Yousif Capital Management LLC Acquires 762 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Yousif Capital Management LLC boosted its position in Kinder Morgan, Inc. (NYSE:KMI) by 0.2% in the 4th quarter, according to its most recent filing with the SEC. The fund 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 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. SageView Advisory Group LLC lifted its holdings in shares of Kinder Morgan by 3.0% in the third quarter. SageView Advisory Group LLC now owns 20,607 shares of the pipeline company’s stock worth $342,000 after acquiring an additional 596 shares during the last quarter. Wesbanco Bank Inc. boosted its stake in Kinder Morgan by 0.4% in the third quarter. Wesbanco Bank Inc. now owns 148,549 shares of the pipeline company’s stock valued at $2,463,000 after acquiring an additional 599 shares during the last quarter. Chronos Wealth Management LLC grew its stake in shares of Kinder Morgan by 2.7% during the 3rd quarter. Chronos Wealth Management LLC now owns 22,700 shares of the pipeline company’s stock worth $376,000 after acquiring an additional 600 shares during the period. Cubic Asset Management LLC raised its holdings in Kinder Morgan by 5.1% during the 4th quarter. Cubic Asset Management LLC now owns 12,292 shares of the pipeline company’s stock valued at $217,000 after acquiring an additional 600 shares during the period. Finally, Argonautica Private Wealth Management Inc. lifted its holdings in shares of Kinder Morgan by 0.8% in the third quarter. Argonautica Private Wealth Management Inc. now owns 80,421 shares of the pipeline company’s stock worth $1,333,000 after buying an additional 615 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Price Performance

KMI stock opened at $18.80 on Friday. The company has a market capitalization of $41.72 billion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 5.31 and a beta of 0.90. The company’s fifty day moving average price is $17.95 and its 200-day moving average price is $17.46. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $18.92. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.28 and a current ratio of 0.50.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. The firm had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $4.36 billion. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The business’s revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 earnings per share. On average, equities analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 6.12%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date is Monday, April 29th. Kinder Morgan’s dividend payout ratio is currently 102.73%.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 345,087 shares of the company’s stock, valued at $6,494,537.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 12.64% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KMI. Truist Financial reissued a “hold” rating and issued a $20.00 price target (down previously from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. StockNews.com lowered 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 company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $20.20.

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.