Stokes Capital Advisors LLC Has $4.21 Million Stake in Kinder Morgan, Inc. (NYSE:KMI)

Stokes Capital Advisors LLC reduced its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 153,789 shares of the pipeline company’s stock after selling 625 shares during the period. Stokes Capital Advisors LLC’s holdings in Kinder Morgan were worth $4,214,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KMI. Retirement Wealth Solutions LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter worth $25,000. Modus Advisors LLC bought a new position in Kinder Morgan during the fourth quarter worth about $27,000. Northwest Investment Counselors LLC acquired a new stake in Kinder Morgan in the 3rd quarter worth about $28,000. HWG Holdings LP acquired a new position in shares of Kinder Morgan during the 2nd quarter worth approximately $30,000. Finally, Planning Capital Management Corp increased its holdings in shares of Kinder Morgan by 143.6% during the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 797 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on KMI. Royal Bank of Canada boosted their price target on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company increased their target price on Kinder Morgan from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Barclays upped their price objective on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Thursday. Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a report on Friday, October 18th. Finally, Truist Financial increased their price target 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. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Kinder Morgan has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.

Kinder Morgan Stock Up 0.9 %

Shares of KMI opened at $30.32 on Monday. The stock has a market capitalization of $67.36 billion, a price-to-earnings ratio of 26.59, a PEG ratio of 3.71 and a beta of 0.94. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $30.51. 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 has a fifty day moving average of $27.68 and a 200-day moving average of $24.10.

Insider Buying and Selling at Kinder Morgan

In related news, Director Amy W. Chronis bought 2,241 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were purchased at an average cost of $24.89 per share, with a total value of $55,778.49. Following the acquisition, the director now owns 23,995 shares of the company’s stock, valued at $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the sale, 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. Over the last three months, insiders sold 55,121 shares of company stock worth $1,497,000. 12.81% 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.