5 Best Income Stocks To Invest In

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

Number of Hedge Fund Holders: 39

Dividend Yield (as of May 7): 5.97%

Kinder Morgan, Inc. (NYSE:KMI) is one of the largest energy infrastructure companies in North America. Founded in 1936 and headquartered in Houston, Texas, the company specializes in owning and controlling oil and gas pipelines and terminals. The company’s 85,000 miles of pipelines serve major consuming domestic markets and transport approximately 40% of the natural gas consumed in the United States.

Kinder Morgan, Inc. (NYSE:KMI) declared a $0.2775 per share quarterly dividend on April 20, a 2.8% increase from its prior dividend of $0.27. The dividend is payable on May 16, to shareholders of the company as of May 2. The company’s dividend yield on May 7 came in at 5.97%.

On April 20, Kinder Morgan, Inc. (NYSE:KMI) announced its financial results for the first fiscal quarter of 2022, posting an EPS of $0.32, beating Street estimates by $0.04. The $4.29 billion revenue surpassed market consensus forecasts by $546.32 million.

Earlier this April, Wells Fargo analyst Michael Blum upgraded Kinder Morgan, Inc. (NYSE:KMI) to Equal Weight from Underweight with a price target of $21, up from $19, to reflect higher assumed multiples for refined products assets in his sum-of-the-parts valuation. With inflation rising, the analyst believes Kinder Morgan, Inc. (NYSE:KMI) could benefit from a number of tailwinds, including higher products pipeline growth, higher CO2 segment earnings, strong demand for natural gas, and potential LNG liquefaction projects.

According to the fourth quarter database of Insider Monkey, 39 hedge funds held long positions in Kinder Morgan, Inc. (NYSE:KMI), with collective stakes worth about $999 million. Bob Peck and Andy Raab’s FPR Partners is the leading shareholder of the company, with 17.8 million shares worth $282.7 million.