Csenge Advisory Group Grows Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Csenge Advisory Group raised its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,387 shares of the pipeline company’s stock after acquiring an additional 1,496 shares during the quarter. Csenge Advisory Group’s holdings in Kinder Morgan were worth $842,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Kinder Morgan by 15.8% during the 1st quarter. Vanguard Group Inc. now owns 199,888,911 shares of the pipeline company’s stock worth $3,665,963,000 after purchasing an additional 27,254,172 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Kinder Morgan by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 30,187,667 shares of the pipeline company’s stock worth $506,320,000 after buying an additional 317,980 shares in the last quarter. Norges Bank acquired a new position in shares of Kinder Morgan in the fourth quarter worth $409,063,000. Dimensional Fund Advisors LP lifted its position in shares of Kinder Morgan by 16.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 16,387,752 shares of the pipeline company’s stock valued at $289,087,000 after acquiring an additional 2,309,550 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its stake in shares of Kinder Morgan by 23.6% during the first quarter. Clearbridge Investments LLC now owns 11,130,639 shares of the pipeline company’s stock valued at $204,319,000 after acquiring an additional 2,125,648 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on KMI. Argus raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Friday, July 19th. UBS Group raised their price objective on Kinder Morgan from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Truist Financial boosted their target price on shares of Kinder Morgan from $20.00 to $22.00 and gave the company a “hold” rating in a report on Friday, July 26th. Tudor Pickering upgraded Kinder Morgan to a “strong-buy” rating in a research note on Thursday, May 30th. Finally, Barclays increased their price objective on shares of Kinder Morgan from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. Seven research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.11.

Insider Activity at Kinder Morgan

In other news, VP Sital K. Mody sold 21,413 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total value of $455,026.25. Following the completion of the transaction, the vice president now owns 25,169 shares in the company, valued at approximately $534,841.25. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, President Thomas A. Martin sold 100,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the completion of the sale, the president now owns 916,773 shares of the company’s stock, valued at approximately $19,261,400.73. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Sital K. Mody sold 21,413 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total transaction of $455,026.25. Following the completion of the transaction, the vice president now directly owns 25,169 shares in the company, valued at approximately $534,841.25. The disclosure for this sale can be found here. Insiders sold a total of 196,582 shares of company stock valued at $4,073,082 over the last three months. 12.64% of the stock is owned by insiders.

Kinder Morgan Price Performance

KMI stock opened at $21.07 on Friday. The stock’s 50 day moving average is $20.27 and its two-hundred day moving average is $18.81. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $21.86. The company has a market capitalization of $46.76 billion, a PE ratio of 19.15, a P/E/G ratio of 2.92 and a beta of 0.93. The company has a quick ratio of 0.28, a current ratio of 0.37 and a debt-to-equity ratio of 0.90.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). The company had revenue of $3.57 billion during the quarter, compared to analyst estimates of $4.13 billion. Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The company’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.24 earnings per share. Analysts predict that Kinder Morgan, Inc. will post 1.2 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be paid a $0.2875 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $1.15 dividend on an annualized basis and a yield of 5.46%. Kinder Morgan’s dividend payout ratio (DPR) is 104.55%.

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.