Golden State Equity Partners Lowers Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Golden State Equity Partners trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,771 shares of the pipeline company’s stock after selling 963 shares during the quarter. Golden State Equity Partners’ holdings in Kinder Morgan were worth $296,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KMI. Czech National Bank raised its position in shares of Kinder Morgan by 45.0% during the 3rd quarter. Czech National Bank now owns 338,810 shares of the pipeline company’s stock worth $5,617,000 after acquiring an additional 105,196 shares in the last quarter. Linden Thomas Advisory Services LLC increased its position in Kinder Morgan by 3.5% during the third quarter. Linden Thomas Advisory Services LLC now owns 131,184 shares of the pipeline company’s stock worth $2,175,000 after buying an additional 4,457 shares during the period. Armor Investment Advisors LLC increased its position in Kinder Morgan by 22.2% during the third quarter. Armor Investment Advisors LLC now owns 25,584 shares of the pipeline company’s stock worth $424,000 after buying an additional 4,654 shares during the period. Baxter Bros Inc. increased its position in Kinder Morgan by 1.8% during the third quarter. Baxter Bros Inc. now owns 112,908 shares of the pipeline company’s stock worth $1,872,000 after buying an additional 2,035 shares during the period. Finally, Hoertkorn Richard Charles increased its position in Kinder Morgan by 0.3% during the third quarter. Hoertkorn Richard Charles now owns 557,492 shares of the pipeline company’s stock worth $9,243,000 after buying an additional 1,600 shares during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Trading Down 0.6 %

NYSE:KMI opened at $18.68 on Friday. The firm has a market cap of $41.46 billion, a P/E ratio of 16.98, a PEG ratio of 5.28 and a beta of 0.90. The company has a current ratio of 0.50, a quick ratio of 0.28 and a debt-to-equity ratio of 0.95. The stock’s 50 day simple moving average is $17.98 and its 200-day simple moving average is $17.48. Kinder Morgan, Inc. has a 12-month low of $15.89 and a 12-month high of $18.92.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.34. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The business had revenue of $3.84 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same quarter in the previous year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. Equities analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 6.16%. The ex-dividend date of this dividend is Monday, April 29th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s dividend payout ratio is currently 102.73%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. StockNews.com lowered Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Truist Financial reaffirmed a “hold” rating and set a $20.00 price target (down previously from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $20.20.

Insider Buying and Selling

In related news, Director Michael C. Morgan sold 230,000 shares of the company’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the transaction, the director now owns 345,087 shares of the company’s stock, valued at $6,494,537.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 12.64% of the stock is currently owned by corporate 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.