Kinder Morgan, Inc. (NYSE:KMI) Stock Holdings Increased by Yousif Capital Management LLC

Yousif Capital Management LLC boosted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 348,221 shares of the pipeline company’s stock after purchasing an additional 762 shares during the period. Yousif Capital Management LLC’s holdings in Kinder Morgan were worth $6,143,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of Kinder Morgan during the 3rd quarter valued at $99,908,000. Invesco Ltd. boosted its position in Kinder Morgan by 29.4% during the third quarter. Invesco Ltd. now owns 21,438,556 shares of the pipeline company’s stock valued at $355,451,000 after purchasing an additional 4,870,444 shares during the last quarter. Bank of Nova Scotia grew its stake in Kinder Morgan by 2,463.8% in the third quarter. Bank of Nova Scotia now owns 4,443,792 shares of the pipeline company’s stock valued at $73,678,000 after purchasing an additional 4,270,461 shares in the last quarter. Qube Research & Technologies Ltd increased its position in Kinder Morgan by 1,121.4% in the 3rd quarter. Qube Research & Technologies Ltd now owns 3,965,614 shares of the pipeline company’s stock worth $65,750,000 after purchasing an additional 3,640,939 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP raised its stake in shares of Kinder Morgan by 68.6% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 5,696,090 shares of the pipeline company’s stock worth $94,441,000 after purchasing an additional 2,317,197 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock opened at $18.80 on Friday. The stock has a market capitalization of $41.72 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 5.31 and a beta of 0.90. The firm has a fifty day simple moving average of $17.95 and a 200-day simple moving average of $17.46. The company has a current ratio of 0.50, a quick ratio of 0.28 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 1-year low of $15.89 and a 1-year high of $18.92.

Kinder Morgan (NYSE:KMI) last issued its quarterly 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. The firm had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $4.36 billion. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The business’s revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 EPS. On average, sell-side analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 6.12%. The ex-dividend date of this dividend is Monday, April 29th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s dividend payout ratio (DPR) is presently 102.73%.

Insider Activity at Kinder Morgan

In related news, Director Michael C. Morgan sold 230,000 shares of the firm’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the completion of the sale, the director now directly owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 12.64% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently commented on KMI. StockNews.com cut 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 target price (down from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Kinder Morgan has an average rating of “Hold” and an average target price 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.