Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Kinder Morgan, Inc. (NYSE:KMI) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 269,643 shares of the pipeline company’s stock after buying an additional 1,643 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Kinder Morgan were worth $4,757,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of KMI. Charles Schwab Investment Management Inc. boosted its position in Kinder Morgan by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 29,869,687 shares of the pipeline company’s stock worth $472,464,000 after purchasing an additional 87,516 shares in the last quarter. Northern Trust Corp boosted its holdings in Kinder Morgan by 3.0% during the third quarter. Northern Trust Corp now owns 22,297,204 shares of the pipeline company’s stock worth $369,688,000 after buying an additional 639,467 shares in the last quarter. Invesco Ltd. grew its position in Kinder Morgan by 29.4% during the third quarter. Invesco Ltd. now owns 21,438,556 shares of the pipeline company’s stock valued at $355,451,000 after buying an additional 4,870,444 shares during the period. Morgan Stanley increased its holdings in Kinder Morgan by 4.1% in the third quarter. Morgan Stanley now owns 20,400,093 shares of the pipeline company’s stock valued at $338,234,000 after buying an additional 796,829 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of Kinder Morgan in the third quarter worth about $99,908,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

Shares of NYSE:KMI opened at $18.82 on Tuesday. The business’s 50 day moving average price is $17.82 and its 200-day moving average price is $17.42. Kinder Morgan, Inc. has a 1 year low of $15.89 and a 1 year high of $18.92. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.50 and a quick ratio of 0.28. The firm has a market capitalization of $41.77 billion, a PE ratio of 17.11, a P/E/G ratio of 5.32 and a beta of 0.90.

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

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.2875 per share. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 annualized dividend and a dividend yield of 6.11%. The ex-dividend date of this dividend is Monday, April 29th. Kinder Morgan’s payout ratio is currently 102.73%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on KMI. Truist Financial reaffirmed a “hold” rating and issued a $20.00 price target (down previously from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. StockNews.com cut shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $20.20.

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.