Sumitomo Mitsui Trust Holdings Inc. Cuts Position in Kinder Morgan, Inc. (NYSE:KMI)

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

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Tucker Asset Management LLC purchased a new position in Kinder Morgan during the 3rd quarter worth $25,000. Hartford Financial Management Inc. purchased a new position in Kinder Morgan during the 3rd quarter worth $26,000. First Capital Advisors Group LLC. purchased a new position in Kinder Morgan during the 2nd quarter worth $29,000. Activest Wealth Management purchased a new position in Kinder Morgan during the 4th quarter worth $30,000. Finally, OFI Invest Asset Management purchased a new position in Kinder Morgan during the 3rd quarter worth $33,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on KMI. Truist Financial restated a “hold” rating and set a $20.00 target price (down from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. StockNews.com cut Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.20.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $17.76 on Thursday. The stock has a market cap of $39.42 billion, a PE ratio of 16.60, a price-to-earnings-growth ratio of 4.95 and a beta of 0.90. The business has a 50-day simple moving average of $17.71 and a 200-day simple moving average of $17.36. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.88. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $18.72.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. The business had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Kinder Morgan had a return on equity of 7.57% and a net margin of 15.59%. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 EPS. On average, equities analysts expect that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

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.