Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Butensky & Cohen Financial Security Inc.

Butensky & Cohen Financial Security Inc. lowered its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 17.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 223,083 shares of the pipeline company's stock after selling 46,781 shares during the quarter. Kinder Morgan makes up approximately 1.9% of Butensky & Cohen Financial Security Inc.'s holdings, making the stock its 3rd biggest holding. Butensky & Cohen Financial Security Inc.'s holdings in Kinder Morgan were worth $6,112,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KMI. Sumitomo Mitsui Trust Group Inc. lifted its position in Kinder Morgan by 0.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company's stock worth $101,422,000 after buying an additional 29,861 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in Kinder Morgan by 3.5% in the third quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company's stock valued at $504,000 after buying an additional 776 shares during the period. Principal Financial Group Inc. boosted its stake in Kinder Morgan by 3.2% in the third quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company's stock valued at $50,624,000 after acquiring an additional 71,984 shares during the last quarter. Czech National Bank grew its holdings in Kinder Morgan by 6.9% during the 3rd quarter. Czech National Bank now owns 393,351 shares of the pipeline company's stock worth $8,689,000 after acquiring an additional 25,406 shares during the period. Finally, Barclays PLC raised its position in shares of Kinder Morgan by 39.9% during the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company's stock valued at $180,833,000 after acquiring an additional 2,334,273 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on KMI. Scotiabank initiated coverage on Kinder Morgan in a research report on Friday, January 10th. They issued a "sector perform" rating and a $26.00 price target on the stock. UBS Group upped their price target on Kinder Morgan from $33.00 to $34.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Wells Fargo & Company lifted their price objective on shares of Kinder Morgan from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. Truist Financial upped their target price on shares of Kinder Morgan from $22.00 to $25.00 and gave the company a "hold" rating in a research note on Thursday, October 17th. Finally, Barclays lifted their price target on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an "equal weight" rating in a research report on Thursday. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Kinder Morgan has an average rating of "Moderate Buy" and an average price target of $27.00.

Kinder Morgan Stock Up 0.9 %

Shares of Kinder Morgan stock traded up $0.26 during trading on Friday, reaching $30.32. The stock had a trading volume of 15,710,662 shares, compared to its average volume of 10,053,223. 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 market capitalization of $67.36 billion, a price-to-earnings ratio of 26.59, a P/E/G ratio of 3.71 and a beta of 0.94. The stock has a fifty day moving average price of $27.68 and a two-hundred day moving average price of $24.07. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $30.51.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the previous year, the firm posted $0.25 EPS. The company's revenue was down 5.3% on a year-over-year basis. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.17 EPS for the current fiscal year.

Insider Transactions at Kinder Morgan

In related news, Director Amy W. Chronis bought 2,241 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were acquired at an average price of $24.89 per share, with a total value of $55,778.49. Following the completion of the transaction, the director now owns 23,995 shares in the company, valued at $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. 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 stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the transaction, the president now directly owns 861,652 shares of the company's stock, valued at $24,048,707.32. This trade represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 745,263 shares of company stock valued at $18,578,014 over the last 90 days. 12.81% of the stock is owned by corporate insiders.

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.