Yousif Capital Management LLC Sells 35,085 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Yousif Capital Management LLC cut its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 11.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Kinder Morgan by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 202,846,078 shares of the pipeline company’s stock valued at $5,557,983,000 after acquiring an additional 1,469,759 shares in the last quarter. Geode Capital Management LLC increased its holdings in Kinder Morgan by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 51,759,844 shares of the pipeline company’s stock worth $1,414,813,000 after buying an additional 1,252,609 shares in the last quarter. Norges Bank bought a new stake in Kinder Morgan in the 4th quarter worth about $917,523,000. Northern Trust Corp increased its holdings in Kinder Morgan by 8.3% in the 4th quarter. Northern Trust Corp now owns 20,942,841 shares of the pipeline company’s stock worth $573,834,000 after buying an additional 1,608,499 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in Kinder Morgan by 16.8% in the 4th quarter. Deutsche Bank AG now owns 14,711,722 shares of the pipeline company’s stock worth $403,101,000 after buying an additional 2,116,576 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Insider Activity

In other news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $28.75, for a total transaction of $517,500.00. Following the transaction, the president now owns 807,652 shares of the company’s stock, valued at approximately $23,219,995. The trade was a 2.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have sold 54,000 shares of company stock valued at $1,522,440. 12.73% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on KMI shares. JPMorgan Chase & Co. lifted their price objective on Kinder Morgan from $29.00 to $30.00 and gave the stock a “neutral” rating in a report on Tuesday, May 6th. Scotiabank raised their target price on Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 5th. Barclays raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 target price on the stock in a research report on Monday, March 3rd. Wells Fargo & Company reissued an “overweight” rating on shares of Kinder Morgan in a research report on Monday, May 5th. Finally, Royal Bank of Canada raised their target price on Kinder Morgan from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 29th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and an average price target of $30.21.

Kinder Morgan Stock Performance

NYSE:KMI opened at $27.40 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. Kinder Morgan, Inc. has a 1 year low of $19.47 and a 1 year high of $31.48. The stock’s 50 day simple moving average is $27.14 and its two-hundred day simple moving average is $27.45. The company has a market cap of $60.87 billion, a price-to-earnings ratio of 23.41, a PEG ratio of 3.08 and a beta of 0.74.

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

Kinder Morgan Increases Dividend

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

Kinder Morgan 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.