Golden State Equity Partners Sells 591 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Golden State Equity Partners reduced its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 3.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,960 shares of the pipeline company’s stock after selling 591 shares during the period. Golden State Equity Partners’ holdings in Kinder Morgan were worth $330,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Northwest Investment Counselors LLC acquired a new stake in Kinder Morgan during the third quarter valued at approximately $28,000. HWG Holdings LP bought a new position in shares of Kinder Morgan during the 2nd quarter worth approximately $30,000. ZRC Wealth Management LLC acquired a new stake in Kinder Morgan in the 3rd quarter valued at $36,000. Pathway Financial Advisers LLC bought a new stake in Kinder Morgan in the first quarter valued at $30,000. Finally, AlphaMark Advisors LLC lifted its holdings in shares of Kinder Morgan by 92.5% during the second quarter. AlphaMark Advisors LLC now owns 1,925 shares of the pipeline company’s stock valued at $38,000 after acquiring an additional 925 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $24.51 on Friday. The business’s 50-day simple moving average is $22.79 and its 200 day simple moving average is $20.87. The company has a quick ratio of 0.28, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The stock has a market cap of $54.40 billion, a price-to-earnings ratio of 22.28, a P/E/G ratio of 3.06 and a beta of 0.93. Kinder Morgan, Inc. has a 12-month low of $16.06 and a 12-month high of $25.43.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the prior year, the firm earned $0.25 EPS. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. As a group, research analysts anticipate that Kinder Morgan, Inc. will post 1.19 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date is Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is currently 104.55%.

Insider Transactions at Kinder Morgan

In related news, Director C Park Shaper sold 690,142 shares of the company’s stock in a transaction dated Monday, October 21st. The stock was 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the vice president now owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director C Park Shaper sold 690,142 shares of Kinder Morgan 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 directly 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. 12.64% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KMI. JPMorgan Chase & Co. upped their target price on shares of Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Argus raised 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. Scotiabank boosted their target price on Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 17th. Bank of America started coverage on Kinder Morgan in a report on Thursday, October 17th. They set a “buy” rating and a $27.00 price target for the company. Finally, UBS Group boosted their price objective on Kinder Morgan from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Eight analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.