company insiders.

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.