Relyea Zuckerberg Hanson LLC Acquires New Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Relyea Zuckerberg Hanson LLC acquired a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 9,119 shares of the pipeline company's stock, valued at approximately $250,000.

Several other hedge funds have also recently modified their holdings of KMI. Modus Advisors LLC purchased a new position in Kinder Morgan during the fourth quarter worth approximately $27,000. Northwest Investment Counselors LLC acquired a new stake in Kinder Morgan in the 3rd quarter valued at approximately $28,000. HWG Holdings LP acquired a new stake in shares of Kinder Morgan during the second quarter worth about $30,000. Planning Capital Management Corp grew its stake in 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 purchasing an additional 797 shares in the last quarter. Finally, HM Payson & Co. increased its position in shares of Kinder Morgan by 401.8% in the 3rd quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company's stock valued at $32,000 after purchasing an additional 1,145 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on KMI. Barclays upped their price objective on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an "equal weight" rating in a research note on Thursday. Royal Bank of Canada increased their price objective 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. Morgan Stanley set a $26.00 price objective on Kinder Morgan in a research note on Friday, October 18th. The Goldman Sachs Group upped their target price on Kinder Morgan from $26.00 to $29.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Finally, Truist Financial lifted their target price on Kinder Morgan from $22.00 to $25.00 and gave the company a "hold" rating in a report on Thursday, October 17th. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $27.00.

Insider Activity

In other news, Director C Park Shaper sold 690,142 shares of Kinder Morgan stock in a transaction dated 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 directly owns 6,809,858 shares of the company's stock, valued at approximately $168,543,985.50. The trade was a 9.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Amy W. Chronis acquired 2,241 shares of the company's stock in a transaction that occurred on Tuesday, November 5th. The shares were acquired at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the purchase, the director now owns 23,995 shares of the company's stock, valued at $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 745,263 shares of company stock worth $18,578,014. 12.81% of the stock is currently owned by insiders.

Kinder Morgan Stock Up 0.9 %

NYSE KMI traded up $0.26 during trading hours on Friday, reaching $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 capitalization of $67.36 billion, a PE ratio of 26.59, a PEG 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. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $30.51. The company has a 50 day moving average of $27.68 and a two-hundred day moving average of $24.07.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings results 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 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 analyst estimates of $4.05 billion. During the same quarter last year, the business posted $0.25 earnings per share. The firm's revenue for the quarter was down 5.3% on a year-over-year basis. As a group, equities analysts expect that Kinder Morgan, Inc. will post 1.17 earnings per share for the current 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.