Sunflower Bank N.A. Trims Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Sunflower Bank N.A. reduced its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 11.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,128 shares of the pipeline company’s stock after selling 1,436 shares during the period. Sunflower Bank N.A.’s holdings in Kinder Morgan were worth $204,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Tucker Asset Management LLC purchased a new position in shares of Kinder Morgan during the 3rd quarter valued at $25,000. True Wealth Design LLC lifted its holdings in shares of Kinder Morgan by 3,655.3% during the 4th quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 1,389 shares during the last quarter. Altshuler Shaham Ltd bought a new stake in shares of Kinder Morgan during the 4th quarter worth $26,000. Activest Wealth Management bought a new stake in shares of Kinder Morgan during the 4th quarter worth $30,000. Finally, Rakuten Securities Inc. bought a new position in shares of Kinder Morgan during the fourth quarter valued at about $33,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Price Performance

Shares of NYSE KMI traded down $0.15 during midday trading on Friday, reaching $19.65. The stock had a trading volume of 6,108,260 shares, compared to its average volume of 13,391,981. The company has a market capitalization of $43.61 billion, a price-to-earnings ratio of 18.01, a price-to-earnings-growth ratio of 3.12 and a beta of 0.92. The stock has a 50-day moving average of $19.10 and a 200-day moving average of $18.12. Kinder Morgan, Inc. has a 12-month low of $15.89 and a 12-month high of $20.07. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.38 and a current ratio of 0.50.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. The company had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. Kinder Morgan’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period last year, the company posted $0.30 earnings per share. As a group, research analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were paid a $0.2875 dividend. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date was Monday, April 29th. Kinder Morgan’s dividend payout ratio (DPR) is presently 104.55%.

Insiders Place Their Bets

In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of Kinder Morgan stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $18.82, for a total value of $4,328,600.00. Following the completion of the transaction, the director now directly owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Michael C. Morgan sold 230,000 shares of the firm’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $18.82, for a total value of $4,328,600.00. Following the completion of the sale, the director now owns 345,087 shares in the company, valued at approximately $6,494,537.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Dax Sanders sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total transaction of $987,500.00. Following the completion of the sale, the vice president now owns 259,069 shares of the company’s stock, valued at approximately $5,116,612.75. The disclosure for this sale can be found here. Corporate insiders own 12.64% of the company’s stock.

Wall Street Analysts Forecast Growth

KMI has been the topic of several research analyst reports. StockNews.com cut shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. UBS Group upped their price objective on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Wells Fargo & Company upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $18.00 to $22.00 in a report on Tuesday, June 4th. Tudor Pickering upgraded shares of Kinder Morgan to a “strong-buy” rating in a report on Thursday, May 30th. Finally, Truist Financial reiterated a “hold” rating and set a $20.00 price target (down previously from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.

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.