Hennessy Advisors Inc. Has $28.06 Million Stake in Kinder Morgan, Inc. (NYSE:KMI)

Hennessy Advisors Inc. trimmed its position in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 14.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,023,891 shares of the pipeline company's stock after selling 171,200 shares during the period. Hennessy Advisors Inc.'s holdings in Kinder Morgan were worth $28,055,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of KMI. Modus Advisors LLC acquired a new position in shares of Kinder Morgan in the 4th quarter valued at approximately $27,000. Northwest Investment Counselors LLC bought a new position in Kinder Morgan in the third quarter valued at approximately $28,000. HWG Holdings LP acquired a new position in shares of Kinder Morgan in the second quarter valued at approximately $30,000. Planning Capital Management Corp increased its position in shares of Kinder Morgan by 143.6% during the third 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 in the last quarter. Finally, HM Payson & Co. raised its holdings in shares of Kinder Morgan by 401.8% during the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company's stock worth $32,000 after acquiring an additional 1,145 shares during the period. Institutional investors own 62.52% of the company's stock.

Insider Activity

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total transaction of $492,120.00. Following the transaction, the president now owns 879,652 shares in the company, valued at $24,049,685.68. This trade represents a 2.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Amy W. Chronis bought 2,241 shares of the company's stock in a transaction dated Tuesday, November 5th. The shares were purchased at an average cost of $24.89 per share, with a total value of $55,778.49. Following the acquisition, the director now directly 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. Insiders have sold 745,263 shares of company stock valued at $18,578,014 over the last ninety days. 12.81% of the stock is currently owned by company insiders.

Analyst Ratings Changes

KMI has been the subject of a number of research reports. Royal Bank of Canada increased their target price 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 lifted 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. 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 report on Friday, December 6th. Scotiabank assumed coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They issued a "sector perform" rating and a $26.00 price objective on the stock. Finally, Bank of America initiated coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They issued a "buy" rating and a $27.00 target price for the company. Eight 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $27.00.

Kinder Morgan Stock Performance

Kinder Morgan stock traded up $0.26 during midday trading on Friday, reaching $30.32. 12,949,837 shares of the company's stock were exchanged, compared to its average volume of 12,962,231. The stock's 50-day simple moving average is $27.61 and its 200 day simple moving average is $23.99. The firm 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 debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $30.51.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.27 by ($0.02). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the firm posted $0.25 earnings per share. The firm's revenue was down 5.3% compared to the same quarter last year. On average, analysts expect that Kinder Morgan, Inc. will post 1.17 earnings per share for the current fiscal year.

Kinder Morgan Company 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.