Carnegie Investment Counsel Boosts Position in Kinder Morgan, Inc. (NYSE:KMI)

Carnegie Investment Counsel raised its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 665,412 shares of the pipeline company's stock after purchasing an additional 31,539 shares during the period. Carnegie Investment Counsel's holdings in Kinder Morgan were worth $18,232,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. American Century Companies Inc. lifted 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 purchasing an additional 5,402 shares during the last quarter. Oppenheimer Asset Management Inc. lifted 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 worth $1,768,000 after buying an additional 2,356 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in shares of Kinder Morgan during the 2nd quarter worth approximately $213,000. Vanguard Personalized Indexing Management LLC grew its position in shares of Kinder Morgan by 43.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 151,021 shares of the pipeline company's stock valued at $2,989,000 after buying an additional 45,482 shares during the last quarter. Finally, WCG Wealth Advisors LLC purchased a new position in shares of Kinder Morgan in the 2nd quarter valued at $295,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 19,121 shares of the company's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total transaction of $502,499.88. Following the transaction, the president now directly owns 897,652 shares of the company's stock, valued at $23,590,294.56. This represents a 2.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director C Park Shaper sold 690,142 shares of the firm's stock in a transaction dated 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 sale, the director now owns 6,809,858 shares of the company's stock, valued at $168,543,985.50. This trade represents a 9.20 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 745,263 shares of company stock valued at $18,578,014. Corporate insiders own 12.81% of the company's stock.

Kinder Morgan Stock Performance

Shares of KMI stock traded up $0.26 during mid-day trading on Friday, hitting $30.32. The stock had a trading volume of 15,710,662 shares, compared to its average volume of 13,328,100. The firm has a market cap of $67.36 billion, a PE ratio of 26.59, a PEG ratio of 3.71 and a beta of 0.94. The company's 50-day simple moving average is $27.61 and its 200-day simple moving average is $23.99. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. Kinder Morgan, Inc. has a fifty-two week low of $16.47 and a fifty-two week high of $30.51.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 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 firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the business earned $0.25 EPS. Kinder Morgan's revenue for the quarter was down 5.3% on a year-over-year basis. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Royal Bank of Canada raised their price objective on Kinder Morgan from $24.00 to $26.00 and gave the stock a "sector perform" rating in a report on Tuesday, October 22nd. Truist Financial upped their target price on Kinder Morgan from $22.00 to $25.00 and gave the company a "hold" rating in a research report on Thursday, October 17th. Bank of America assumed coverage on Kinder Morgan in a research report on Thursday, October 17th. They set a "buy" rating and a $27.00 price target on the stock. Scotiabank began coverage on Kinder Morgan in a report on Friday, January 10th. They issued a "sector perform" rating and a $26.00 price objective for the company. Finally, UBS Group lifted their target price on shares of Kinder Morgan from $33.00 to $34.00 and gave the company a "buy" rating in a report on Friday, December 6th. Eight equities research 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 stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $27.00.

About Kinder Morgan

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.