Fifth Third Wealth Advisors LLC raised its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 31.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,631 shares of the pipeline company's stock after purchasing an additional 15,586 shares during the period. Fifth Third Wealth Advisors LLC's holdings in Kinder Morgan were worth $1,798,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in KMI. Duquesne Family Office LLC raised its stake in Kinder Morgan by 74.0% in the second quarter. Duquesne Family Office LLC now owns 6,753,165 shares of the pipeline company's stock worth $134,185,000 after buying an additional 2,872,665 shares in the last quarter. Barclays PLC lifted its stake in shares of Kinder Morgan by 39.9% in the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company's stock valued at $180,833,000 after purchasing an additional 2,334,273 shares during the period. National Bank of Canada FI boosted its position in shares of Kinder Morgan by 295.5% during the third quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company's stock valued at $64,879,000 after purchasing an additional 2,194,489 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Kinder Morgan by 1,849.7% in the third quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company's stock worth $47,817,000 after purchasing an additional 2,053,612 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in Kinder Morgan by 20.6% during the second quarter. Marshall Wace LLP now owns 7,770,943 shares of the pipeline company's stock valued at $154,409,000 after buying an additional 1,328,082 shares during the period. 62.52% of the stock is currently owned by institutional investors.
Kinder Morgan Stock Performance
Shares of KMI traded up $0.57 during trading hours on Thursday, hitting $30.01. The stock had a trading volume of 21,207,807 shares, compared to its average volume of 13,088,842. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $30.07. The stock has a fifty day moving average price of $27.54 and a 200 day moving average price of $23.95. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. The firm has a market capitalization of $66.67 billion, a PE ratio of 26.32, a PEG ratio of 3.71 and a beta of 0.94.
Kinder Morgan (NYSE:KMI - Get Free Report) last announced its 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). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the firm posted $0.25 earnings per share. The business's quarterly revenue was down 5.3% compared to the same quarter last year. Analysts anticipate that Kinder Morgan, Inc. will post 1.17 EPS for the current year.
Insider Buying and Selling at Kinder Morgan
In other Kinder Morgan news, President Thomas A. Martin sold 19,121 shares of Kinder Morgan stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total value of $502,499.88. Following the sale, the president now directly owns 897,652 shares in the company, valued at approximately $23,590,294.56. The trade was a 2.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction of $17,081,014.50. Following the completion of the sale, the director now owns 6,809,858 shares in the company, valued at $168,543,985.50. This represents a 9.20 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 745,263 shares of company stock valued at $18,578,014. Company insiders own 12.64% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently weighed in on KMI shares. Truist Financial upped their target price on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a "hold" rating in a research report on Thursday, October 17th. Barclays raised their target price on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an "equal weight" rating in a research note on Thursday. UBS Group upped their price target on Kinder Morgan from $33.00 to $34.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Wells Fargo & Company lifted their price objective on Kinder Morgan from $27.00 to $30.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. Finally, The Goldman Sachs Group lifted their price target on Kinder Morgan from $26.00 to $29.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $27.00.
Read Our Latest Analysis on KMI
Kinder Morgan Company Profile
(
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.
See Also
Before you consider Kinder Morgan, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kinder Morgan wasn't on the list.
While Kinder Morgan currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
