Contravisory Investment Management Inc. purchased a new position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,097 shares of the pipeline company's stock, valued at approximately $304,000.
A number of other large investors have also modified their holdings of KMI. Modus Advisors LLC acquired a new stake in Kinder Morgan in the fourth quarter worth about $27,000. Northwest Investment Counselors LLC acquired a new position in shares of Kinder Morgan during the third quarter valued at approximately $28,000. HWG Holdings LP bought a new stake in Kinder Morgan during the second quarter worth approximately $30,000. Planning Capital Management Corp lifted its position in Kinder Morgan by 143.6% in the third 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 period. Finally, HM Payson & Co. boosted its stake in Kinder Morgan by 401.8% during the 3rd quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company's stock valued at $32,000 after purchasing an additional 1,145 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.
Analysts Set New Price Targets
Several analysts have recently weighed in on KMI shares. Truist Financial upped their price objective on Kinder Morgan from $22.00 to $25.00 and gave the company a "hold" rating in a report on Thursday, October 17th. Barclays raised their price objective on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an "equal weight" rating in a research report on Thursday. Bank of America started coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They set a "buy" rating and a $27.00 target price for the company. Wells Fargo & Company lifted their price target on shares of Kinder Morgan from $27.00 to $30.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. Finally, Morgan Stanley set a $26.00 price objective on Kinder Morgan in a research note on Friday, October 18th. Eight 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. According to data from MarketBeat, Kinder Morgan presently has a consensus rating of "Moderate Buy" and an average price target of $27.00.
Read Our Latest Research Report on KMI
Kinder Morgan Stock Up 0.9 %
Shares of NYSE:KMI traded up $0.26 during midday trading on Friday, hitting $30.32. 15,611,851 shares of the stock were exchanged, compared to its average volume of 13,027,869. The company has a market capitalization of $67.36 billion, a PE ratio of 26.59, a P/E/G ratio of 3.71 and a beta of 0.94. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $30.51. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. The business's fifty day simple moving average is $27.61 and its two-hundred day simple moving average is $23.99.
Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The firm's quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.25 earnings per share. As a group, research analysts predict that Kinder Morgan, Inc. will post 1.17 earnings per share for the current fiscal year.
Insider Activity at Kinder Morgan
In other news, Director Amy W. Chronis purchased 2,241 shares of the company's stock in a transaction dated Tuesday, November 5th. The shares were bought 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 directly owns 23,995 shares in the company, valued at $597,235.55. This trade represents a 10.30 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $17,081,014.50. Following the completion of the transaction, the director now owns 6,809,858 shares in the company, valued at $168,543,985.50. The trade was a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 745,263 shares of company stock valued at $18,578,014. 12.81% of the stock is currently owned by corporate insiders.
About Kinder Morgan
(
Free Report)
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.
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