Arkfeld Wealth Strategies L.L.C. Acquires 37,559 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Arkfeld Wealth Strategies L.L.C. raised its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 21.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,711 shares of the pipeline company’s stock after acquiring an additional 37,559 shares during the period. Kinder Morgan makes up approximately 2.1% of Arkfeld Wealth Strategies L.L.C.’s holdings, making the stock its 12th biggest holding. Arkfeld Wealth Strategies L.L.C.’s holdings in Kinder Morgan were worth $3,850,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. True Wealth Design LLC raised its holdings in Kinder Morgan by 3,655.3% during the 4th quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock valued at $25,000 after buying an additional 1,389 shares during the period. Altshuler Shaham Ltd purchased a new stake in Kinder Morgan during the 4th quarter valued at $26,000. Tucker Asset Management LLC purchased a new stake in Kinder Morgan during the 3rd quarter valued at $25,000. Activest Wealth Management bought a new position in Kinder Morgan in the 4th quarter valued at $30,000. Finally, Rakuten Securities Inc. bought a new position in Kinder Morgan in the 4th quarter valued at $33,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Stock Performance

Shares of NYSE:KMI traded down $0.36 during trading on Wednesday, hitting $19.74. The stock had a trading volume of 13,370,336 shares, compared to its average volume of 13,540,413. Kinder Morgan, Inc. has a 12-month low of $15.89 and a 12-month high of $20.19. The stock has a market capitalization of $43.81 billion, a price-to-earnings ratio of 17.95, a price-to-earnings-growth ratio of 3.17 and a beta of 0.92. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 0.95. The stock has a 50-day simple moving average of $19.23 and a two-hundred day simple moving average of $18.18.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. The company 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 7.85% and a net margin of 16.08%. Kinder Morgan’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period last year, the business earned $0.30 earnings per share. On average, equities research analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were issued a $0.2875 dividend. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 annualized dividend and a yield of 5.83%. The ex-dividend date was Monday, April 29th. Kinder Morgan’s dividend payout ratio is presently 104.55%.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the company’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $18.82, for a total value of $4,328,600.00. Following the completion of the sale, the director now directly owns 345,087 shares in the company, valued at approximately $6,494,537.34. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Michael C. Morgan sold 230,000 shares of the company’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $18.82, for a total value of $4,328,600.00. Following the transaction, the director now owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Dax Sanders sold 50,000 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total value of $987,500.00. Following the completion of the transaction, the vice president now directly owns 259,069 shares in the company, valued at approximately $5,116,612.75. The disclosure for this sale can be found here. 12.64% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on KMI. Truist Financial reissued a “hold” rating and set a $20.00 price target (down previously from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. Wells Fargo & Company raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $18.00 to $22.00 in a research report on Tuesday, June 4th. StockNews.com downgraded Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Tudor Pickering raised Kinder Morgan to a “strong-buy” rating in a research report on Thursday, May 30th. Finally, UBS Group raised their price objective on Kinder Morgan from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and an average price target of $21.00.

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.