Dudley Capital Management LLC Buys 11,272 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Key Points

• Dudley Capital Management LLC increased its stake in Kinder Morgan, Inc. by 20.4%, buying an additional 11,272 shares, bringing their total holdings to 66,424 shares valued at approximately $1.9 million.
• Kinder Morgan reported a 13.2% increase in revenue for the latest quarter, achieving $4.04 billion, alongside earnings per share of $0.28, matching analyst expectations.
• The company declared a quarterly dividend of $0.2925 per share, which represents an annualized dividend of $1.17 and a yield of 4.27%.

Dudley Capital Management LLC lifted its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 20.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,424 shares of the pipeline company's stock after buying an additional 11,272 shares during the quarter. Dudley Capital Management LLC's holdings in Kinder Morgan were worth $1,895,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of KMI. Hurley Capital LLC purchased a new stake in Kinder Morgan in the 4th quarter worth approximately $25,000. Sierra Ocean LLC increased its holdings in shares of Kinder Morgan by 927.1% in the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock worth $25,000 after purchasing an additional 788 shares during the period. Fourth Dimension Wealth LLC bought a new position in shares of Kinder Morgan in the fourth quarter worth $26,000. Morse Asset Management Inc purchased a new stake in shares of Kinder Morgan in the fourth quarter worth $27,000. Finally, Heck Capital Advisors LLC bought a new stake in Kinder Morgan during the fourth quarter valued at $29,000. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Stock Down 0.1%

Shares of NYSE:KMI opened at $27.40 on Friday. The stock has a market capitalization of $60.89 billion, a P/E ratio of 22.46, a price-to-earnings-growth ratio of 3.48 and a beta of 0.75. The stock's 50-day moving average price is $27.95 and its 200-day moving average price is $27.57. The company has a current ratio of 0.68, a quick ratio of 0.35 and a debt-to-equity ratio of 0.99. Kinder Morgan, Inc. has a 12-month low of $19.68 and a 12-month high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.75 billion. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%. Kinder Morgan's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period last year, the company earned $0.26 EPS. On average, equities analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be given a dividend of $0.2925 per share. The ex-dividend date is Thursday, July 31st. This represents a $1.17 annualized dividend and a yield of 4.27%. Kinder Morgan's payout ratio is currently 95.90%.

Analysts Set New Price Targets

A number of brokerages have weighed in on KMI. Wolfe Research upgraded Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 target price on the stock in a research note on Friday. Royal Bank Of Canada boosted their price objective on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 29th. Stifel Nicolaus raised their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "hold" rating in a research note on Tuesday, June 3rd. Scotiabank lifted their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research report on Friday, July 18th. Finally, Cowen initiated coverage on shares of Kinder Morgan in a report on Monday, July 7th. They issued a "buy" rating on the stock. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, Kinder Morgan has an average rating of "Moderate Buy" and an average price target of $31.00.

Insiders Place Their Bets

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total value of $508,680.00. Following the transaction, the president owned 771,652 shares in the company, valued at approximately $21,806,885.52. The trade was a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.73% of the stock is owned by insiders.

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.

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