Mendota Financial Group LLC Sells 4,018 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Mendota Financial Group LLC reduced its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 47.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,381 shares of the pipeline company’s stock after selling 4,018 shares during the period. Mendota Financial Group LLC’s holdings in Kinder Morgan were worth $120,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in Kinder Morgan by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 16,904,252 shares of the pipeline company’s stock valued at $335,891,000 after purchasing an additional 257,658 shares during the period. Kayne Anderson Capital Advisors LP grew its stake in shares of Kinder Morgan by 0.7% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 10,550,002 shares of the pipeline company’s stock worth $233,050,000 after acquiring an additional 69,307 shares during the period. Barclays PLC increased its holdings in Kinder Morgan by 39.9% in the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock worth $180,833,000 after acquiring an additional 2,334,273 shares during the last quarter. Marshall Wace LLP raised its stake in Kinder Morgan by 20.6% in the 2nd quarter. Marshall Wace LLP now owns 7,770,943 shares of the pipeline company’s stock valued at $154,409,000 after acquiring an additional 1,328,082 shares during the period. Finally, Bank of Montreal Can lifted its holdings in Kinder Morgan by 2.2% during the third quarter. Bank of Montreal Can now owns 7,485,834 shares of the pipeline company’s stock valued at $163,116,000 after purchasing an additional 164,152 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Activity

In other news, President Thomas A. Martin sold 19,121 shares of Kinder Morgan stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total transaction of $502,499.88. Following the sale, the president now owns 897,652 shares of the company’s stock, valued at approximately $23,590,294.56. The trade was a 2.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director C Park Shaper sold 690,142 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $24.75, for a total value of $17,081,014.50. Following the completion of the transaction, the director now owns 6,809,858 shares of the company’s stock, valued at approximately $168,543,985.50. The trade was a 9.20 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 745,263 shares of company stock valued at $18,578,014. 12.64% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on KMI shares. Scotiabank started coverage on shares of Kinder Morgan in a research report on Friday. They issued a “sector perform” rating and a $26.00 price target on the stock. Barclays increased their target price on Kinder Morgan from $24.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. Truist Financial lifted their price target on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. Bank of America began coverage on Kinder Morgan in a research note on Thursday, October 17th. They issued a “buy” rating and a $27.00 target price for the company. Finally, Wells Fargo & Company increased their price target on shares of Kinder Morgan from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.67.

Kinder Morgan Trading Up 1.3 %

KMI stock opened at $28.52 on Tuesday. Kinder Morgan, Inc. has a one year low of $16.47 and a one year high of $28.82. The company has a market capitalization of $63.36 billion, a PE ratio of 25.02, a price-to-earnings-growth ratio of 3.87 and a beta of 0.94. The company’s 50 day moving average price is $27.39 and its two-hundred day moving average price is $23.85. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46.

Kinder Morgan (NYSE:KMI) last posted 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). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the prior year, the firm earned $0.25 earnings per share. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. As a group, analysts predict that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a $0.2875 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.15 annualized dividend and a yield of 4.03%. Kinder Morgan’s payout ratio is currently 100.88%.

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.