Verity & Verity LLC Invests $277,000 in Kinder Morgan, Inc. (NYSE:KMI)

Verity & Verity LLC acquired a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 10,124 shares of the pipeline company’s stock, valued at approximately $277,000.

Other large investors have also added to or reduced their stakes in the company. Sunflower Bank N.A. grew 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 acquiring an additional 367 shares during the last quarter. Ignite Planners LLC boosted its stake in Kinder Morgan by 3.9% in the 4th quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company’s stock worth $282,000 after purchasing an additional 372 shares in the last quarter. Eagle Bay Advisors LLC grew its position in Kinder Morgan by 8.0% during the 4th quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company’s stock valued at $142,000 after purchasing an additional 385 shares during the last quarter. Sunbelt Securities Inc. increased its stake in Kinder Morgan by 0.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 90,560 shares of the pipeline company’s stock valued at $2,000,000 after purchasing an additional 414 shares in the last quarter. Finally, SignalPoint Asset Management LLC raised its holdings in Kinder Morgan by 1.5% in the third quarter. SignalPoint Asset Management LLC now owns 30,059 shares of the pipeline company’s stock worth $655,000 after buying an additional 447 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling at Kinder Morgan

In other news, Director Amy W. Chronis acquired 2,241 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was purchased at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the transaction, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Thomas A. Martin sold 19,121 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 of the company’s stock, valued at $23,590,294.56. This represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 745,263 shares of company stock valued at $18,578,014 over the last ninety days. 12.81% of the stock is currently owned by company insiders.

Kinder Morgan Stock Up 0.9 %

KMI stock opened at $30.32 on Friday. The stock has a market cap of $67.36 billion, a P/E ratio of 26.59, a PEG ratio of 3.71 and a beta of 0.94. Kinder Morgan, Inc. has a twelve month low of $16.47 and a twelve month high of $30.51. The business’s 50-day moving average price is $27.61 and its 200-day moving average price is $23.99. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last released 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 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 analysts’ expectations of $4.05 billion. During the same quarter last year, the firm posted $0.25 EPS. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. On average, equities research analysts forecast that Kinder Morgan, Inc. will post 1.17 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on KMI. UBS Group boosted their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Scotiabank assumed coverage on Kinder Morgan in a report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price target on the stock. Truist Financial lifted their price objective on Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. The Goldman Sachs Group raised their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Bank of America initiated coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They set a “buy” rating and a $27.00 price objective for the company. 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 company. Based on data from MarketBeat.com, Kinder Morgan presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.

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.