Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by Scott & Selber Inc.

Scott & Selber Inc. grew its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 34.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 231,383 shares of the pipeline company's stock after purchasing an additional 59,802 shares during the period. Kinder Morgan comprises about 1.5% of Scott & Selber Inc.'s portfolio, making the stock its 18th largest position. Scott & Selber Inc.'s holdings in Kinder Morgan were worth $4,082,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. SageView Advisory Group LLC increased its stake in shares of Kinder Morgan by 3.0% during the 3rd quarter. SageView Advisory Group LLC now owns 20,607 shares of the pipeline company's stock worth $342,000 after purchasing an additional 596 shares during the last quarter. Wesbanco Bank Inc. grew its stake in Kinder Morgan by 0.4% in the 3rd quarter. Wesbanco Bank Inc. now owns 148,549 shares of the pipeline company's stock valued at $2,463,000 after buying an additional 599 shares during the last quarter. Chronos Wealth Management LLC grew its stake in Kinder Morgan by 2.7% in the 3rd quarter. Chronos Wealth Management LLC now owns 22,700 shares of the pipeline company's stock valued at $376,000 after buying an additional 600 shares during the last quarter. Cubic Asset Management LLC grew its stake in Kinder Morgan by 5.1% in the 4th quarter. Cubic Asset Management LLC now owns 12,292 shares of the pipeline company's stock valued at $217,000 after buying an additional 600 shares during the last quarter. Finally, Argonautica Private Wealth Management Inc. grew its stake in Kinder Morgan by 0.8% in the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 80,421 shares of the pipeline company's stock valued at $1,333,000 after buying an additional 615 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Truist Financial reiterated a "hold" rating and issued a $20.00 price target (down previously from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. StockNews.com lowered shares of Kinder Morgan from a "buy" rating to a "hold" rating in a research note on Friday, March 1st. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Kinder Morgan currently has a consensus rating of "Hold" and an average target price of $20.20.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock traded down $0.02 on Monday, reaching $18.82. 15,999,207 shares of the stock were exchanged, compared to its average volume of 14,307,793. The firm's 50 day moving average is $17.78 and its 200-day moving average is $17.40. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $18.92. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.28 and a current ratio of 0.50. The firm has a market cap of $41.77 billion, a PE ratio of 17.20, a P/E/G ratio of 5.32 and a beta of 0.90.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, hitting analysts' consensus estimates of $0.34. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The company had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the prior year, the firm posted $0.30 EPS. The firm's quarterly revenue was down 1.2% on a year-over-year basis. As a group, analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a $0.2875 dividend. This is an increase from Kinder Morgan's previous quarterly dividend of $0.28. The ex-dividend date is Monday, April 29th. This represents a $1.15 annualized dividend and a yield of 6.11%. Kinder Morgan's dividend payout ratio is presently 102.73%.

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.