Bar Harbor Wealth Management Sells 1,144 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Bar Harbor Wealth Management decreased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.7% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 161,959 shares of the pipeline company’s stock after selling 1,144 shares during the period. Bar Harbor Wealth Management’s holdings in Kinder Morgan were worth $3,578,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. SageView Advisory Group LLC increased its holdings in Kinder Morgan by 13.8% during the 4th quarter. SageView Advisory Group LLC now owns 23,460 shares of the pipeline company’s stock worth $404,000 after acquiring an additional 2,853 shares during the period. GAMMA Investing LLC grew its position in Kinder Morgan by 12.4% during the first quarter. GAMMA Investing LLC now owns 12,438 shares of the pipeline company’s stock worth $228,000 after buying an additional 1,377 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its position in shares of Kinder Morgan by 20.7% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 4,619 shares of the pipeline company’s stock valued at $85,000 after acquiring an additional 793 shares during the last quarter. Alaska Permanent Fund Corp purchased a new position in shares of Kinder Morgan during the first quarter worth about $57,000. Finally, Czech National Bank increased its position in shares of Kinder Morgan by 0.5% in the first quarter. Czech National Bank now owns 340,351 shares of the pipeline company’s stock worth $6,242,000 after purchasing an additional 1,655 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Down 0.4 %

Shares of NYSE KMI opened at $24.82 on Friday. The stock has a market cap of $55.09 billion, a P/E ratio of 22.56, a price-to-earnings-growth ratio of 3.27 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.37 and a quick ratio of 0.28. Kinder Morgan, Inc. has a 1 year low of $15.91 and a 1 year high of $25.43. The firm has a 50-day moving average of $22.04 and a 200 day moving average of $20.42.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.02). The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $4.05 billion. Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. Kinder Morgan’s revenue was down 5.3% on a year-over-year basis. During the same period last year, the business earned $0.25 EPS. As a group, sell-side analysts expect that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date is Thursday, October 31st. Kinder Morgan’s payout ratio is currently 104.55%.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 100,000 shares of Kinder Morgan stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $21.01, for a total value of $2,101,000.00. Following the completion of the sale, the president now directly owns 916,773 shares in the company, valued at approximately $19,261,400.73. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, President Thomas A. Martin sold 100,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were 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 $19,261,400.73. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Sital K. Mody sold 21,413 shares of the business’s stock in a transaction that occurred on 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 directly owns 25,169 shares of the company’s stock, valued at $534,841.25. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 148,311 shares of company stock valued at $3,121,891 over the last ninety days. Insiders own 12.64% of the company’s stock.

Analysts Set New Price Targets

KMI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Stifel Nicolaus increased their price objective on Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a research report on Tuesday, August 27th. Wells Fargo & Company boosted their target price on Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday. Argus raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Friday, July 19th. Finally, Truist Financial lifted their price target on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $24.09.

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.