Mitsubishi UFJ Trust & Banking Corp Lowers Stake in Kinder Morgan, Inc. (NYSE:KMI)

Mitsubishi UFJ Trust & Banking Corp lowered its position in shares of Kinder Morgan, Inc. (NYSE:KMIFree Report) by 3.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,277,450 shares of the pipeline company’s stock after selling 40,206 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.06% of Kinder Morgan worth $21,180,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of KMI. Fairfield Bush & CO. acquired a new stake in Kinder Morgan during the first quarter valued at approximately $93,000. American Century Companies Inc. raised its stake in Kinder Morgan by 12.3% during the first quarter. American Century Companies Inc. now owns 91,931 shares of the pipeline company’s stock valued at $1,739,000 after buying an additional 10,079 shares in the last quarter. Acadian Asset Management LLC raised its stake in Kinder Morgan by 48,564.7% during the first quarter. Acadian Asset Management LLC now owns 8,273 shares of the pipeline company’s stock valued at $156,000 after buying an additional 8,256 shares in the last quarter. Synovus Financial Corp grew its holdings in shares of Kinder Morgan by 1.6% during the first quarter. Synovus Financial Corp now owns 90,218 shares of the pipeline company’s stock valued at $1,705,000 after purchasing an additional 1,408 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Kinder Morgan during the first quarter valued at approximately $263,000. Institutional investors and hedge funds own 62.33% of the company’s stock.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP Denise R. Mathews sold 30,000 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $17.55, for a total transaction of $526,500.00. Following the completion of the transaction, the vice president now directly owns 79,217 shares of the company’s stock, valued at approximately $1,390,258.35. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, VP John W. Schlosser sold 7,500 shares of the stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $18.00, for a total transaction of $135,000.00. Following the completion of the sale, the vice president now owns 3,219 shares in the company, valued at approximately $57,942. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Denise R. Mathews sold 30,000 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $17.55, for a total value of $526,500.00. Following the sale, the vice president now owns 79,217 shares of the company’s stock, valued at approximately $1,390,258.35. The disclosure for this sale can be found here. In the last ninety days, insiders sold 87,500 shares of company stock valued at $1,543,000. 12.64% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on KMI. StockNews.com raised Kinder Morgan from a “hold” rating to a “buy” rating in a report on Saturday, February 3rd. US Capital Advisors raised Kinder Morgan from a “hold” rating to an “overweight” rating in a report on Friday, November 17th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $20.50.

Check Out Our Latest Report on Kinder Morgan

Kinder Morgan Stock Performance

Shares of KMI stock opened at $16.61 on Monday. Kinder Morgan, Inc. has a 12-month low of $15.89 and a 12-month high of $18.51. The firm has a market capitalization of $36.92 billion, a price-to-earnings ratio of 15.52, a price-to-earnings-growth ratio of 4.73 and a beta of 0.91. The business has a 50 day simple moving average of $17.48 and a 200 day simple moving average of $17.17. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.35 and a quick ratio of 0.30.

Kinder Morgan (NYSE:KMIGet Free Report) last issued its quarterly earnings data on Wednesday, January 17th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). Kinder Morgan had a return on equity of 7.57% and a net margin of 15.59%. The business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.40 billion. During the same period last year, the company earned $0.31 earnings per share. The business’s quarterly revenue was down 11.8% compared to the same quarter last year. On average, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.17 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be paid a dividend of $0.2825 per share. This represents a $1.13 dividend on an annualized basis and a yield of 6.80%. The ex-dividend date is Tuesday, January 30th. Kinder Morgan’s payout ratio is currently 105.61%.

Kinder Morgan Company Profile

(Free Report)

Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground 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.

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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