5 Best Dividend Stocks to Buy in August

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In this article, we will be looking at the 5 best dividend stocks to buy in August. If you want to see our detailed analysis of these stocks, you can go directly to the 10 Best Dividend Stocks to Buy in August.

5. Kinder Morgan, Inc. (NYSE: KMI)

Number of Hedge Fund Holders: 38
Dividend Yield: 6.2%

Kinder Morgan, Inc. (NYSE: KMI), an energy infrastructure company, operates as a leader in the energy industry in North America. The company owns and controls oil and gas pipelines and terminals and ranks 5th on our list of the best dividend stocks to buy in August.

Mizuho analyst Gabriel Moreen this July raised the price target on Kinder Morgan, Inc. (NYSE: KMI) shares. The new price target is $22, with Moreen also reiterating a Buy rating on the stock.

In the second quarter of 2021, Kinder Morgan, Inc. (NYSE: KMI) had an EPS of $0.23, beating estimates by $0.03. The company’s revenue was $3.15 billion, up 23.05% year over year and also beating estimates by $237.33 million. Kinder Morgan, Inc. (NYSE: KMI) has also gained 22.81% in the past 6 months and 27.06% year to date.

By the end of the first quarter of 2021, 38 hedge funds out of the 866 tracked by Insider Monkey held stakes in Kinder Morgan, Inc. (NYSE: KMI) worth roughly $1.19 billion. This is compared to 42 hedge funds in the previous quarter with a total stake value of approximately $1.03 billion.


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