KMG Fiduciary Partners LLC Has $3.71 Million Stake in Kinder Morgan, Inc. (NYSE:KMI)

KMG Fiduciary Partners LLC decreased its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 135,488 shares of the pipeline company’s stock after selling 3,164 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Kinder Morgan were worth $3,712,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Decker Retirement Planning Inc. acquired a new stake in shares of Kinder Morgan during the 4th quarter valued at $55,000. Morton Capital Management LLC CA boosted its holdings in shares of Kinder Morgan by 1.4% during the 4th quarter. Morton Capital Management LLC CA now owns 37,604 shares of the pipeline company’s stock valued at $1,030,000 after acquiring an additional 535 shares in the last quarter. Shulman DeMeo Asset Management LLC bought a new position in Kinder Morgan during the 4th quarter worth $202,000. Cohen Investment Advisors LLC raised its position in Kinder Morgan by 0.4% during the 4th quarter. Cohen Investment Advisors LLC now owns 140,967 shares of the pipeline company’s stock worth $3,862,000 after purchasing an additional 596 shares during the last quarter. Finally, Ritholtz Wealth Management raised its position in Kinder Morgan by 35.3% during the 4th quarter. Ritholtz Wealth Management now owns 30,718 shares of the pipeline company’s stock worth $842,000 after purchasing an additional 8,013 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In related news, President Thomas A. Martin sold 19,121 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total value of $502,499.88. Following the transaction, the president now owns 897,652 shares in the company, valued at approximately $23,590,294.56. This represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director C Park Shaper sold 690,142 shares of the company’s stock in a transaction that occurred 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 approximately $168,543,985.50. The trade was a 9.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 745,263 shares of company stock worth $18,578,014 in the last 90 days. Insiders own 12.81% of the company’s stock.

Kinder Morgan Price Performance

KMI stock opened at $30.01 on Friday. The company 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 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 $30.07. The business has a 50-day simple moving average of $27.54 and a two-hundred day simple moving average of $23.95.

Kinder Morgan (NYSE:KMI) last announced 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 during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the previous year, the firm earned $0.25 EPS. Kinder Morgan’s quarterly revenue was down 5.3% on a year-over-year basis. Research analysts expect that Kinder Morgan, Inc. will post 1.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KMI. Barclays raised their target price on Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Thursday. Wells Fargo & Company raised their target price on Kinder Morgan from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Truist Financial lifted their price objective on Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Scotiabank initiated coverage on Kinder Morgan in a research report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price objective for the company. Finally, UBS Group lifted their price objective on Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Eight analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus price target of $27.00.

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.