Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC trimmed its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 13.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,733 shares of the pipeline company’s stock after selling 2,809 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Kinder Morgan were worth $513,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Miracle Mile Advisors LLC purchased a new stake in Kinder Morgan during the 4th quarter worth approximately $315,000. Northstar Advisory Group LLC grew its position in shares of Kinder Morgan by 2.6% during the fourth quarter. Northstar Advisory Group LLC now owns 31,359 shares of the pipeline company’s stock worth $859,000 after buying an additional 805 shares in the last quarter. Sunflower Bank N.A. increased its stake in shares of Kinder Morgan by 3.6% in the fourth quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company’s stock worth $288,000 after buying an additional 367 shares during the last quarter. Bar Harbor Wealth Management increased its stake in shares of Kinder Morgan by 0.8% in the fourth quarter. Bar Harbor Wealth Management now owns 163,215 shares of the pipeline company’s stock worth $4,472,000 after buying an additional 1,256 shares during the last quarter. Finally, Claro Advisors LLC acquired a new stake in Kinder Morgan in the fourth quarter valued at $223,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Activity

In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of the firm’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the transaction, the director now owns 6,809,858 shares of the company’s stock, valued at approximately $168,543,985.50. This trade represents a 9.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Thomas A. Martin sold 19,121 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total transaction of $502,499.88. Following the sale, the president now owns 897,652 shares in the company, valued at $23,590,294.56. This trade represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 745,263 shares of company stock valued at $18,578,014. Insiders own 12.64% of the company’s stock.

Wall Street Analyst Weigh In

KMI has been the subject of several research analyst reports. Wells Fargo & Company boosted their target price on shares of Kinder Morgan from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Barclays lifted their price target on Kinder Morgan from $24.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Morgan Stanley set a $26.00 price objective on Kinder Morgan in a research note on Friday, October 18th. Royal Bank of Canada lifted their target price on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. Finally, Bank of America started coverage on Kinder Morgan in a report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $26.67.

Kinder Morgan Stock Performance

KMI stock opened at $29.12 on Wednesday. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 year high of $29.29. The stock has a market capitalization of $64.69 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 3.87 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. The stock’s fifty day moving average is $27.47 and its two-hundred day moving average is $23.91.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the firm earned $0.25 earnings per share. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. On average, research analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

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.