ARS Wealth Advisors Group LLC Has $8.05 Million Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

ARS Wealth Advisors Group LLC lessened its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 293,651 shares of the pipeline company’s stock after selling 5,875 shares during the quarter. Kinder Morgan comprises about 1.1% of ARS Wealth Advisors Group LLC’s portfolio, making the stock its 26th largest holding. ARS Wealth Advisors Group LLC’s holdings in Kinder Morgan were worth $8,046,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Kinder Morgan by 0.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company’s stock worth $101,422,000 after purchasing an additional 29,861 shares during the last quarter. Global Retirement Partners LLC boosted its position in Kinder Morgan by 3.5% during the third quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company’s stock worth $504,000 after purchasing an additional 776 shares during the period. Principal Financial Group Inc. increased its stake in shares of Kinder Morgan by 3.2% in the third quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock worth $50,624,000 after purchasing an additional 71,984 shares in the last quarter. Czech National Bank lifted its position in shares of Kinder Morgan by 6.9% during the third quarter. Czech National Bank now owns 393,351 shares of the pipeline company’s stock worth $8,689,000 after acquiring an additional 25,406 shares in the last quarter. Finally, Valley National Advisers Inc. boosted its holdings in shares of Kinder Morgan by 1,512.7% in the third quarter. Valley National Advisers Inc. now owns 88,583 shares of the pipeline company’s stock worth $1,956,000 after acquiring an additional 83,090 shares during the period. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Up 1.5 %

KMI traded up $0.45 during midday trading on Wednesday, reaching $29.57. The company’s stock had a trading volume of 1,780,506 shares, compared to its average volume of 11,003,744. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 year high of $29.58. The stock’s 50-day moving average is $27.47 and its 200-day moving average is $23.91. The firm has a market capitalization of $65.69 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 3.87 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 (NYSE:KMI) last issued its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). The firm had revenue of $3.70 billion during 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 company’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.25 EPS. As a group, research analysts expect that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Analyst Upgrades and Downgrades

KMI has been the subject of a number of research analyst reports. Morgan Stanley set a $26.00 price target on Kinder Morgan in a research report on Friday, October 18th. The Goldman Sachs Group increased their price objective on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Scotiabank began coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They set a “sector perform” rating and a $26.00 price target on the stock. Truist Financial lifted their target price on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Finally, UBS Group raised their price objective on Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $26.67.

Insider Activity

In other news, Director Amy W. Chronis acquired 2,241 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average price of $24.89 per share, with a total value of $55,778.49. Following the completion of the acquisition, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the transaction, the president now directly owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. The trade was a 2.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 745,263 shares of company stock valued at $18,578,014. 12.64% of the stock is currently owned by insiders.

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.