Sumitomo Mitsui DS Asset Management Company Ltd Boosts Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 269,643 shares of the pipeline company’s stock after buying an additional 1,643 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Kinder Morgan were worth $4,757,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. HB Wealth Management LLC increased its position in Kinder Morgan by 7.1% during the 3rd quarter. HB Wealth Management LLC now owns 35,016 shares of the pipeline company’s stock worth $581,000 after purchasing an additional 2,330 shares during the period. RFG Advisory LLC purchased a new position in Kinder Morgan in the third quarter worth $224,000. Naples Global Advisors LLC lifted its holdings in Kinder Morgan by 27.8% in the third quarter. Naples Global Advisors LLC now owns 60,555 shares of the pipeline company’s stock valued at $1,004,000 after acquiring an additional 13,175 shares during the period. Capital Investment Advisors LLC boosted its position in shares of Kinder Morgan by 8.6% during the 3rd quarter. Capital Investment Advisors LLC now owns 231,746 shares of the pipeline company’s stock worth $3,842,000 after purchasing an additional 18,254 shares in the last quarter. Finally, Royal Fund Management LLC grew its stake in shares of Kinder Morgan by 59.8% during the 3rd quarter. Royal Fund Management LLC now owns 79,227 shares of the pipeline company’s stock worth $1,314,000 after purchasing an additional 29,643 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $18.82 on Tuesday. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $18.92. The stock has a market cap of $41.77 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 5.32 and a beta of 0.90. The business’s fifty day moving average price is $17.82 and its two-hundred day moving average price is $17.42. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.28 and a current ratio of 0.50.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The firm had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the previous year, the company posted $0.30 EPS. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, analysts forecast that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a $0.2875 dividend. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 annualized dividend and a yield of 6.11%. The ex-dividend date is Monday, April 29th. Kinder Morgan’s dividend payout ratio is presently 102.73%.

Analysts Set New Price Targets

A number of research firms recently commented on KMI. StockNews.com downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Truist Financial reiterated a “hold” rating and set a $20.00 target price (down from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $20.20.

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.