Bank of Stockton Has $500,000 Stake in Kinder Morgan, Inc. (NYSE:KMI)

Bank of Stockton reduced its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 19.3% during the 3rd quarter, Holdings Channel reports. The fund owned 22,629 shares of the pipeline company’s stock after selling 5,395 shares during the quarter. Bank of Stockton’s holdings in Kinder Morgan were worth $500,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Park Avenue Securities LLC boosted its stake in Kinder Morgan by 5.5% in the first quarter. Park Avenue Securities LLC now owns 46,023 shares of the pipeline company’s stock worth $844,000 after purchasing an additional 2,379 shares in the last quarter. Wealthcare Advisory Partners LLC raised its holdings in shares of Kinder Morgan by 17.0% in the first quarter. Wealthcare Advisory Partners LLC now owns 43,710 shares of the pipeline company’s stock valued at $802,000 after buying an additional 6,354 shares during the last quarter. 180 Wealth Advisors LLC lifted its position in Kinder Morgan by 3.7% during the 1st quarter. 180 Wealth Advisors LLC now owns 18,421 shares of the pipeline company’s stock worth $338,000 after buying an additional 652 shares in the last quarter. Pinnacle Bancorp Inc. grew its holdings in Kinder Morgan by 138.9% during the 1st quarter. Pinnacle Bancorp Inc. now owns 3,096 shares of the pipeline company’s stock worth $57,000 after acquiring an additional 1,800 shares during the last quarter. Finally, KRS Capital Management LLC increased its position in Kinder Morgan by 8.4% in the 1st quarter. KRS Capital Management LLC now owns 16,463 shares of the pipeline company’s stock valued at $302,000 after acquiring an additional 1,281 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director C Park Shaper sold 690,142 shares of Kinder Morgan stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the transaction, the director now owns 6,809,858 shares in the company, valued at $168,543,985.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, VP Dax Sanders sold 1,729 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the sale, the vice president now owns 307,409 shares of the company’s stock, valued at $6,455,589. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director C Park Shaper sold 690,142 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the transaction, the director now owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 817,040 shares of company stock worth $19,747,879 over the last ninety days. 12.64% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently commented on KMI shares. Argus raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Friday, July 19th. The Goldman Sachs Group reiterated a “conviction-buy” rating on shares of Kinder Morgan in a research report on Friday, October 18th. Bank of America started coverage on Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 target price for the company. Morgan Stanley set a $26.00 price target on Kinder Morgan in a report on Friday, October 18th. Finally, Royal Bank of Canada boosted their price objective on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and an average target price of $24.91.

Kinder Morgan Trading Up 0.5 %

Shares of NYSE:KMI traded up $0.13 during mid-day trading on Friday, reaching $25.12. The stock had a trading volume of 2,654,147 shares, compared to its average volume of 13,771,379. The firm has a 50 day simple moving average of $22.35 and a two-hundred day simple moving average of $20.61. Kinder Morgan, Inc. has a twelve month low of $15.91 and a twelve month high of $25.43. The firm has a market cap of $55.75 billion, a PE ratio of 22.72, a price-to-earnings-growth ratio of 3.27 and a beta of 0.93. The company has a current ratio of 0.37, a quick ratio of 0.28 and a debt-to-equity ratio of 0.90.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter last year, the business posted $0.25 earnings per share. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. On average, research analysts predict that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a $0.2875 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a yield of 4.58%. Kinder Morgan’s payout ratio is 104.55%.

Kinder Morgan Company 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.