Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 289,877 shares of the pipeline company’s stock after purchasing an additional 18,997 shares during the period. Daiwa Securities Group Inc.’s holdings in Kinder Morgan were worth $7,942,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. increased its position 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 worth $101,422,000 after purchasing an additional 29,861 shares during the last quarter. Principal Financial Group Inc. increased its position in Kinder Morgan by 3.2% during the third quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock worth $50,624,000 after purchasing an additional 71,984 shares during the last quarter. Golden State Equity Partners increased its position in Kinder Morgan by 2,507.9% during the fourth quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company’s stock worth $450,000 after purchasing an additional 15,800 shares during the last quarter. Barclays PLC increased its position in Kinder Morgan by 39.9% during 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 during the last quarter. Finally, UMB Bank n.a. lifted its position in Kinder Morgan by 116.1% in the fourth quarter. UMB Bank n.a. now owns 210,645 shares of the pipeline company’s stock valued at $5,772,000 after buying an additional 113,173 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KMI has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Citigroup upped their target price on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Barclays raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 target price on the stock in a research report on Monday, March 3rd. JPMorgan Chase & Co. upped their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, March 5th. Finally, Morgan Stanley upped their target price on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and a consensus target price of $29.64.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $26.46 on Wednesday. Kinder Morgan, Inc. has a one year low of $17.45 and a one year high of $31.48. The company has a market cap of $58.78 billion, a PE ratio of 22.61, a P/E/G ratio of 3.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The business has a 50-day simple moving average of $27.67 and a 200-day simple moving average of $25.82.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. On average, equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s dividend payout ratio is presently 98.29%.

Insider Transactions 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 stock was 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 approximately $5,881,148.65. This trade represents a 25.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total value of $498,600.00. Following the sale, the president now directly owns 843,652 shares in the company, valued at $23,369,160.40. This trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 129,461 shares of company stock valued at $3,490,996. 12.64% of the stock is currently owned by corporate 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.