Mitsubishi UFJ Trust & Banking Corp Reduces Holdings in Kinder Morgan, Inc. $KMI

Mitsubishi UFJ Trust & Banking Corp lowered its position in Kinder Morgan, Inc. (NYSE:KMI) by 3.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 856,823 shares of the pipeline company’s stock after selling 32,029 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Kinder Morgan were worth $24,257,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Kinder Morgan during the 2nd quarter valued at approximately $1,162,802,000. Merewether Investment Management LP bought a new stake in Kinder Morgan during the 2nd quarter valued at $138,477,000. 59 North Capital Management LP boosted its holdings in shares of Kinder Morgan by 54.5% in the second quarter. 59 North Capital Management LP now owns 10,597,380 shares of the pipeline company’s stock worth $311,563,000 after acquiring an additional 3,739,398 shares during the period. Marshall Wace LLP raised its stake in shares of Kinder Morgan by 364.8% during the 2nd quarter. Marshall Wace LLP now owns 4,165,348 shares of the pipeline company’s stock valued at $122,461,000 after purchasing an additional 3,269,284 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Kinder Morgan by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 207,219,481 shares of the pipeline company’s stock worth $6,092,253,000 after purchasing an additional 3,070,609 shares during the period. Institutional investors own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on KMI shares. Mizuho lowered their price target on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a report on Friday, November 14th. UBS Group reissued a “buy” rating and issued a $38.00 price target on shares of Kinder Morgan in a report on Friday, December 12th. Scotiabank upped their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “sector perform” rating in a report on Friday. Jefferies Financial Group lifted their price objective on Kinder Morgan from $29.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday. Finally, TD Cowen raised their price target on Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a report on Thursday. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $32.07.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, CFO David Patrick Michels sold 20,000 shares of Kinder Morgan stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $30.00, for a total transaction of $600,000.00. Following the transaction, the chief financial officer directly owned 139,428 shares of the company’s stock, valued at approximately $4,182,840. This trade represents a 12.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $27.49, for a total transaction of $169,503.34. Following the completion of the sale, the vice president directly owned 201,204 shares of the company’s stock, valued at $5,531,097.96. This trade represents a 2.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 38,498 shares of company stock worth $1,107,462 over the last ninety days. Insiders own 12.73% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $29.32 on Tuesday. Kinder Morgan, Inc. has a one year low of $23.94 and a one year high of $30.18. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.64 and a quick ratio of 0.49. The firm has a market capitalization of $65.22 billion, a price-to-earnings ratio of 21.40, a PEG ratio of 2.40 and a beta of 0.69. The company’s fifty day moving average price is $27.32 and its 200-day moving average price is $27.23.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The business had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.33 billion. During the same quarter in the prior year, the firm earned $0.30 earnings per share. The firm’s revenue was up 13.1% on a year-over-year basis. On average, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd will be paid a $0.2925 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $1.17 annualized dividend and a yield of 4.0%. Kinder Morgan’s dividend payout ratio is currently 85.40%.

Kinder Morgan 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.