Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by CHURCHILL MANAGEMENT Corp

CHURCHILL MANAGEMENT Corp grew its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 2.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 486,036 shares of the pipeline company's stock after buying an additional 9,756 shares during the period. CHURCHILL MANAGEMENT Corp's holdings in Kinder Morgan were worth $13,317,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. American Century Companies Inc. boosted its stake in Kinder Morgan by 1.6% during the second quarter. American Century Companies Inc. now owns 346,183 shares of the pipeline company's stock worth $6,879,000 after buying an additional 5,402 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Kinder Morgan by 2.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 88,969 shares of the pipeline company's stock valued at $1,768,000 after acquiring an additional 2,356 shares during the last quarter. J.W. Cole Advisors Inc. grew its holdings in shares of Kinder Morgan by 11.0% in the second quarter. J.W. Cole Advisors Inc. now owns 24,103 shares of the pipeline company's stock valued at $479,000 after purchasing an additional 2,385 shares during the period. One Capital Management LLC acquired a new stake in Kinder Morgan during the second quarter worth about $507,000. Finally, Edgestream Partners L.P. purchased a new position in Kinder Morgan during the second quarter worth about $213,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on KMI shares. Royal Bank of Canada increased their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a "sector perform" rating in a research note on Tuesday, October 22nd. UBS Group increased their price objective on Kinder Morgan from $33.00 to $34.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Barclays upped their price target on Kinder Morgan from $27.00 to $31.00 and gave the company an "equal weight" rating in a research note on Thursday. The Goldman Sachs Group raised their price objective on Kinder Morgan from $26.00 to $29.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Finally, Truist Financial increased their target price on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a "hold" rating in a research note on Thursday, October 17th. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Kinder Morgan currently has a consensus rating of "Moderate Buy" and an average price target of $27.00.

Kinder Morgan Stock Up 1.9 %

KMI traded up $0.57 during trading hours on Thursday, hitting $30.01. 21,207,807 shares of the company's stock were exchanged, compared to its average volume of 13,088,842. The firm has a market cap of $66.67 billion, a P/E ratio of 26.32, a price-to-earnings-growth ratio of 3.71 and a beta of 0.94. Kinder Morgan, Inc. has a 12-month low of $16.47 and a 12-month high of $30.07. 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 firm has a 50 day moving average of $27.54 and a 200 day moving average of $23.95.

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

Insider Buying and Selling

In other news, Director C Park Shaper sold 690,142 shares of the firm's stock in a transaction 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 sale, the director now directly owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. This trade represents a 9.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the transaction, the president now owns 861,652 shares of the company's stock, valued at approximately $24,048,707.32. The trade was a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 745,263 shares of company stock valued at $18,578,014 in the last three months. 12.64% of the stock is owned by corporate insiders.

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.