Guinness Asset Management LTD Lowers Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Guinness Asset Management LTD reduced its position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 13.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 460,034 shares of the pipeline company's stock after selling 69,370 shares during the period. Guinness Asset Management LTD's holdings in Kinder Morgan were worth $12,595,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Retirement Wealth Solutions LLC purchased a new stake in Kinder Morgan in the fourth quarter worth $25,000. Modus Advisors LLC purchased a new position in shares of Kinder Morgan during the fourth quarter valued at about $27,000. Northwest Investment Counselors LLC purchased a new stake in Kinder Morgan in the third quarter worth about $28,000. HWG Holdings LP bought a new stake in Kinder Morgan during the 2nd quarter valued at approximately $30,000. Finally, Planning Capital Management Corp grew its holdings 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 acquiring an additional 797 shares during the period. 62.52% of the stock is owned by institutional investors.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total transaction of $492,120.00. Following the completion of the sale, the president now directly owns 879,652 shares of the company's stock, valued at approximately $24,049,685.68. This represents a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amy W. Chronis purchased 2,241 shares of the firm's stock in a transaction on Tuesday, November 5th. The stock was acquired at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the transaction, the director now directly owns 23,995 shares of the company's stock, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 55,121 shares of company stock worth $1,497,000. Insiders own 12.64% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on KMI shares. Barclays boosted their target price on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an "equal weight" rating in a report on Thursday. Truist Financial boosted their price target on Kinder Morgan from $22.00 to $25.00 and gave the stock a "hold" rating in a research report on Thursday, October 17th. Morgan Stanley set a $26.00 price objective on Kinder Morgan in a research note on Friday, October 18th. Scotiabank began coverage on Kinder Morgan in a research note on Friday, January 10th. They issued a "sector perform" rating and a $26.00 target price on the stock. 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 given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Kinder Morgan presently has an average rating of "Moderate Buy" and a consensus target price of $27.00.

Kinder Morgan Stock Performance

Shares of KMI traded up $0.26 during mid-day trading on Monday, hitting $30.32. 15,710,662 shares of the company traded hands, 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 stock has a 50-day moving average price of $27.68 and a two-hundred day moving average price of $24.13. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 year 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.

Kinder Morgan Profile

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.