Inspire Advisors LLC Acquires 13,836 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Key Points

• Inspire Advisors LLC has increased its stock holdings in Kinder Morgan, Inc. by 16.0% to a total value of $2.86 million in the recent quarter.
• Recent reports show that Kinder Morgan's quarterly revenue rose 13.2% year-over-year, reaching $4.04 billion, with earnings per share aligning with estimates at $0.28.
• A quarterly dividend of $0.2925 has been announced, representing an annualized dividend yield of 4.27%, with the payout ratio recorded at 95.90%.

Inspire Advisors LLC raised its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 16.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 100,278 shares of the pipeline company's stock after buying an additional 13,836 shares during the period. Inspire Advisors LLC's holdings in Kinder Morgan were worth $2,861,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of KMI. Morton Capital Management LLC CA increased its stake in Kinder Morgan by 1.0% in the first quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company's stock valued at $1,084,000 after purchasing an additional 377 shares in the last quarter. Diligent Investors LLC increased its stake in Kinder Morgan by 1.5% in the fourth quarter. Diligent Investors LLC now owns 26,083 shares of the pipeline company's stock valued at $715,000 after purchasing an additional 381 shares in the last quarter. Signaturefd LLC increased its stake in Kinder Morgan by 1.8% in the first quarter. Signaturefd LLC now owns 21,068 shares of the pipeline company's stock valued at $601,000 after purchasing an additional 381 shares in the last quarter. Aspiriant LLC increased its stake in Kinder Morgan by 1.7% in the first quarter. Aspiriant LLC now owns 23,738 shares of the pipeline company's stock valued at $677,000 after purchasing an additional 396 shares in the last quarter. Finally, Sowell Financial Services LLC increased its stake in Kinder Morgan by 0.5% in the first quarter. Sowell Financial Services LLC now owns 79,825 shares of the pipeline company's stock valued at $2,277,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

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 directly owned 771,652 shares in the company, valued at $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 is available through the SEC website. 12.73% of the stock is currently owned by insiders.

Kinder Morgan Stock Down 0.1%

Kinder Morgan stock traded down $0.02 during midday trading on Friday, hitting $27.40. 15,215,811 shares of the stock were exchanged, compared to its average volume of 14,675,539. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $60.89 billion, a price-to-earnings ratio of 22.46, a price-to-earnings-growth ratio of 3.48 and a beta of 0.75. Kinder Morgan, Inc. has a 52-week low of $19.68 and a 52-week high of $31.48. The business's 50-day moving average price is $27.95 and its 200-day moving average price is $27.57.

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

Kinder Morgan Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on KMI shares. Stifel Nicolaus lifted their price target 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. JPMorgan Chase & Co. lifted their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Wolfe Research upgraded shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price objective for the company in a report on Friday. Barclays reiterated an "overweight" rating and set a $32.00 price objective (up from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Finally, Wells Fargo & Company lifted their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $31.00.

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.