Verity & Verity LLC Buys New Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Verity & Verity LLC purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 10,124 shares of the pipeline company's stock, valued at approximately $277,000.

Several other large investors also recently made changes to their positions in KMI. Retirement Wealth Solutions LLC bought a new position in Kinder Morgan during the 4th quarter worth about $25,000. Modus Advisors LLC bought a new position in shares of Kinder Morgan during the fourth quarter worth about $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 bought a new stake in Kinder Morgan in the 2nd quarter valued at approximately $30,000. Finally, Planning Capital Management Corp boosted its position 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 acquiring an additional 797 shares during the last quarter. Institutional investors own 62.52% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on KMI shares. UBS Group boosted their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Wells Fargo & Company increased their price objective on shares of Kinder Morgan from $27.00 to $30.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. Bank of America initiated coverage on Kinder Morgan in a report on Thursday, October 17th. They issued a "buy" rating and a $27.00 price objective for the company. Scotiabank initiated coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They set a "sector perform" rating and a $26.00 price target on the stock. Finally, Morgan Stanley set a $26.00 price objective on shares of Kinder Morgan in a research note on Friday, October 18th. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Kinder Morgan currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.00.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total transaction of $492,120.00. Following the sale, the president now owns 879,652 shares in the company, valued at $24,049,685.68. This represents a 2.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amy W. Chronis bought 2,241 shares of the firm's stock in a transaction that occurred on Tuesday, November 5th. The shares were acquired at an average cost of $24.89 per share, with a total value of $55,778.49. Following the purchase, the director now directly 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. Insiders have sold a total of 745,263 shares of company stock valued at $18,578,014 over the last 90 days. 12.81% of the stock is owned by insiders.

Kinder Morgan Stock Performance

NYSE:KMI traded up $0.26 during mid-day trading on Friday, reaching $30.32. 15,710,662 shares of the company's stock were exchanged, compared to its average volume of 10,053,223. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. The firm has a market capitalization of $67.36 billion, a PE ratio of 26.59, a price-to-earnings-growth ratio of 3.71 and a beta of 0.94. Kinder Morgan, Inc. has a one year low of $16.47 and a one year high of $30.51. The business's fifty day simple moving average is $27.68 and its two-hundred day simple moving average is $24.07.

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

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.