Avior Wealth Management LLC Trims Stake in Kinder Morgan, Inc. (NYSE:KMI)

Avior Wealth Management LLC trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 18.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,825 shares of the pipeline company’s stock after selling 8,602 shares during the period. Avior Wealth Management LLC’s holdings in Kinder Morgan were worth $685,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tucker Asset Management LLC bought a new stake in shares of Kinder Morgan during the 3rd quarter worth approximately $25,000. Hartford Financial Management Inc. bought a new stake in shares of Kinder Morgan during the third quarter worth $26,000. First Capital Advisors Group LLC. bought a new position in shares of Kinder Morgan in the second quarter worth about $29,000. Activest Wealth Management purchased a new position in Kinder Morgan in the 4th quarter worth about $30,000. Finally, OFI Invest Asset Management bought a new stake in Kinder Morgan during the 3rd quarter valued at about $33,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Price Performance

KMI opened at $17.76 on Thursday. The firm has a market capitalization of $39.42 billion, a PE ratio of 16.60, a price-to-earnings-growth ratio of 4.95 and a beta of 0.90. The business’s 50-day moving average is $17.71 and its two-hundred day moving average is $17.36. Kinder Morgan, Inc. has a 1 year low of $15.89 and a 1 year high of $18.72. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.35 and a quick ratio of 0.28.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. The firm had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $4.36 billion. Kinder Morgan had a net margin of 15.59% and a return on equity of 7.57%. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 EPS. Research analysts anticipate that Kinder Morgan, Inc. will post 1.19 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on KMI. StockNews.com downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Truist Financial reiterated a “hold” rating and issued a $20.00 target price (down from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $20.20.

About Kinder Morgan

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.