Yousif Capital Management LLC Lowers Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Yousif Capital Management LLC reduced its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 11.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 277,722 shares of the pipeline company’s stock after selling 35,085 shares during the quarter. Yousif Capital Management LLC’s holdings in Kinder Morgan were worth $7,923,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC purchased a new stake in Kinder Morgan in the fourth quarter valued at about $308,000. Kingsview Wealth Management LLC raised its stake in Kinder Morgan by 6.5% in the fourth quarter. Kingsview Wealth Management LLC now owns 58,858 shares of the pipeline company’s stock valued at $1,613,000 after buying an additional 3,567 shares during the last quarter. Empowered Funds LLC raised its stake in Kinder Morgan by 29.2% in the fourth quarter. Empowered Funds LLC now owns 223,395 shares of the pipeline company’s stock valued at $6,121,000 after buying an additional 50,490 shares during the last quarter. Quotient Wealth Partners LLC purchased a new stake in Kinder Morgan in the fourth quarter valued at about $254,000. Finally, Stephens Inc. AR raised its stake in Kinder Morgan by 27.5% in the fourth quarter. Stephens Inc. AR now owns 183,963 shares of the pipeline company’s stock valued at $5,041,000 after buying an additional 39,695 shares during the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total transaction of $508,680.00. Following the transaction, the president now owns 771,652 shares in the company, valued at $21,806,885.52. The trade was a 2.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 54,000 shares of company stock worth $1,522,440 in the last quarter. Company insiders own 12.73% of the company’s stock.

Kinder Morgan Trading Down 0.5%

Shares of KMI opened at $27.40 on Wednesday. Kinder Morgan, Inc. has a 52-week low of $19.47 and a 52-week high of $31.48. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The firm’s fifty day moving average is $27.14 and its two-hundred day moving average is $27.45. The stock has a market cap of $60.87 billion, a PE ratio of 23.41, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. The company had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $4.02 billion. Research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were issued a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 4.27%. The ex-dividend date was Wednesday, April 30th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s payout ratio is currently 100.86%.

Analysts Set New Price Targets

KMI has been the subject of several research analyst reports. Wells Fargo & Company restated an “overweight” rating on shares of Kinder Morgan in a research note on Monday, May 5th. Stifel Nicolaus raised their price objective on Kinder Morgan from $27.00 to $28.00 and gave the stock a “hold” rating in a research note on Tuesday, June 3rd. Royal Bank of Canada raised their price objective on Kinder Morgan from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 29th. JPMorgan Chase & Co. raised their price objective on Kinder Morgan from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 6th. Finally, Barclays upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective for the company in a research note on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.21.

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.