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

Bank of Stockton cut its stake in Kinder Morgan, Inc. (NYSE:KMI) by 19.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of KMI. Park Avenue Securities LLC raised its stake in shares of Kinder Morgan by 5.5% during the 1st 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 lifted its stake in 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 acquiring an additional 6,354 shares during the last quarter. 180 Wealth Advisors LLC grew its position in Kinder Morgan by 3.7% in the first quarter. 180 Wealth Advisors LLC now owns 18,421 shares of the pipeline company’s stock worth $338,000 after acquiring an additional 652 shares in the last quarter. Pinnacle Bancorp Inc. increased its stake in shares of 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 purchasing an additional 1,800 shares during the last quarter. Finally, KRS Capital Management LLC raised its holdings in shares of Kinder Morgan by 8.4% during the 1st quarter. KRS Capital Management LLC now owns 16,463 shares of the pipeline company’s stock valued at $302,000 after purchasing an additional 1,281 shares in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Stock Performance

Kinder Morgan stock traded up $0.13 during mid-day trading on Friday, reaching $25.12. The company had a trading volume of 2,654,147 shares, compared to its average volume of 13,771,379. The company has a quick ratio of 0.28, a current ratio of 0.37 and a debt-to-equity ratio of 0.90. The firm has a market cap of $55.75 billion, a price-to-earnings ratio of 22.72, a PEG ratio of 3.27 and a beta of 0.93. The company has a 50 day moving average of $22.35 and a 200-day moving average of $20.61. Kinder Morgan, Inc. has a 52 week low of $15.91 and a 52 week high of $25.43.

Kinder Morgan (NYSE:KMI) last released 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 net margin of 15.93% and a return on equity of 7.89%. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the previous year, the business posted $0.25 EPS. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. On average, sell-side analysts expect that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

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

Insider Activity at Kinder Morgan

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KMI. Argus upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Friday, July 19th. JPMorgan Chase & Co. upped their price target on Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. UBS Group raised their price objective on Kinder Morgan from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday. Wells Fargo & Company increased their price target on Kinder Morgan from $22.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Finally, Barclays boosted their price objective on shares of Kinder Morgan from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Friday, September 13th. Eight analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Kinder Morgan has a consensus rating of “Moderate Buy” and an average price target of $24.91.

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.