Camden National Bank Has $9.54 Million Stake in Kinder Morgan, Inc. (NYSE:KMI)

Camden National Bank lowered its stake in Kinder Morgan, Inc. (NYSE:KMI) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 348,111 shares of the pipeline company’s stock after selling 13,852 shares during the period. Kinder Morgan accounts for 1.4% of Camden National Bank’s portfolio, making the stock its 29th largest position. Camden National Bank’s holdings in Kinder Morgan were worth $9,538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the stock. Retirement Wealth Solutions LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at $25,000. Centricity Wealth Management LLC acquired a new position in shares of Kinder Morgan during the fourth quarter valued at $25,000. Modus Advisors LLC bought 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 in the fourth quarter worth about $29,000. Finally, Planning Capital Management Corp raised 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. Institutional investors own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group raised their target price on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. UBS Group raised their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Scotiabank initiated coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price for the company. Barclays upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price target on the stock in a research report on Monday, March 3rd. Finally, Morgan Stanley lifted their price objective on Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.64.

Kinder Morgan Stock Down 0.6 %

Shares of KMI stock opened at $26.14 on Friday. Kinder Morgan, Inc. has a 12-month low of $17.45 and a 12-month high of $31.48. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The firm has a fifty day moving average of $27.71 and a 200-day moving average of $25.68. The company has a market capitalization of $58.09 billion, a price-to-earnings ratio of 22.35, a P/E/G ratio of 3.08 and a beta of 0.94.

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 8.09% and a net margin of 17.31%. As a group, equities research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.2875 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.40%. Kinder Morgan’s dividend payout ratio is 98.29%.

Insider Activity

In other news, VP John W. Schlosser sold 75,461 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the completion of the sale, the vice president now owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. This represents a 25.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total transaction of $498,600.00. Following the completion of the transaction, the president now directly owns 843,652 shares of the company’s stock, valued at $23,369,160.40. This represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock worth $3,490,996 in the last quarter. Corporate insiders own 12.64% of the company’s stock.

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.