Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. lessened its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 14.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 564,447 shares of the pipeline company’s stock after selling 92,801 shares during the period. First Citizens Bank & Trust Co.’s holdings in Kinder Morgan were worth $15,466,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Retirement Wealth Solutions LLC acquired a new position in Kinder Morgan in the 4th quarter valued at $25,000. Modus Advisors LLC bought a new stake in Kinder Morgan in the fourth quarter valued at approximately $27,000. Northwest Investment Counselors LLC acquired a new position in shares of Kinder Morgan in the third quarter valued at approximately $28,000. Planning Capital Management Corp boosted its holdings in Kinder Morgan by 143.6% during the third 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. Finally, HM Payson & Co. boosted its holdings in Kinder Morgan by 401.8% during the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock worth $32,000 after purchasing an additional 1,145 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $30.23 on Friday. The company has a market cap of $67.16 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 4.13 and a beta of 0.94. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The company has a 50 day moving average of $28.03 and a 200-day moving average of $24.44. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $31.48.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.10% and a net margin of 17.31%. As a group, equities research analysts forecast that Kinder Morgan, Inc. will post 1.27 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan’s dividend payout ratio is 98.29%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on KMI. Mizuho increased their price objective on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday. Bank of America initiated coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 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 company an “overweight” rating in a research note on Thursday. UBS Group lifted their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, The Goldman Sachs Group boosted their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Eight analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $28.92.

Insider Buying and Selling at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the transaction, the president now owns 861,652 shares in the company, valued at $24,048,707.32. This trade represents a 2.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Amy W. Chronis acquired 2,241 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average cost of $24.89 per share, with a total value of $55,778.49. Following the completion of the purchase, the director now owns 23,995 shares in the company, valued at $597,235.55. The trade was a 10.30 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 55,121 shares of company stock valued at $1,497,000 in the last three months. 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.