Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Farmers Trust Co.

Farmers Trust Co. trimmed its stake in Kinder Morgan, Inc. (NYSE:KMI) by 0.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 261,706 shares of the pipeline company’s stock after selling 1,578 shares during the quarter. Farmers Trust Co.’s holdings in Kinder Morgan were worth $5,781,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Oregon Public Employees Retirement Fund increased its position in Kinder Morgan by 0.3% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 165,827 shares of the pipeline company’s stock valued at $3,295,000 after acquiring an additional 530 shares during the period. Premier Path Wealth Partners LLC raised its stake in shares of Kinder Morgan by 1.4% during the second quarter. Premier Path Wealth Partners LLC now owns 39,525 shares of the pipeline company’s stock valued at $785,000 after purchasing an additional 545 shares in the last quarter. Newman Dignan & Sheerar Inc. lifted its holdings in Kinder Morgan by 4.3% in the first quarter. Newman Dignan & Sheerar Inc. now owns 13,173 shares of the pipeline company’s stock worth $242,000 after purchasing an additional 547 shares during the period. First Horizon Advisors Inc. grew its position in Kinder Morgan by 4.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 13,415 shares of the pipeline company’s stock valued at $267,000 after buying an additional 566 shares in the last quarter. Finally, Benjamin Edwards Inc. increased its stake in Kinder Morgan by 3.7% during the 2nd quarter. Benjamin Edwards Inc. now owns 15,967 shares of the pipeline company’s stock valued at $317,000 after buying an additional 571 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In related news, VP Sital K. Mody sold 21,413 shares of the company’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total transaction of $455,026.25. Following the transaction, the vice president now owns 25,169 shares in the company, valued at approximately $534,841.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, VP Sital K. Mody sold 21,413 shares of Kinder Morgan stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total value of $455,026.25. Following the completion of the sale, the vice president now directly owns 25,169 shares in the company, valued at $534,841.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Thomas A. Martin sold 100,000 shares of Kinder Morgan stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the sale, the president now owns 916,773 shares of the company’s stock, valued at approximately $19,261,400.73. The disclosure for this sale can be found here. Insiders sold 148,311 shares of company stock valued at $3,121,891 in the last ninety days. Insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Up 1.8 %

KMI stock opened at $23.35 on Friday. The business’s 50-day simple moving average is $21.40 and its 200 day simple moving average is $20.00. The company has a quick ratio of 0.28, a current ratio of 0.37 and a debt-to-equity ratio of 0.90. Kinder Morgan, Inc. has a twelve month low of $15.89 and a twelve month high of $23.42. The company has a market cap of $51.82 billion, a PE ratio of 21.23, a price-to-earnings-growth ratio of 3.09 and a beta of 0.93.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). The business had revenue of $3.57 billion for the quarter, compared to analyst estimates of $4.13 billion. Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. Kinder Morgan’s revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.24 earnings per share. On average, research analysts anticipate that Kinder Morgan, Inc. will post 1.19 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were issued a dividend of $0.2875 per share. The ex-dividend date was Wednesday, July 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.93%. Kinder Morgan’s payout ratio is presently 104.55%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on KMI shares. Royal Bank of Canada increased their price objective on shares of Kinder Morgan from $20.00 to $22.00 and gave the company a “sector perform” rating in a report on Tuesday, July 30th. Truist Financial boosted their price objective on Kinder Morgan from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Friday, July 26th. UBS Group lifted their target price on Kinder Morgan from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. 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 research report on Friday, July 19th. Finally, Morgan Stanley upgraded shares of Kinder Morgan from an “underweight” rating to an “equal weight” rating and set a $24.00 target price on the stock in a report on Monday, September 16th. Eight 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 stock. According to MarketBeat, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus price target of $22.55.

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.