Golden State Equity Partners Sells 963 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Golden State Equity Partners trimmed its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 5.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. SageView Advisory Group LLC lifted its position in shares of Kinder Morgan by 3.0% during the third quarter. SageView Advisory Group LLC now owns 20,607 shares of the pipeline company’s stock worth $342,000 after purchasing an additional 596 shares during the last quarter. Wesbanco Bank Inc. lifted its position in shares of Kinder Morgan by 0.4% during the third quarter. Wesbanco Bank Inc. now owns 148,549 shares of the pipeline company’s stock worth $2,463,000 after purchasing an additional 599 shares during the last quarter. Cubic Asset Management LLC raised its holdings in shares of Kinder Morgan by 5.1% in the fourth quarter. Cubic Asset Management LLC now owns 12,292 shares of the pipeline company’s stock valued at $217,000 after acquiring an additional 600 shares in the last quarter. Argonautica Private Wealth Management Inc. raised its holdings in shares of Kinder Morgan by 0.8% in the third quarter. Argonautica Private Wealth Management Inc. now owns 80,421 shares of the pipeline company’s stock valued at $1,333,000 after acquiring an additional 615 shares in the last quarter. Finally, Pacifica Partners Inc. raised its holdings in shares of Kinder Morgan by 0.3% in the fourth quarter. Pacifica Partners Inc. now owns 183,827 shares of the pipeline company’s stock valued at $3,217,000 after acquiring an additional 620 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on KMI shares. StockNews.com downgraded Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Truist Financial reiterated a “hold” rating and issued a $20.00 target price (down previously from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Kinder Morgan currently has a consensus rating of “Hold” and a consensus price target of $20.20.

Insider Transactions at Kinder Morgan

In other news, Director Michael C. Morgan sold 230,000 shares of the business’s stock in a transaction dated 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 sale, the director now owns 345,087 shares in the company, valued at $6,494,537.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 12.64% of the company’s stock.

Kinder Morgan Price Performance

KMI opened at $18.68 on Friday. The business’s 50-day moving average is $17.98 and its two-hundred day moving average is $17.48. Kinder Morgan, Inc. has a 1 year low of $15.89 and a 1 year high of $18.92. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.50 and a quick ratio of 0.28. The firm has a market capitalization of $41.46 billion, a PE ratio of 16.98, a price-to-earnings-growth ratio of 5.28 and a beta of 0.90.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, hitting 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 firm earned $0.30 earnings per share. The company’s revenue was down 1.2% on a year-over-year basis. Research analysts anticipate that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

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

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.