Tempus Wealth Planning LLC Buys 9,354 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Tempus Wealth Planning LLC boosted its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 10.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,096 shares of the pipeline company’s stock after purchasing an additional 9,354 shares during the period. Kinder Morgan comprises 0.8% of Tempus Wealth Planning LLC’s holdings, making the stock its 28th biggest holding. Tempus Wealth Planning LLC’s holdings in Kinder Morgan were worth $1,836,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Kinder Morgan in the 4th quarter worth $409,063,000. Confluence Investment Management LLC acquired a new position in Kinder Morgan during the 1st quarter valued at about $87,627,000. Dimensional Fund Advisors LP raised its stake in 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 buying an additional 2,309,550 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Kinder Morgan by 1,602.8% in the fourth quarter. International Assets Investment Management LLC now owns 2,082,420 shares of the pipeline company’s stock worth $36,734,000 after acquiring an additional 1,960,125 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Kinder Morgan by 1,485.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,796,555 shares of the pipeline company’s stock worth $31,691,000 after acquiring an additional 1,683,260 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the business’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the transaction, the director now owns 345,087 shares of the company’s stock, valued at $6,494,537.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Dax Sanders sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total transaction of $987,500.00. Following the completion of the sale, the vice president now owns 259,069 shares in the company, valued at approximately $5,116,612.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael C. Morgan sold 230,000 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $18.82, for a total value of $4,328,600.00. Following the completion of the transaction, the director now owns 345,087 shares in the company, valued at $6,494,537.34. The disclosure for this sale can be found here. 12.81% of the stock is owned by insiders.

Wall Street Analyst Weigh In

KMI has been the subject of a number of recent analyst reports. Tudor Pickering upgraded shares of Kinder Morgan to a “strong-buy” rating in a research note on Thursday, May 30th. UBS Group lifted their price objective on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Wells Fargo & Company upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $18.00 to $22.00 in a research note on Tuesday, June 4th. Finally, Truist Financial reiterated a “hold” rating and set a $20.00 price target (down previously from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $21.00.

Kinder Morgan Stock Performance

NYSE KMI traded up $0.24 during mid-day trading on Thursday, reaching $19.96. 11,016,115 shares of the stock were exchanged, compared to its average volume of 12,767,919. Kinder Morgan, Inc. has a 1 year low of $15.89 and a 1 year high of $20.19. The business’s 50 day moving average is $19.38 and its 200-day moving average is $18.27. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.38 and a current ratio of 0.50. The company has a market capitalization of $44.30 billion, a P/E ratio of 18.15, a P/E/G ratio of 3.11 and a beta of 0.93.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, meeting 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 analyst estimates of $4.36 billion. During the same quarter last year, the firm posted $0.30 EPS. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, equities research analysts forecast that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 5.76%. The ex-dividend date of this dividend was Monday, April 29th. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s dividend payout ratio is currently 104.55%.

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.