Yousif Capital Management LLC Has $7.92 Million Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Yousif Capital Management LLC cut its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 11.2% in the first quarter, according to the company in 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 period. Yousif Capital Management LLC's holdings in Kinder Morgan were worth $7,923,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Xponance Inc. increased its stake in Kinder Morgan by 5.2% in the 4th quarter. Xponance Inc. now owns 303,044 shares of the pipeline company's stock worth $8,303,000 after buying an additional 15,114 shares during the period. Royal London Asset Management Ltd. raised its position in shares of Kinder Morgan by 2.0% in the fourth quarter. Royal London Asset Management Ltd. now owns 2,265,044 shares of the pipeline company's stock valued at $62,062,000 after buying an additional 44,474 shares during the last quarter. Chung Wu Investment Group LLC purchased a new stake in shares of Kinder Morgan in the 4th quarter valued at approximately $385,000. KLP Kapitalforvaltning AS purchased a new stake in Kinder Morgan during the fourth quarter worth approximately $21,774,000. Finally, Bridgewealth Advisory Group LLC purchased a new position in Kinder Morgan in the fourth quarter worth $377,000. Hedge funds and other institutional investors own 62.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on KMI. 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. Stifel Nicolaus lifted 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 raised their price target 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. Wells Fargo & Company reiterated an "overweight" rating on shares of Kinder Morgan in a research note on Monday, May 5th. Finally, Royal Bank of Canada upped their target price on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research report on Tuesday, April 29th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.21.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $27.57, for a total transaction of $496,260.00. Following the completion of the sale, the president now owns 789,652 shares of the company's stock, valued at $21,770,705.64. This represents a 2.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders have sold 54,000 shares of company stock worth $1,522,440. Company insiders own 12.73% of the company's stock.

Kinder Morgan Stock Performance

NYSE KMI traded down $0.02 on Thursday, reaching $27.50. 3,131,169 shares of the company's stock traded hands, compared to its average volume of 13,975,245. The stock has a 50 day moving average price of $27.18 and a 200-day moving average price of $27.45. Kinder Morgan, Inc. has a fifty-two week low of $19.47 and a fifty-two week high of $31.48. The firm has a market cap of $61.11 billion, a price-to-earnings ratio of 23.50, a P/E/G ratio of 3.08 and a beta of 0.74. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly 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 firm had revenue of $4.24 billion during the quarter, compared to analysts' expectations of $4.02 billion. Equities research analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were given a $0.2925 dividend. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, April 30th. This represents a $1.17 dividend on an annualized basis and a yield of 4.25%. Kinder Morgan's dividend payout ratio is presently 100.86%.

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.