Stifel Financial Corp Grows Position in Kinder Morgan, Inc. (NYSE:KMI)

Stifel Financial Corp grew its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,323,552 shares of the pipeline company's stock after purchasing an additional 46,594 shares during the period. Stifel Financial Corp owned approximately 0.10% of Kinder Morgan worth $63,665,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KMI. CX Institutional raised its stake in Kinder Morgan by 2.3% in the 4th quarter. CX Institutional now owns 15,661 shares of the pipeline company's stock worth $429,000 after acquiring an additional 354 shares during the last quarter. Sunflower Bank N.A. raised its stake in Kinder Morgan by 3.6% in the 4th quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company's stock worth $288,000 after acquiring an additional 367 shares during the last quarter. Ignite Planners LLC raised its stake in Kinder Morgan by 3.9% in the 4th quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company's stock worth $282,000 after acquiring an additional 372 shares during the last quarter. Eagle Bay Advisors LLC raised its stake in Kinder Morgan by 8.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company's stock worth $142,000 after acquiring an additional 385 shares during the last quarter. Finally, Bristlecone Advisors LLC raised its stake in Kinder Morgan by 2.6% in the 4th quarter. Bristlecone Advisors LLC now owns 15,794 shares of the pipeline company's stock worth $433,000 after acquiring an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Kinder Morgan Price Performance

Shares of NYSE:KMI traded down $0.02 during trading on Friday, reaching $26.85. The stock had a trading volume of 9,264,214 shares, compared to its average volume of 13,947,768. The business has a fifty day moving average price of $26.94 and a 200-day moving average price of $27.06. Kinder Morgan, Inc. has a 1-year low of $18.13 and a 1-year high of $31.48. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The stock has a market cap of $59.66 billion, a PE ratio of 22.95, a PEG ratio of 3.08 and a beta of 0.72.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. The firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.02 billion. On average, equities analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be paid a $0.2925 dividend. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend is Wednesday, April 30th. Kinder Morgan's dividend payout ratio is currently 100.86%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KMI. Wells Fargo & Company increased their price target on Kinder Morgan from $30.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Truist Financial increased their price target on Kinder Morgan from $25.00 to $31.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. Morgan Stanley increased their price target on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Citigroup increased their price target on Kinder Morgan from $25.00 to $28.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada increased 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 Monday, March 3rd. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Kinder Morgan presently has an average rating of "Moderate Buy" and an average price target of $29.64.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 75,461 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the completion of the sale, the vice president now directly owns 220,681 shares in the company, valued at $5,881,148.65. This represents a 25.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total value of $478,980.00. Following the completion of the sale, the president now owns 825,652 shares of the company's stock, valued at approximately $21,970,599.72. The trade was a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 129,461 shares of company stock valued at $3,506,116. 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.