Kinder Morgan, Inc. $KMI Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 26.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 329,324 shares of the pipeline company’s stock after buying an additional 69,826 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Kinder Morgan were worth $9,323,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of KMI. Brighton Jones LLC purchased a new position in Kinder Morgan in the 4th quarter worth approximately $308,000. Woodline Partners LP increased its holdings in shares of Kinder Morgan by 40.7% in the first quarter. Woodline Partners LP now owns 163,318 shares of the pipeline company’s stock valued at $4,659,000 after purchasing an additional 47,244 shares during the last quarter. SCS Capital Management LLC purchased a new position in Kinder Morgan during the first quarter worth approximately $286,000. Intech Investment Management LLC boosted its stake in Kinder Morgan by 86.1% during the first quarter. Intech Investment Management LLC now owns 149,155 shares of the pipeline company’s stock worth $4,255,000 after buying an additional 69,014 shares during the last quarter. Finally, Acadian Asset Management LLC grew its holdings in Kinder Morgan by 170.9% in the 1st quarter. Acadian Asset Management LLC now owns 329,789 shares of the pipeline company’s stock valued at $9,402,000 after buying an additional 208,067 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $27.49, for a total value of $169,503.34. Following the completion of the transaction, the vice president directly owned 201,204 shares of the company’s stock, valued at $5,531,097.96. The trade was a 2.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Amy W. Chronis purchased 3,800 shares of the business’s stock in a transaction on Friday, October 31st. The shares were acquired at an average price of $26.23 per share, for a total transaction of $99,674.00. Following the completion of the purchase, the director directly owned 39,051 shares of the company’s stock, valued at approximately $1,024,307.73. This trade represents a 10.78% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have bought 1,004,287 shares of company stock worth $26,072,463 and have sold 18,498 shares worth $507,462. Company insiders own 12.73% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Morgan Stanley set a $29.00 price target on Kinder Morgan in a report on Tuesday, December 23rd. UBS Group reaffirmed a “buy” rating and set a $38.00 target price on shares of Kinder Morgan in a research note on Friday, December 12th. Jefferies Financial Group dropped their price target on shares of Kinder Morgan from $30.00 to $29.00 and set a “hold” rating for the company in a research note on Tuesday, December 23rd. Royal Bank Of Canada raised their price target on shares of Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a report on Thursday, November 13th. Finally, Stifel Nicolaus upped their price objective on Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a report on Tuesday, November 11th. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $31.20.

Kinder Morgan Price Performance

Shares of KMI opened at $27.14 on Friday. The firm has a 50-day simple moving average of $26.97 and a two-hundred day simple moving average of $27.25. The stock has a market cap of $60.37 billion, a PE ratio of 22.24, a P/E/G ratio of 2.24 and a beta of 0.69. Kinder Morgan, Inc. has a 1-year low of $23.94 and a 1-year high of $31.48. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.63 and a quick ratio of 0.49.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.29. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $3.98 billion. During the same quarter last year, the company posted $0.25 EPS. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were paid a $0.2925 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.3%. Kinder Morgan’s payout ratio is presently 95.90%.

Kinder Morgan Company Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.