Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by Texas Yale Capital Corp.

Key Points

• Texas Yale Capital Corp. increased its holdings in Kinder Morgan, Inc. by 87.6%, owning 37,624 shares valued at approximately $1,073,000 after acquiring an additional 17,565 shares during the 1st quarter.
• Kinder Morgan announced a quarterly dividend of $0.2925, resulting in an annualized dividend of $1.17 and a yield of 4.27%, with a payout ratio of 95.90%.
• Brokerages have upgraded Kinder Morgan's stock rating, with Wolfe Research targeting a price of $31.00 and several others predicting positive growth prospects for the company.

Texas Yale Capital Corp. lifted its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 87.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,624 shares of the pipeline company's stock after purchasing an additional 17,565 shares during the period. Texas Yale Capital Corp.'s holdings in Kinder Morgan were worth $1,073,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Bridgewealth Advisory Group LLC acquired a new position in shares of Kinder Morgan in the 4th quarter worth approximately $377,000. Unigestion Holding SA boosted its holdings in shares of Kinder Morgan by 22.3% in the fourth quarter. Unigestion Holding SA now owns 93,364 shares of the pipeline company's stock worth $2,558,000 after buying an additional 16,993 shares during the period. Burney Co. boosted its holdings in shares of Kinder Morgan by 133.5% in the first quarter. Burney Co. now owns 442,044 shares of the pipeline company's stock worth $12,612,000 after buying an additional 252,736 shares during the period. AdvisorNet Financial Inc boosted its holdings in shares of Kinder Morgan by 402.5% in the first quarter. AdvisorNet Financial Inc now owns 39,393 shares of the pipeline company's stock worth $1,124,000 after buying an additional 31,553 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Kinder Morgan by 3.8% in the fourth quarter. American Century Companies Inc. now owns 369,451 shares of the pipeline company's stock worth $10,123,000 after buying an additional 13,367 shares during the period. Institutional investors and hedge funds own 62.52% of the company's stock.

Kinder Morgan Price Performance

NYSE KMI opened at $27.40 on Monday. 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 PE ratio of 22.46, a price-to-earnings-growth ratio of 3.48 and a beta of 0.75. The company has a 50 day moving average price of $27.95 and a two-hundred day moving average price of $27.57. 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 earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.28. The firm had revenue of $4.04 billion during 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 revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.26 earnings per share. As a group, equities analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders 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 dividend yield of 4.27%. The ex-dividend date of this dividend is Thursday, July 31st. Kinder Morgan's payout ratio is 95.90%.

Insider Buying and Selling at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total value of $508,680.00. Following the completion of the sale, the president directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 12.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KMI. Wolfe Research upgraded shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 target price for the company in a report on Friday. Scotiabank raised their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Friday, July 18th. JPMorgan Chase & Co. raised their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. TD Cowen started coverage on shares of Kinder Morgan in a report on Monday, July 7th. They set a "buy" rating and a $34.00 price target for the company. Finally, Cowen started coverage on shares of Kinder Morgan in a report on Monday, July 7th. They set a "buy" rating for the company. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.

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