Mitsubishi UFJ Trust & Banking Corp Has $21.18 Million Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Mitsubishi UFJ Trust & Banking Corp trimmed its position in Kinder Morgan, Inc. (NYSE:KMIFree Report) by 3.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,277,450 shares of the pipeline company’s stock after selling 40,206 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Kinder Morgan were worth $21,180,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Rheos Capital Works Inc. bought a new position in Kinder Morgan in the third quarter valued at approximately $4,642,000. Cohen & Steers Inc. increased its stake in Kinder Morgan by 1,217.2% in the second quarter. Cohen & Steers Inc. now owns 10,094,105 shares of the pipeline company’s stock valued at $173,820,000 after acquiring an additional 9,327,755 shares during the last quarter. Virginia Wealth Management Group Inc. increased its stake in Kinder Morgan by 1.6% in the third quarter. Virginia Wealth Management Group Inc. now owns 201,278 shares of the pipeline company’s stock valued at $3,337,000 after acquiring an additional 3,085 shares during the last quarter. Bahl & Gaynor Inc. increased its stake in Kinder Morgan by 69.2% in the third quarter. Bahl & Gaynor Inc. now owns 3,955,216 shares of the pipeline company’s stock valued at $65,577,000 after acquiring an additional 1,617,250 shares during the last quarter. Finally, Bank of Hawaii increased its stake in Kinder Morgan by 10.7% in the second quarter. Bank of Hawaii now owns 24,291 shares of the pipeline company’s stock valued at $418,000 after acquiring an additional 2,339 shares during the last quarter. 62.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. StockNews.com raised shares of Kinder Morgan from a “hold” rating to a “buy” rating in a research note on Saturday, February 3rd. US Capital Advisors upgraded shares of Kinder Morgan from a “hold” rating to an “overweight” rating in a research report on Friday, November 17th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $20.50.

Read Our Latest Stock Analysis on Kinder Morgan

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $16.61 on Monday. Kinder Morgan, Inc. has a fifty-two week low of $15.89 and a fifty-two week high of $18.51. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.35 and a quick ratio of 0.30. The firm has a market capitalization of $36.92 billion, a P/E ratio of 15.52, a P/E/G ratio of 4.73 and a beta of 0.91. The company’s 50 day moving average price is $17.48 and its two-hundred day moving average price is $17.17.

Kinder Morgan (NYSE:KMIGet Free Report) last issued its quarterly earnings results on Wednesday, January 17th. The pipeline company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.40 billion. Kinder Morgan had a return on equity of 7.57% and a net margin of 15.59%. Kinder Morgan’s revenue for the quarter was down 11.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 EPS. On average, equities analysts forecast that Kinder Morgan, Inc. will post 1.17 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 Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be issued a dividend of $0.2825 per share. The ex-dividend date is Tuesday, January 30th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 6.80%. Kinder Morgan’s dividend payout ratio (DPR) is presently 105.61%.

Insider Transactions at Kinder Morgan

In other news, VP Denise R. Mathews sold 30,000 shares of Kinder Morgan stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $17.55, for a total transaction of $526,500.00. Following the transaction, the vice president now owns 79,217 shares in the company, valued at $1,390,258.35. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, VP Denise R. Mathews sold 30,000 shares of the business’s 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 transaction, the vice president now owns 79,217 shares in the company, valued at $1,390,258.35. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP John W. Schlosser sold 7,500 shares of the business’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $18.00, for a total transaction of $135,000.00. Following the completion of the transaction, the vice president now owns 3,219 shares in the company, valued at approximately $57,942. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 87,500 shares of company stock worth $1,543,000. Company insiders own 12.64% of the company’s stock.

About Kinder Morgan

(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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