Dai ichi Life Insurance Company Ltd Trims Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Dai ichi Life Insurance Company Ltd decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 21.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 288,395 shares of the pipeline company’s stock after selling 79,834 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Kinder Morgan were worth $6,371,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Bank of Montreal Can lifted its stake in shares of Kinder Morgan by 2.2% during the third quarter. Bank of Montreal Can now owns 7,485,834 shares of the pipeline company’s stock valued at $163,116,000 after buying an additional 164,152 shares during the period. Private Trust Co. NA raised its stake in Kinder Morgan by 5.7% during the third quarter. Private Trust Co. NA now owns 37,870 shares of the pipeline company’s stock worth $837,000 after purchasing an additional 2,044 shares during the period. Horizon Kinetics Asset Management LLC raised its stake in Kinder Morgan by 3.8% during the third quarter. Horizon Kinetics Asset Management LLC now owns 103,592 shares of the pipeline company’s stock worth $2,288,000 after purchasing an additional 3,807 shares during the period. Truvestments Capital LLC raised its stake in Kinder Morgan by 0.3% during the third quarter. Truvestments Capital LLC now owns 161,134 shares of the pipeline company’s stock worth $3,559,000 after purchasing an additional 533 shares during the period. Finally, Brown Brothers Harriman & Co. raised its stake in Kinder Morgan by 104.0% during the third quarter. Brown Brothers Harriman & Co. now owns 20,834 shares of the pipeline company’s stock worth $460,000 after purchasing an additional 10,621 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group increased their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday. Barclays increased their price target on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Wells Fargo & Company increased their price target on shares of Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. UBS Group increased their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Bank of America started coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $25.67.

Kinder Morgan Trading Up 0.8 %

Shares of NYSE:KMI opened at $28.09 on Wednesday. The company has a market cap of $62.39 billion, a PE ratio of 24.64, a P/E/G ratio of 4.01 and a beta of 0.91. The company’s 50-day moving average price is $24.82 and its 200 day moving average price is $21.97. Kinder Morgan, Inc. has a fifty-two week low of $16.47 and a fifty-two week high of $28.81. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95.

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

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.2875 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.15 annualized dividend and a yield of 4.09%. Kinder Morgan’s payout ratio is 100.88%.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 19,121 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total transaction of $502,499.88. Following the transaction, the president now owns 897,652 shares of the company’s stock, valued at approximately $23,590,294.56. This trade represents a 2.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director C Park Shaper sold 690,142 shares of the firm’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the transaction, the director now directly owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. The trade was a 9.20 % decrease in their position. The disclosure for this sale can be found here. 12.81% of the stock is owned by corporate insiders.

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.