Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 56.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,749,714 shares of the pipeline company's stock after selling 2,258,143 shares during the period. Assenagon Asset Management S.A. owned 0.08% of Kinder Morgan worth $47,942,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Modus Advisors LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter valued at about $27,000. Northwest Investment Counselors LLC purchased a new position in Kinder Morgan during the third quarter worth approximately $28,000. HWG Holdings LP acquired a new stake in Kinder Morgan in the second quarter valued at approximately $30,000. Planning Capital Management Corp raised its stake in shares of Kinder Morgan by 143.6% during the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company's stock worth $30,000 after buying an additional 797 shares during the period. Finally, HM Payson & Co. lifted its position in shares of 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 buying an additional 1,145 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Kinder Morgan Trading Up 1.9 %

NYSE KMI traded up $0.57 during trading hours on Thursday, reaching $30.01. The company had a trading volume of 21,207,807 shares, compared to its average volume of 13,088,842. 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 has a market capitalization 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. The stock has a 50-day moving average of $27.54 and a 200 day moving average of $23.95. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $30.07.

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 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 analysts' expectations of $4.05 billion. During the same period in the previous year, the firm earned $0.25 EPS. The firm's revenue for the quarter was down 5.3% compared to the same quarter last year. As a group, research analysts anticipate that Kinder Morgan, Inc. will post 1.17 earnings per share for the current fiscal year.

Insider Activity

In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of the business'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 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Amy W. Chronis acquired 2,241 shares of Kinder Morgan stock in a transaction dated Tuesday, November 5th. The stock was bought at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the purchase, the director now owns 23,995 shares of the company's stock, valued at approximately $597,235.55. This represents a 10.30 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 745,263 shares of company stock valued at $18,578,014. 12.64% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

KMI has been the subject of several recent analyst reports. Barclays boosted their price target on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an "equal weight" rating in a report on Thursday. Bank of America began coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They issued a "buy" rating and a $27.00 price target on the stock. Royal Bank of Canada boosted their price objective on Kinder Morgan from $24.00 to $26.00 and gave the stock a "sector perform" rating in a research note on Tuesday, October 22nd. Truist Financial raised 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. Finally, The Goldman Sachs Group increased their price objective on Kinder Morgan from $26.00 to $29.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target 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.