Stokes Capital Advisors LLC Acquires 1,405 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Stokes Capital Advisors LLC raised its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.9% in the first quarter, HoldingsChannel reports. The firm owned 150,579 shares of the pipeline company’s stock after buying an additional 1,405 shares during the quarter. Stokes Capital Advisors LLC’s holdings in Kinder Morgan were worth $2,762,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of KMI. Acadian Asset Management LLC raised its position in Kinder Morgan by 890.7% during the 3rd quarter. Acadian Asset Management LLC now owns 47,295 shares of the pipeline company’s stock valued at $784,000 after purchasing an additional 42,521 shares during the last quarter. Federated Hermes Inc. raised its position in Kinder Morgan by 741.4% during the 3rd quarter. Federated Hermes Inc. now owns 76,395 shares of the pipeline company’s stock valued at $1,267,000 after purchasing an additional 67,315 shares during the last quarter. Natixis Advisors L.P. grew its holdings in shares of Kinder Morgan by 4.9% during the 3rd quarter. Natixis Advisors L.P. now owns 327,552 shares of the pipeline company’s stock worth $5,431,000 after acquiring an additional 15,202 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in shares of Kinder Morgan by 25.2% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 103,110 shares of the pipeline company’s stock worth $1,710,000 after acquiring an additional 20,747 shares during the period. Finally, Mutual Advisors LLC grew its holdings in shares of Kinder Morgan by 0.8% during the 3rd quarter. Mutual Advisors LLC now owns 121,819 shares of the pipeline company’s stock worth $2,020,000 after acquiring an additional 909 shares during the period. Institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling

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

Kinder Morgan Stock Performance

Shares of NYSE KMI traded up $0.04 during midday trading on Friday, hitting $19.80. 1,676,179 shares of the stock traded hands, compared to its average volume of 13,421,544. The firm has a 50-day moving average of $19.27 and a two-hundred day moving average of $18.19. The firm has a market capitalization of $43.94 billion, a P/E ratio of 17.96, a PEG ratio of 3.12 and a beta of 0.92. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.38 and a current ratio of 0.50. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $20.19.

Kinder Morgan (NYSE:KMI) last released 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 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 company’s revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.30 EPS. On average, equities analysts forecast that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors 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 dividend on an annualized basis and a yield of 5.81%. The ex-dividend date of this dividend was Monday, April 29th. Kinder Morgan’s dividend payout ratio (DPR) is currently 104.55%.

Wall Street Analyst Weigh In

KMI has been the topic of a number of research analyst reports. Tudor Pickering upgraded Kinder Morgan to a “strong-buy” rating in a report on Thursday, May 30th. Wells Fargo & Company upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $18.00 to $22.00 in a report on Tuesday, June 4th. StockNews.com downgraded Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. UBS Group upped their price target on Kinder Morgan from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Finally, Truist Financial restated a “hold” rating and issued a $20.00 price target (down previously from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. Six investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus price target of $21.00.

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.