Pines Wealth Management LLC Acquires New Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Pines Wealth Management LLC bought a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,249 shares of the pipeline company's stock, valued at approximately $542,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. SeaCrest Wealth Management LLC grew its holdings in shares of Kinder Morgan by 10.8% in the fourth quarter. SeaCrest Wealth Management LLC now owns 22,951 shares of the pipeline company's stock worth $629,000 after purchasing an additional 2,240 shares during the last quarter. Accurate Wealth Management LLC boosted its position in Kinder Morgan by 20.2% during the 4th quarter. Accurate Wealth Management LLC now owns 22,281 shares of the pipeline company's stock valued at $628,000 after buying an additional 3,743 shares during the period. Ignite Planners LLC grew its holdings in Kinder Morgan by 3.9% in the 4th quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company's stock worth $282,000 after acquiring an additional 372 shares during the last quarter. Capital CS Group LLC purchased a new position in shares of Kinder Morgan in the fourth quarter valued at about $644,000. Finally, Rosenberg Matthew Hamilton raised its stake in shares of Kinder Morgan by 9.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 11,225 shares of the pipeline company's stock valued at $308,000 after acquiring an additional 944 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Insider Activity

In other Kinder Morgan news, Director Amy W. Chronis bought 2,241 shares of Kinder Morgan stock in a transaction on Tuesday, November 5th. The stock was acquired at an average price of $24.89 per share, with a total value of $55,778.49. Following the acquisition, the director now owns 23,995 shares in the company, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director C Park Shaper sold 690,142 shares of the business's stock in a transaction on Monday, October 21st. The stock was 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 $168,543,985.50. This represents a 9.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 745,263 shares of company stock worth $18,578,014 over the last three months. 12.64% of the stock is currently owned by corporate insiders.

Kinder Morgan Stock Up 1.1 %

Shares of NYSE KMI traded up $0.31 on Wednesday, reaching $29.43. 12,098,880 shares of the company's stock traded hands, compared to its average volume of 12,173,254. The business's 50 day simple moving average is $27.47 and its two-hundred day simple moving average is $23.91. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $29.58. The company has a market cap of $65.38 billion, a price-to-earnings ratio of 25.82, a price-to-earnings-growth ratio of 3.87 and a beta of 0.94. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by ($0.02). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The company had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $4.05 billion. During the same quarter in the previous year, the firm posted $0.25 EPS. The firm's quarterly revenue was down 5.3% compared to the same quarter last year. As a group, equities research analysts forecast that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Morgan Stanley set a $26.00 price target on Kinder Morgan in a report on Friday, October 18th. Royal Bank of Canada boosted their target price on Kinder Morgan from $24.00 to $26.00 and gave the company a "sector perform" rating in a research note on Tuesday, October 22nd. 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 price target for the company. The Goldman Sachs Group boosted their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Finally, Barclays lifted their target price on shares of Kinder Morgan from $24.00 to $27.00 and gave the company an "equal weight" rating in a research note on Tuesday, December 17th. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $26.67.

Kinder Morgan 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.