Tokio Marine Asset Management Co. Ltd. Acquires 21,600 Shares of Kinder Morgan, Inc. $KMI

Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 23.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 112,499 shares of the pipeline company’s stock after purchasing an additional 21,600 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Kinder Morgan were worth $3,185,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC acquired a new position in Kinder Morgan during the fourth quarter worth $308,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Kinder Morgan by 20.1% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 37,291 shares of the pipeline company’s stock worth $1,096,000 after purchasing an additional 6,240 shares during the last quarter. Wesbanco Bank Inc. increased its position in shares of Kinder Morgan by 26.1% during the 2nd quarter. Wesbanco Bank Inc. now owns 159,309 shares of the pipeline company’s stock worth $4,684,000 after purchasing an additional 32,940 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Kinder Morgan by 5.3% during the 2nd quarter. Parallel Advisors LLC now owns 28,449 shares of the pipeline company’s stock valued at $836,000 after purchasing an additional 1,421 shares during the last quarter. Finally, Atwood & Palmer Inc. acquired a new position in Kinder Morgan in the second quarter valued at about $118,000. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Down 0.8%

Shares of KMI opened at $26.91 on Tuesday. The stock’s fifty day simple moving average is $26.99 and its 200-day simple moving average is $27.23. The firm has a market capitalization of $59.88 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 2.24 and a beta of 0.69. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-month high of $31.48. The company has a quick ratio of 0.49, a current ratio of 0.63 and a debt-to-equity ratio of 0.98.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 EPS for the quarter, hitting analysts’ consensus estimates of $0.29. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $3.98 billion. During the same period last year, the company earned $0.25 earnings per share. The company’s 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, research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. UBS Group reaffirmed a “buy” rating and set a $38.00 price objective on shares of Kinder Morgan in a report on Friday, December 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a report on Wednesday, October 8th. Morgan Stanley set a $29.00 price objective on Kinder Morgan in a research report on Tuesday, December 23rd. Mizuho decreased their target price on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a report on Friday, November 14th. Finally, BMO Capital Markets assumed coverage on Kinder Morgan in a report on Friday, September 19th. They issued an “outperform” rating and a $32.00 price target for the company. Nine 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.com, Kinder Morgan presently has a consensus rating of “Moderate Buy” and an average target price of $31.20.

Insider Buying and Selling at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $27.49, for a total value of $169,503.34. Following the transaction, the vice president directly owned 201,204 shares in the company, valued at $5,531,097.96. This trade represents a 2.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Richard D. Kinder acquired 1,000,000 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The stock was bought at an average price of $25.96 per share, with a total value of $25,960,000.00. Following the acquisition, the chairman directly owned 246,212,353 shares of the company’s stock, valued at $6,391,672,683.88. The trade was a 0.41% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have acquired 1,004,287 shares of company stock valued at $26,072,463 and have sold 18,498 shares valued at $507,462. Insiders own 12.73% of the company’s stock.

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.