Zurcher Kantonalbank Zurich Cantonalbank Buys 1,093,449 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Kinder Morgan, Inc. (NYSE:KMI) by 311.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,445,038 shares of the pipeline company’s stock after purchasing an additional 1,093,449 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.07% of Kinder Morgan worth $25,490,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Moneta Group Investment Advisors LLC lifted its position in Kinder Morgan by 102,208.0% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 41,070,520 shares of the pipeline company’s stock valued at $742,555,000 after purchasing an additional 41,030,376 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Kinder Morgan by 1,352.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,803,132 shares of the pipeline company’s stock valued at $665,401,000 after acquiring an additional 34,269,435 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Kinder Morgan by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 29,869,687 shares of the pipeline company’s stock valued at $472,464,000 after acquiring an additional 87,516 shares in the last quarter. Morgan Stanley raised its holdings in shares of Kinder Morgan by 8.9% during the fourth quarter. Morgan Stanley now owns 22,573,449 shares of the pipeline company’s stock valued at $408,128,000 after acquiring an additional 1,846,231 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Kinder Morgan by 3.0% during the third quarter. Northern Trust Corp now owns 22,297,204 shares of the pipeline company’s stock valued at $369,688,000 after acquiring an additional 639,467 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

KMI has been the subject of a number of recent analyst reports. Truist Financial restated a “hold” rating and set a $20.00 target price (down previously from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. StockNews.com downgraded Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $20.20.

Kinder Morgan Price Performance

Shares of KMI stock opened at $17.76 on Thursday. The stock has a market cap of $39.42 billion, a price-to-earnings ratio of 16.60, a PEG ratio of 4.95 and a beta of 0.90. The business’s fifty day moving average is $17.71 and its 200 day moving average is $17.36. Kinder Morgan, Inc. has a twelve month low of $15.89 and a twelve month high of $18.72. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.88.

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