Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by FUKOKU MUTUAL LIFE INSURANCE Co

FUKOKU MUTUAL LIFE INSURANCE Co decreased its position in Kinder Morgan, Inc. (NYSE:KMI) by 31.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,040 shares of the pipeline company’s stock after selling 5,073 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Kinder Morgan were worth $302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KMI. Allspring Global Investments Holdings LLC boosted its holdings in shares of Kinder Morgan by 2.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 100,386 shares of the pipeline company’s stock valued at $2,218,000 after acquiring an additional 2,456 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Kinder Morgan by 30.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 121,106 shares of the pipeline company’s stock valued at $2,639,000 after buying an additional 28,278 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Kinder Morgan by 0.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 215,737 shares of the pipeline company’s stock worth $4,766,000 after purchasing an additional 1,500 shares in the last quarter. Pallas Capital Advisors LLC boosted its holdings in Kinder Morgan by 17.2% during the third quarter. Pallas Capital Advisors LLC now owns 21,542 shares of the pipeline company’s stock worth $476,000 after buying an additional 3,155 shares in the last quarter. Finally, Evermay Wealth Management LLC grew its position in shares of Kinder Morgan by 3.2% during the 3rd quarter. Evermay Wealth Management LLC now owns 35,657 shares of the pipeline company’s stock valued at $788,000 after acquiring an additional 1,095 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on KMI shares. Barclays raised their price objective on Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. UBS Group lifted their price target on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Morgan Stanley increased their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Mizuho raised their target price on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, Truist Financial lifted their target price on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.14.

Insider Activity at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the sale, the president now owns 861,652 shares in the company, valued at approximately $24,048,707.32. The trade was a 2.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John W. Schlosser sold 75,461 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the completion of the transaction, the vice president now directly owns 220,681 shares in the company, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 129,461 shares of company stock valued at $3,504,136 over the last quarter. 12.64% of the stock is owned by insiders.

Kinder Morgan Trading Up 0.2 %

NYSE KMI opened at $26.16 on Thursday. Kinder Morgan, Inc. has a one year low of $17.02 and a one year high of $31.48. The firm has a 50 day simple moving average of $27.76 and a 200-day simple moving average of $25.44. The firm has a market cap of $58.12 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 3.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. Equities research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a dividend of $0.2875 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.40%. Kinder Morgan’s dividend payout ratio (DPR) is currently 98.29%.

About Kinder Morgan

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.