Nomura Holdings Inc. Acquires 27,742 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Nomura Holdings Inc. increased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 61.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,919 shares of the pipeline company's stock after acquiring an additional 27,742 shares during the period. Nomura Holdings Inc.'s holdings in Kinder Morgan were worth $1,998,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. grew its position in Kinder Morgan by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 202,846,078 shares of the pipeline company's stock worth $5,557,983,000 after acquiring an additional 1,469,759 shares during the last quarter. Geode Capital Management LLC boosted its position in Kinder Morgan by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 51,759,844 shares of the pipeline company's stock valued at $1,414,813,000 after buying an additional 1,252,609 shares during the last quarter. Norges Bank bought a new position in Kinder Morgan in the 4th quarter valued at $917,523,000. Northern Trust Corp boosted its position in Kinder Morgan by 8.3% in the 4th quarter. Northern Trust Corp now owns 20,942,841 shares of the pipeline company's stock valued at $573,834,000 after buying an additional 1,608,499 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in Kinder Morgan by 16.8% in the 4th quarter. Deutsche Bank AG now owns 14,711,722 shares of the pipeline company's stock valued at $403,101,000 after buying an additional 2,116,576 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $26.61, for a total value of $478,980.00. Following the sale, the president now owns 825,652 shares of the company's stock, valued at $21,970,599.72. This trade represents a 2.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total value of $2,011,035.65. Following the completion of the sale, the vice president now directly owns 220,681 shares in the company, valued at $5,881,148.65. This represents a 25.48% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 129,461 shares of company stock valued at $3,503,776. 12.73% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on KMI. UBS Group increased their price objective on Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Scotiabank increased their price objective on Kinder Morgan from $25.00 to $26.00 and gave the company a "sector perform" rating in a research report on Monday, April 21st. Citigroup increased their price objective on Kinder Morgan from $25.00 to $28.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Truist Financial raised their price target on Kinder Morgan from $25.00 to $31.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company restated an "overweight" rating on shares of Kinder Morgan in a research report on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Kinder Morgan currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.79.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $28.09 on Friday. The company has a market capitalization of $62.41 billion, a PE ratio of 24.01, a PEG ratio of 3.08 and a beta of 0.74. Kinder Morgan, Inc. has a 12 month low of $18.83 and a 12 month high of $31.48. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. The stock's fifty day simple moving average is $27.15 and its 200 day simple moving average is $27.28.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. The business had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.02 billion. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. On average, research analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were paid a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.17%. The ex-dividend date was Wednesday, April 30th. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. Kinder Morgan's dividend payout ratio (DPR) is presently 100.86%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.