Park Avenue Securities LLC Raises Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Park Avenue Securities LLC boosted its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 80.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 70,104 shares of the pipeline company's stock after buying an additional 31,308 shares during the quarter. Park Avenue Securities LLC's holdings in Kinder Morgan were worth $1,921,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in KMI. Kayne Anderson Capital Advisors LP boosted its holdings in Kinder Morgan by 0.7% in the third quarter. Kayne Anderson Capital Advisors LP now owns 10,550,002 shares of the pipeline company's stock valued at $233,050,000 after acquiring an additional 69,307 shares in the last quarter. Barclays PLC lifted its holdings in Kinder Morgan by 39.9% in the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company's stock worth $180,833,000 after buying an additional 2,334,273 shares during the period. Marshall Wace LLP boosted its position in Kinder Morgan by 20.6% during the 2nd quarter. Marshall Wace LLP now owns 7,770,943 shares of the pipeline company's stock valued at $154,409,000 after acquiring an additional 1,328,082 shares in the last quarter. Bank of Montreal Can raised its position in shares of Kinder Morgan by 2.2% in the 3rd quarter. Bank of Montreal Can now owns 7,485,834 shares of the pipeline company's stock worth $163,116,000 after acquiring an additional 164,152 shares in the last quarter. Finally, Duquesne Family Office LLC lifted its stake in shares of Kinder Morgan by 74.0% in the 2nd quarter. Duquesne Family Office LLC now owns 6,753,165 shares of the pipeline company's stock valued at $134,185,000 after purchasing an additional 2,872,665 shares during the period. Hedge funds and other institutional investors own 62.52% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Scotiabank assumed coverage on Kinder Morgan in a research report on Friday, January 10th. They set a "sector perform" rating and a $26.00 price objective for the company. The Goldman Sachs Group boosted their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Royal Bank of Canada raised their target price 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. Bank of America started coverage on Kinder Morgan in a research report on Thursday, October 17th. They issued a "buy" rating and a $27.00 price target on the stock. Finally, Truist Financial lifted their price objective on Kinder Morgan from $22.00 to $25.00 and gave the company a "hold" rating in a research note on Thursday, October 17th. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $27.00.

Kinder Morgan Stock Performance

KMI stock traded up $0.26 on Friday, hitting $30.32. The company had a trading volume of 15,710,662 shares, compared to its average volume of 10,053,223. The stock has a market cap 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 company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The stock's 50-day simple moving average is $27.68 and its 200 day simple moving average is $24.10. Kinder Morgan, Inc. has a 12-month low of $16.47 and a 12-month high of $30.51.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings data 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 return on equity of 7.87% and a net margin of 16.76%. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. The business's revenue was down 5.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.25 EPS. As a group, equities research analysts expect that Kinder Morgan, Inc. will post 1.17 earnings per share for the current fiscal year.

Insider Activity

In other news, Director C Park Shaper sold 690,142 shares of the firm's stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $24.75, for a total value of $17,081,014.50. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Thomas A. Martin sold 19,121 shares of the business's stock in a transaction that occurred 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 transaction, the president now owns 897,652 shares of the company's stock, valued at approximately $23,590,294.56. This trade represents a 2.09 % decrease in their ownership of the stock. 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 quarter. 12.81% of the stock is currently owned by insiders.

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.