Farmers Trust Co. Sells 17,235 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Farmers Trust Co. decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 6.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 244,471 shares of the pipeline company’s stock after selling 17,235 shares during the period. Kinder Morgan makes up 1.3% of Farmers Trust Co.’s holdings, making the stock its 18th biggest position. Farmers Trust Co.’s holdings in Kinder Morgan were worth $6,699,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Modus Advisors LLC bought a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $27,000. Northwest Investment Counselors LLC bought a new stake in shares of Kinder Morgan during the 3rd quarter worth approximately $28,000. HWG Holdings LP acquired a new stake in shares of Kinder Morgan during the 2nd quarter worth approximately $30,000. Planning Capital Management Corp raised its position in Kinder Morgan by 143.6% during the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 797 shares in the last quarter. Finally, Strategic Financial Concepts LLC bought a new stake in Kinder Morgan during the second quarter worth $31,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Activity

In other news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total transaction of $492,120.00. Following the completion of the sale, the president now directly owns 879,652 shares of the company’s stock, valued at $24,049,685.68. The trade was a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Amy W. Chronis purchased 2,241 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was acquired at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the transaction, the director now owns 23,995 shares in the company, valued at $597,235.55. This represents a 10.30 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 745,263 shares of company stock worth $18,578,014. Company insiders own 12.81% of the company’s stock.

Kinder Morgan Trading Up 1.2 %

KMI traded up $0.34 during trading on Wednesday, reaching $28.15. 7,682,575 shares of the stock traded hands, compared to its average volume of 11,053,677. The stock’s 50-day moving average is $27.08 and its 200 day moving average is $23.61. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $28.81. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $62.54 billion, a PE ratio of 24.69, a P/E/G ratio of 3.87 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 earnings per share. Equities analysts anticipate that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend was Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is currently 100.88%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Morgan Stanley set a $26.00 price target on Kinder Morgan in a report on Friday, October 18th. Barclays raised their price target on shares of Kinder Morgan from $24.00 to $27.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. The Goldman Sachs Group increased their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Royal Bank of Canada upped their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. Finally, Truist Financial boosted their price objective on Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.25.

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.