Empowered Funds LLC Has $7.84 Million Position in Kinder Morgan, Inc. (NYSE:KMI)

Empowered Funds LLC grew its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 14.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 427,502 shares of the pipeline company’s stock after purchasing an additional 52,666 shares during the quarter. Empowered Funds LLC’s holdings in Kinder Morgan were worth $7,840,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in KMI. Charles Schwab Investment Management Inc. grew its holdings in Kinder Morgan by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 30,187,667 shares of the pipeline company’s stock worth $506,320,000 after acquiring an additional 317,980 shares during the last quarter. Norges Bank acquired a new stake in Kinder Morgan in the fourth quarter valued at $409,063,000. Dimensional Fund Advisors LP raised its position in Kinder Morgan by 16.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 16,387,752 shares of the pipeline company’s stock worth $289,087,000 after purchasing an additional 2,309,550 shares during the last quarter. Kayne Anderson Capital Advisors LP lifted its holdings in Kinder Morgan by 45.9% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 9,959,947 shares of the pipeline company’s stock worth $182,665,000 after buying an additional 3,135,457 shares during the period. Finally, Clearbridge Investments LLC grew its position in shares of Kinder Morgan by 1.9% in the 4th quarter. Clearbridge Investments LLC now owns 9,004,991 shares of the pipeline company’s stock valued at $158,807,000 after buying an additional 169,867 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wells Fargo & Company raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $18.00 to $22.00 in a research note on Tuesday, June 4th. Truist Financial reaffirmed a “hold” rating and issued a $20.00 price objective (down from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. Tudor Pickering upgraded shares of Kinder Morgan to a “strong-buy” rating in a report on Thursday, May 30th. Finally, UBS Group increased their price target on Kinder Morgan from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.

Kinder Morgan Stock Up 0.1 %

KMI stock traded up $0.03 during trading on Friday, reaching $20.19. 18,489,425 shares of the stock were exchanged, compared to its average volume of 12,652,707. The firm’s 50 day moving average is $19.59 and its 200 day moving average is $18.38. The firm has a market cap of $44.81 billion, a P/E ratio of 18.35, a price-to-earnings-growth ratio of 3.18 and a beta of 0.93. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a twelve month low of $15.89 and a twelve month high of $20.32.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The company had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same period last year, the business earned $0.30 EPS. Kinder Morgan’s quarterly revenue was down 1.2% compared to the same quarter last year. As a group, research analysts forecast that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were paid a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, April 29th. This represents a $1.15 dividend on an annualized basis and a yield of 5.70%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s payout ratio is 104.55%.

Insider Transactions at Kinder Morgan

In related news, VP Dax Sanders sold 50,000 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total transaction of $987,500.00. Following the transaction, the vice president now owns 259,069 shares of the company’s stock, valued at $5,116,612.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Michael C. Morgan sold 230,000 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $18.82, for a total value of $4,328,600.00. Following the transaction, the director now owns 345,087 shares in the company, valued at approximately $6,494,537.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Dax Sanders sold 50,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total value of $987,500.00. Following the sale, the vice president now directly owns 259,069 shares of the company’s stock, valued at $5,116,612.75. The disclosure for this sale can be found here. Company insiders own 12.64% of the company’s stock.

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.