Simmons Bank Lowers Stake in Kinder Morgan, Inc. (NYSE:KMI)

Simmons Bank trimmed its position in Kinder Morgan, Inc. (NYSE:KMI) by 12.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,122 shares of the pipeline company’s stock after selling 2,278 shares during the quarter. Simmons Bank’s holdings in Kinder Morgan were worth $442,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Retirement Wealth Solutions LLC acquired a new position in Kinder Morgan during the 4th quarter worth approximately $25,000. Centricity Wealth Management LLC acquired a new position in shares of Kinder Morgan in the fourth quarter worth about $25,000. Modus Advisors LLC purchased a new position in Kinder Morgan in the fourth quarter valued at about $27,000. Heck Capital Advisors LLC acquired a new stake in Kinder Morgan during the 4th quarter valued at approximately $29,000. Finally, Planning Capital Management Corp increased its holdings in Kinder Morgan by 143.6% during the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 797 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on KMI shares. Scotiabank initiated coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price on the stock. Wells Fargo & Company lifted their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Citigroup raised their price target on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. UBS Group increased their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, Barclays lifted their target price on Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Nine investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and an average target price of $29.14.

Kinder Morgan Price Performance

Shares of KMI opened at $26.23 on Friday. Kinder Morgan, Inc. has a one year low of $17.02 and a one year high of $31.48. The stock’s fifty day moving average is $27.76 and its 200-day moving average is $25.45. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The firm has a market capitalization of $58.28 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. Equities analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s dividend payout ratio is presently 98.29%.

Insider Activity at Kinder Morgan

In related news, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total value of $2,011,035.65. Following the sale, the vice president now directly owns 220,681 shares in the company, valued at $5,881,148.65. The trade was a 25.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the sale, the president now directly owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock valued at $3,504,136 over the last 90 days. 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.