Bank of Stockton Sells 2,535 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Bank of Stockton trimmed its position in Kinder Morgan, Inc. (NYSE:KMI) by 11.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 20,094 shares of the pipeline company’s stock after selling 2,535 shares during the quarter. Bank of Stockton’s holdings in Kinder Morgan were worth $551,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Retirement Wealth Solutions LLC bought a new position in Kinder Morgan in the 4th quarter valued at $25,000. Centricity Wealth Management LLC bought a new position in shares of Kinder Morgan in the 4th quarter worth $25,000. Modus Advisors LLC bought a new position in shares of Kinder Morgan in the 4th quarter worth $27,000. Heck Capital Advisors LLC bought a new position in shares of Kinder Morgan in the 4th quarter worth $29,000. Finally, Planning Capital Management Corp boosted its position in shares of Kinder Morgan by 143.6% in the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 797 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Stock Performance

KMI opened at $26.61 on Friday. The business’s 50-day moving average price is $27.78 and its two-hundred day moving average price is $25.26. Kinder Morgan, Inc. has a 1 year low of $17.02 and a 1 year high of $31.48. The company has a market capitalization of $59.13 billion, a price-to-earnings ratio of 22.74, a P/E/G ratio of 3.11 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. Equities analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s dividend payout ratio is currently 98.29%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Scotiabank assumed coverage on Kinder Morgan in a research report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price target on the stock. Morgan Stanley raised their price target on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Citigroup raised their price target on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. The Goldman Sachs Group raised their price objective on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Truist Financial raised their price objective on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $29.14.

Insider Activity at Kinder Morgan

In related news, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the sale, the vice president now owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. The trade was a 25.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the sale, the president now directly owns 861,652 shares in the company, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 129,461 shares of company stock valued at $3,504,136. 12.64% of the stock is owned by insiders.

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.