Mitsubishi UFJ Trust & Banking Corp Sells 32,029 Shares of Kinder Morgan, Inc. $KMI

Mitsubishi UFJ Trust & Banking Corp decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.6% in the 3rd quarter, according to the company in its most recent 13F 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 also recently modified their holdings of the company. Davis Capital Management acquired a new stake in Kinder Morgan in the third quarter worth $1,426,000. Carnegie Investment Counsel grew its stake in shares of Kinder Morgan by 9.8% in the 3rd quarter. Carnegie Investment Counsel now owns 755,295 shares of the pipeline company’s stock valued at $21,382,000 after buying an additional 67,274 shares during the period. Vise Technologies Inc. bought a new stake in Kinder Morgan in the 2nd quarter valued at about $1,713,000. Westwood Holdings Group Inc. boosted its holdings in Kinder Morgan by 9.6% in the second quarter. Westwood Holdings Group Inc. now owns 7,058,772 shares of the pipeline company’s stock worth $207,528,000 after acquiring an additional 616,679 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in Kinder Morgan by 722.4% in the third quarter. Nordea Investment Management AB now owns 1,200,668 shares of the pipeline company’s stock valued at $33,937,000 after acquiring an additional 1,054,680 shares during the period. 62.52% of the stock is owned by institutional investors.

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 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. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Amy W. Chronis purchased 3,800 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The stock was bought at an average cost of $26.23 per share, for a total transaction of $99,674.00. Following the completion of the acquisition, the director directly owned 39,051 shares in the company, valued at $1,024,307.73. The trade was a 10.78% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold 38,498 shares of company stock worth $1,107,462 in the last quarter. 12.73% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

KMI has been the topic of a number of research reports. Scotiabank upped their target price on Kinder Morgan from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Friday. TD Cowen upped their price objective on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday. Morgan Stanley set a $35.00 price objective on shares of Kinder Morgan in a report on Thursday. UBS Group restated a “buy” rating and issued a $38.00 target price on shares of Kinder Morgan in a report on Friday, December 12th. Finally, Stifel Nicolaus boosted their price objective on Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Tuesday, November 11th. Eight analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $32.07.

Kinder Morgan Price Performance

KMI opened at $29.32 on Tuesday. The firm’s fifty day moving average price is $27.32 and its two-hundred day moving average price is $27.23. The company has a market capitalization of $65.22 billion, a price-to-earnings ratio of 21.40, a P/E/G ratio of 2.40 and a beta of 0.69. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.64 and a quick ratio of 0.49. Kinder Morgan, Inc. has a 1 year low of $23.94 and a 1 year high of $30.18.

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

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 2nd will be issued a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Monday, February 2nd. Kinder Morgan’s dividend payout ratio (DPR) is 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.