Nissay Asset Management Corp Japan ADV Raises Position in Kinder Morgan, Inc. (NYSE:KMI)

Nissay Asset Management Corp Japan ADV increased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 241,990 shares of the pipeline company’s stock after purchasing an additional 4,655 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Kinder Morgan were worth $6,577,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Kinder Morgan during the 4th quarter valued at approximately $917,523,000. Raymond James Financial Inc. purchased a new position in Kinder Morgan during the fourth quarter valued at approximately $157,804,000. Blackstone Inc. boosted its position in shares of Kinder Morgan by 435.0% in the fourth quarter. Blackstone Inc. now owns 4,358,263 shares of the pipeline company’s stock worth $119,416,000 after purchasing an additional 3,543,670 shares during the period. Artisan Partners Limited Partnership purchased a new stake in shares of Kinder Morgan in the fourth quarter worth $87,729,000. Finally, Amundi raised its position in shares of Kinder Morgan by 28.9% during the 4th quarter. Amundi now owns 11,819,777 shares of the pipeline company’s stock valued at $334,381,000 after purchasing an additional 2,650,040 shares during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction on 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 completion of the transaction, the vice president now owns 220,681 shares in the company, valued at $5,881,148.65. The trade was a 25.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $28.75, for a total value of $517,500.00. Following the completion of the transaction, the president now directly owns 807,652 shares in the company, valued at $23,219,995. This trade represents a 2.18% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 129,461 shares of company stock valued at $3,503,776. 12.73% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on KMI shares. Truist Financial increased their price target on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. UBS Group upped their price objective on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Royal Bank of Canada lifted their target price on Kinder Morgan from $27.00 to $28.00 and gave the company a “sector perform” rating in a research note on Tuesday, April 29th. Barclays upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price target for the company in a research note on Monday, March 3rd. Finally, Wells Fargo & Company reiterated an “overweight” rating on shares of Kinder Morgan in a research report on Monday, May 5th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.79.

Kinder Morgan Stock Up 1.9%

Shares of NYSE KMI opened at $27.97 on Friday. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 12-month low of $18.83 and a 12-month high of $31.48. The firm’s 50-day moving average price is $27.12 and its 200-day moving average price is $27.26. The stock has a market capitalization of $62.15 billion, a price-to-earnings ratio of 23.91, a P/E/G ratio of 3.08 and a beta of 0.74.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.34. The business had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.02 billion. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. On average, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were given a dividend of $0.2925 per share. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.17 dividend on an annualized basis and a yield of 4.18%. Kinder Morgan’s payout ratio is 100.86%.

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.