Kinder Morgan, Inc. (NYSE:KMI) Stock Holdings Increased by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 10.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 87,736 shares of the pipeline company’s stock after purchasing an additional 8,120 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Kinder Morgan were worth $1,938,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Kinder Morgan by 15.8% in the first quarter. Vanguard Group Inc. now owns 199,888,911 shares of the pipeline company’s stock valued at $3,665,963,000 after acquiring an additional 27,254,172 shares in the last quarter. Castle Hook Partners LP boosted its stake in Kinder Morgan by 108.2% during the 1st quarter. Castle Hook Partners LP now owns 7,799,826 shares of the pipeline company’s stock valued at $143,049,000 after purchasing an additional 4,053,793 shares in the last quarter. Duquesne Family Office LLC increased its position in shares of Kinder Morgan by 74.0% during the 2nd quarter. Duquesne Family Office LLC now owns 6,753,165 shares of the pipeline company’s stock valued at $134,185,000 after purchasing an additional 2,872,665 shares during the period. Clearbridge Investments LLC raised its stake in shares of Kinder Morgan by 23.6% in the 1st quarter. Clearbridge Investments LLC now owns 11,130,639 shares of the pipeline company’s stock worth $204,319,000 after buying an additional 2,125,648 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of Kinder Morgan by 1,849.7% in the third quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company’s stock valued at $47,817,000 after buying an additional 2,053,612 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KMI has been the topic of several research reports. Argus upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Friday, July 19th. Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a research note on Friday, October 18th. The Goldman Sachs Group restated a “conviction-buy” rating on shares of Kinder Morgan in a research report on Friday, October 18th. Stifel Nicolaus raised their price objective on Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a research note on Tuesday, August 27th. Finally, UBS Group boosted their target price on Kinder Morgan from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $25.09.

Insider Buying and Selling at Kinder Morgan

In related news, President Thomas A. Martin sold 19,121 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total value of $502,499.88. Following the completion of the sale, the president now directly owns 897,652 shares in the company, valued at approximately $23,590,294.56. The trade was a 2.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Amy W. Chronis purchased 2,241 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was purchased at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the transaction, the director now owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $26.77 on Friday. Kinder Morgan, Inc. has a fifty-two week low of $16.47 and a fifty-two week high of $27.58. The stock’s 50-day moving average is $23.61 and its two-hundred day moving average is $21.36. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. The firm has a market cap of $59.46 billion, a P/E ratio of 23.48, a PEG ratio of 3.69 and a beta of 0.91.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The company’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.25 EPS. Analysts predict that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.30%. The ex-dividend date is Thursday, October 31st. Kinder Morgan’s payout ratio is 100.88%.

Kinder Morgan Company Profile

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.