Sumitomo Mitsui Trust Holdings Inc. Trims Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Sumitomo Mitsui Trust Holdings Inc. trimmed its position in Kinder Morgan, Inc. (NYSE:KMI) by 8.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,986,753 shares of the pipeline company’s stock after selling 443,490 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.22% of Kinder Morgan worth $87,966,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gotham Asset Management LLC boosted its holdings in Kinder Morgan by 11.3% in the third quarter. Gotham Asset Management LLC now owns 533,348 shares of the pipeline company’s stock worth $8,843,000 after acquiring an additional 54,184 shares in the last quarter. Rheos Capital Works Inc. bought a new stake in Kinder Morgan in the third quarter worth $4,642,000. Virginia Wealth Management Group Inc. boosted its holdings 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 worth $3,337,000 after acquiring an additional 3,085 shares in the last quarter. Bahl & Gaynor Inc. boosted its holdings 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 worth $65,577,000 after acquiring an additional 1,617,250 shares in the last quarter. Finally, Teza Capital Management LLC boosted its holdings in Kinder Morgan by 190.9% in the third quarter. Teza Capital Management LLC now owns 527,280 shares of the pipeline company’s stock worth $8,742,000 after acquiring an additional 346,000 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Stock Up 0.4 %

KMI stock opened at $17.76 on Thursday. Kinder Morgan, Inc. has a fifty-two week low of $15.89 and a fifty-two week high of $18.72. The business’s 50-day moving average is $17.71 and its two-hundred day moving average is $17.36. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.28 and a current ratio of 0.35. The company has a market cap of $39.42 billion, a price-to-earnings ratio of 16.60, a P/E/G ratio of 4.95 and a beta of 0.90.

Kinder Morgan (NYSE:KMI) last posted its earnings results 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 return on equity of 7.57% and a net margin of 15.59%. The company had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the prior year, the company earned $0.30 earnings per share. Kinder Morgan’s revenue was down 1.2% on a year-over-year basis. As a group, analysts forecast that Kinder Morgan, Inc. will post 1.19 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Kinder Morgan 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.