Dai ichi Life Insurance Company Ltd Purchases 21,460 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Dai ichi Life Insurance Company Ltd boosted its position in Kinder Morgan, Inc. (NYSE:KMI) by 5.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 409,496 shares of the pipeline company’s stock after purchasing an additional 21,460 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Kinder Morgan were worth $7,224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in shares of Kinder Morgan by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 30,187,667 shares of the pipeline company’s stock valued at $506,320,000 after acquiring an additional 317,980 shares in the last quarter. Norges Bank bought a new position in Kinder Morgan in the fourth quarter worth approximately $409,063,000. Northern Trust Corp raised its stake in Kinder Morgan by 3.0% in the third quarter. Northern Trust Corp now owns 22,297,204 shares of the pipeline company’s stock worth $369,688,000 after buying an additional 639,467 shares in the last quarter. Invesco Ltd. raised its stake in Kinder Morgan by 29.4% in the third quarter. Invesco Ltd. now owns 21,438,556 shares of the pipeline company’s stock worth $355,451,000 after buying an additional 4,870,444 shares in the last quarter. Finally, Morgan Stanley raised its stake in Kinder Morgan by 4.1% in the third quarter. Morgan Stanley now owns 20,400,093 shares of the pipeline company’s stock worth $338,234,000 after buying an additional 796,829 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Insiders Place Their Bets

In related news, Director Michael C. Morgan sold 230,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the completion of the transaction, the director now owns 345,087 shares in the company, valued at approximately $6,494,537.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 12.81% of the company’s stock.

Kinder Morgan Stock Down 1.6 %

NYSE KMI traded down $0.31 on Wednesday, hitting $19.43. The stock had a trading volume of 4,196,897 shares, compared to its average volume of 13,798,698. The stock has a market cap of $43.12 billion, a price-to-earnings ratio of 17.95, a price-to-earnings-growth ratio of 5.53 and a beta of 0.89. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.50 and a quick ratio of 0.38. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $19.93. The business’s fifty day moving average price is $18.50 and its 200 day moving average price is $17.75.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $4.36 billion. During the same period in the previous year, the company earned $0.30 earnings per share. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. Equities research analysts anticipate that Kinder Morgan, Inc. will post 1.2 earnings per share for the current year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were given a $0.2875 dividend. The ex-dividend date of this dividend was Monday, April 29th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.92%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s dividend payout ratio is 104.55%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on KMI. StockNews.com downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Truist Financial reissued a “hold” rating and issued a $20.00 price objective (down previously from $22.00) on shares of Kinder Morgan in a research note 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 MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $20.20.

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.