Mitsubishi UFJ Asset Management Co. Ltd. Purchases 216,150 Shares of Kinder Morgan, Inc. $KMI

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Kinder Morgan, Inc. (NYSE:KMI) by 6.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,738,300 shares of the pipeline company’s stock after acquiring an additional 216,150 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.17% of Kinder Morgan worth $109,906,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in KMI. Vanguard Group Inc. raised its stake in shares of Kinder Morgan by 0.6% in the first quarter. Vanguard Group Inc. now owns 204,148,872 shares of the pipeline company’s stock worth $5,824,367,000 after purchasing an additional 1,302,794 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Kinder Morgan by 37.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company’s stock worth $578,628,000 after buying an additional 5,529,065 shares in the last quarter. Deutsche Bank AG raised its position in Kinder Morgan by 2.0% in the 1st quarter. Deutsche Bank AG now owns 15,002,375 shares of the pipeline company’s stock worth $428,018,000 after buying an additional 290,653 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Kinder Morgan by 19.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,324,387 shares of the pipeline company’s stock worth $380,145,000 after buying an additional 2,144,307 shares during the last quarter. Finally, Amundi lifted its stake in Kinder Morgan by 8.0% during the 1st quarter. Amundi now owns 12,762,800 shares of the pipeline company’s stock valued at $353,785,000 after acquiring an additional 943,023 shares during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Stock Up 1.7%

KMI opened at $26.55 on Friday. The firm’s 50 day simple moving average is $27.16 and its two-hundred day simple moving average is $27.42. The company has a market capitalization of $59.07 billion, a PE ratio of 21.76, a PEG ratio of 3.01 and a beta of 0.77. Kinder Morgan, Inc. has a 1-year low of $23.94 and a 1-year high of $31.48. The company has a current ratio of 0.63, a quick ratio of 0.53 and a debt-to-equity ratio of 0.98.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $3.98 billion. During the same period in the prior year, the business posted $0.25 EPS. Kinder Morgan’s revenue was up 12.1% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, equities analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 3rd will be paid a $0.2925 dividend. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $1.17 annualized dividend and a dividend yield of 4.4%. Kinder Morgan’s dividend payout ratio (DPR) is 95.90%.

Insider Buying and Selling

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $28.17, for a total transaction of $173,696.22. Following the sale, the vice president owned 219,702 shares in the company, valued at approximately $6,189,005.34. This trade represents a 2.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amy W. Chronis purchased 3,800 shares of the company’s stock in a transaction on Friday, October 31st. The stock was purchased at an average price of $26.23 per share, with a total value of $99,674.00. Following the completion of the transaction, the director owned 39,051 shares of the company’s stock, valued at approximately $1,024,307.73. This trade represents a 10.78% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders bought 1,004,287 shares of company stock worth $26,072,463 and sold 42,459 shares worth $1,155,114. 12.73% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on KMI. BMO Capital Markets assumed coverage on shares of Kinder Morgan in a research note on Friday, September 19th. They issued an “outperform” rating and a $32.00 price target for the company. Morgan Stanley set a $30.00 target price on shares of Kinder Morgan in a report on Thursday, October 9th. JPMorgan Chase & Co. boosted their target price on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. Jefferies Financial Group initiated coverage on Kinder Morgan in a report on Thursday, October 9th. They set a “hold” rating and a $30.00 price target on the stock. Finally, Wolfe Research raised Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a report on Friday, July 25th. Ten research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.13.

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.