Van Hulzen Asset Management LLC Increases Stake in Kinder Morgan, Inc. (NYSE:KMI)

Van Hulzen Asset Management LLC increased its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 29.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 931,979 shares of the pipeline company’s stock after buying an additional 211,687 shares during the quarter. Kinder Morgan comprises approximately 1.2% of Van Hulzen Asset Management LLC’s investment portfolio, making the stock its 22nd largest holding. Van Hulzen Asset Management LLC’s holdings in Kinder Morgan were worth $18,518,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KMI. True Wealth Design LLC raised its position in shares of Kinder Morgan by 3,655.3% in the fourth quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 1,389 shares during the period. Pathway Financial Advisers LLC purchased a new stake in shares of Kinder Morgan in the 1st quarter valued at approximately $30,000. OFI Invest Asset Management purchased a new stake in shares of Kinder Morgan in the 1st quarter valued at approximately $31,000. Redmont Wealth Advisors LLC acquired a new position in shares of Kinder Morgan in the 1st quarter worth approximately $31,000. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Kinder Morgan in the 2nd quarter worth approximately $31,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Kinder Morgan

In related news, VP Dax Sanders sold 1,729 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total value of $36,309.00. Following the completion of the transaction, the vice president now directly owns 307,409 shares of the company’s stock, valued at $6,455,589. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, VP Dax Sanders sold 1,729 shares of Kinder Morgan stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total value of $36,309.00. Following the completion of the transaction, the vice president now directly owns 307,409 shares of the company’s stock, valued at $6,455,589. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Sital K. Mody sold 21,413 shares of Kinder Morgan stock in a transaction dated 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 sale, the vice president now owns 25,169 shares of the company’s stock, valued at $534,841.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 148,311 shares of company stock worth $3,121,891. Insiders own 12.64% of the company’s stock.

Kinder Morgan Price Performance

KMI stock opened at $21.12 on Tuesday. The company has a current ratio of 0.37, a quick ratio of 0.28 and a debt-to-equity ratio of 0.90. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $21.86. The firm has a market capitalization of $46.87 billion, a PE ratio of 19.20, a P/E/G ratio of 2.94 and a beta of 0.93. The firm has a 50-day moving average of $20.92 and a two-hundred day moving average of $19.49.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The firm had revenue of $3.57 billion during the quarter, compared to analyst estimates of $4.13 billion. During the same quarter in the prior year, the company posted $0.24 EPS. The company’s quarterly revenue was up 2.0% on a year-over-year basis. On average, analysts forecast that Kinder Morgan, Inc. will post 1.19 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were paid a $0.2875 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.15 annualized dividend and a dividend yield of 5.45%. Kinder Morgan’s payout ratio is 104.55%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on KMI. Argus upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Friday, July 19th. Tudor Pickering raised shares of Kinder Morgan to a “strong-buy” rating in a research report on Thursday, May 30th. Barclays lifted their target price on shares of Kinder Morgan from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Monday, July 29th. UBS Group raised their price objective on shares of Kinder Morgan from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Finally, Truist Financial lifted their target price on shares of Kinder Morgan from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Friday, July 26th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.20.

Kinder Morgan 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.