Mitsubishi UFJ Asset Management Co. Ltd. Purchases 193,223 Shares of Kinder Morgan, Inc. $KMI

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 5.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,931,523 shares of the pipeline company’s stock after purchasing an additional 193,223 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.18% of Kinder Morgan worth $111,301,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KMI. LFA Lugano Financial Advisors SA bought a new stake in shares of Kinder Morgan during the second quarter valued at approximately $26,000. CoreFirst Bank & Trust purchased a new position in Kinder Morgan during the second quarter valued at $35,000. Private Wealth Management Group LLC grew its stake in Kinder Morgan by 94.9% during the third quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock valued at $35,000 after acquiring an additional 595 shares in the last quarter. Westside Investment Management Inc. increased its holdings in Kinder Morgan by 314.6% in the 3rd quarter. Westside Investment Management Inc. now owns 1,360 shares of the pipeline company’s stock valued at $38,000 after acquiring an additional 1,032 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in Kinder Morgan in the 2nd quarter worth $40,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Stock Performance

NYSE:KMI opened at $33.04 on Friday. The firm has a market capitalization of $73.51 billion, a PE ratio of 24.12, a PEG ratio of 2.70 and a beta of 0.70. The stock’s fifty day moving average is $29.36 and its 200 day moving average is $27.84. Kinder Morgan, Inc. has a fifty-two week low of $23.94 and a fifty-two week high of $33.24. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.50 and a current ratio of 0.64.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The company had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same period in the previous year, the firm earned $0.30 earnings per share. Kinder Morgan’s quarterly revenue was up 13.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 2nd were given a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Monday, February 2nd. Kinder Morgan’s dividend payout ratio is 85.40%.

Analyst Ratings Changes

KMI has been the topic of several research reports. Royal Bank Of Canada lifted their target price on Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a report on Thursday, November 13th. TD Cowen lifted their price objective on Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Morgan Stanley reaffirmed a “buy” rating on shares of Kinder Morgan in a report on Friday, January 30th. Stifel Nicolaus raised their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a report on Tuesday, November 11th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a research note on Thursday, January 22nd. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $32.38.

Insiders Place Their Bets

In related news, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $27.49, for a total transaction of $169,503.34. Following the completion of the transaction, the vice president owned 201,204 shares in the company, 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 Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David Patrick Michels sold 20,000 shares of the stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $30.00, for a total value of $600,000.00. Following the completion of the sale, the chief financial officer owned 139,428 shares in the company, valued at approximately $4,182,840. The trade was a 12.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 46,498 shares of company stock worth $1,382,115 over the last three months. 12.73% of the stock is currently owned by corporate insiders.

About Kinder Morgan

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.