Mitsubishi UFJ Asset Management Co. Ltd. Purchases 24,611 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Kinder Morgan, Inc. (NYSE:KMI) by 1.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,942,144 shares of the pipeline company’s stock after acquiring an additional 24,611 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.09% of Kinder Morgan worth $35,056,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. SageView Advisory Group LLC boosted its holdings in shares of Kinder Morgan by 3.0% during the 3rd quarter. SageView Advisory Group LLC now owns 20,607 shares of the pipeline company’s stock valued at $342,000 after buying an additional 596 shares in the last quarter. Wesbanco Bank Inc. increased its stake in shares of Kinder Morgan by 0.4% during the third quarter. Wesbanco Bank Inc. now owns 148,549 shares of the pipeline company’s stock valued at $2,463,000 after purchasing an additional 599 shares in the last quarter. Cubic Asset Management LLC lifted its holdings in shares of Kinder Morgan by 5.1% during the fourth quarter. Cubic Asset Management LLC now owns 12,292 shares of the pipeline company’s stock valued at $217,000 after purchasing an additional 600 shares during the last quarter. Argonautica Private Wealth Management Inc. boosted its position in shares of Kinder Morgan by 0.8% in the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 80,421 shares of the pipeline company’s stock worth $1,333,000 after purchasing an additional 615 shares in the last quarter. Finally, Pacifica Partners Inc. grew its stake in shares of Kinder Morgan by 0.3% in the 4th quarter. Pacifica Partners Inc. now owns 183,827 shares of the pipeline company’s stock worth $3,217,000 after buying an additional 620 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the sale, the director now 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 available through this hyperlink. 12.81% of the stock is currently owned by company insiders.

Kinder Morgan Stock Performance

NYSE:KMI traded up $0.13 during mid-day trading on Thursday, reaching $19.67. The company’s stock had a trading volume of 2,932,999 shares, compared to its average volume of 13,901,098. The firm’s fifty day moving average price is $18.36 and its two-hundred day moving average price is $17.65. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.95. The stock has a market cap of $43.66 billion, a P/E ratio of 17.90, a PEG ratio of 5.39 and a beta of 0.89. Kinder Morgan, Inc. has a 12-month low of $15.89 and a 12-month high of $19.70.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The business had revenue of $3.84 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same period in the previous year, the business earned $0.30 EPS. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, equities analysts forecast that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were issued a $0.2875 dividend. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, April 29th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.85%. Kinder Morgan’s dividend payout ratio (DPR) is presently 104.55%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on KMI shares. StockNews.com downgraded Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Truist Financial reissued a “hold” rating and set a $20.00 price objective (down from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $20.20.

Kinder Morgan 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.