Nikko Asset Management Americas Inc. Sells 19,346 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Nikko Asset Management Americas Inc. lowered its stake in Kinder Morgan, Inc. (NYSE:KMI) by 38.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 30,576 shares of the pipeline company’s stock after selling 19,346 shares during the period. Nikko Asset Management Americas Inc.’s holdings in Kinder Morgan were worth $838,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in shares of Kinder Morgan by 3.2% during the third quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock worth $50,624,000 after purchasing an additional 71,984 shares during the period. Golden State Equity Partners grew its holdings in Kinder Morgan by 2,507.9% in the 4th quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company’s stock valued at $450,000 after buying an additional 15,800 shares in the last quarter. Barclays PLC increased its position in Kinder Morgan by 39.9% during the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock worth $180,833,000 after buying an additional 2,334,273 shares during the period. UMB Bank n.a. lifted its holdings in shares of Kinder Morgan by 116.1% during the fourth quarter. UMB Bank n.a. now owns 210,645 shares of the pipeline company’s stock worth $5,772,000 after buying an additional 113,173 shares in the last quarter. Finally, Benjamin Edwards Inc. boosted its position in shares of Kinder Morgan by 2,388.5% in the third quarter. Benjamin Edwards Inc. now owns 397,332 shares of the pipeline company’s stock valued at $8,777,000 after acquiring an additional 381,365 shares during the period. 62.52% of the stock is owned by institutional investors.

Insider Activity at Kinder Morgan

In related news, VP John W. Schlosser sold 75,461 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the sale, the vice president now directly owns 220,681 shares in the company, valued at $5,881,148.65. This represents a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total transaction of $498,600.00. Following the transaction, the president now owns 843,652 shares of the company’s stock, valued at approximately $23,369,160.40. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock worth $3,490,996 over the last three months. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Trading Up 2.5 %

Shares of KMI stock opened at $27.77 on Tuesday. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $61.69 billion, a P/E ratio of 23.73, a P/E/G ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a twelve month low of $17.52 and a twelve month high of $31.48. The stock’s fifty day simple moving average is $27.59 and its 200 day simple moving average is $25.98.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. As a group, sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were paid a $0.2875 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.14%. Kinder Morgan’s dividend payout ratio is 98.29%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Mizuho raised their price target on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. UBS Group raised their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Truist Financial boosted their price target on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. raised their price objective on Kinder Morgan from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 5th. Finally, Wells Fargo & Company upped their target price on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Kinder Morgan has an average rating of “Moderate Buy” and an average target price of $29.64.

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.