Cohen Investment Advisors LLC Boosts Stake in Kinder Morgan, Inc. (NYSE:KMI)

Cohen Investment Advisors LLC increased its position in Kinder Morgan, Inc. (NYSE:KMI) by 0.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 140,967 shares of the pipeline company’s stock after purchasing an additional 596 shares during the quarter. Kinder Morgan makes up about 2.3% of Cohen Investment Advisors LLC’s investment portfolio, making the stock its 12th largest holding. Cohen Investment Advisors LLC’s holdings in Kinder Morgan were worth $3,862,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in KMI. Ritholtz Wealth Management boosted its holdings in shares of Kinder Morgan by 35.3% during the 4th quarter. Ritholtz Wealth Management now owns 30,718 shares of the pipeline company’s stock valued at $842,000 after buying an additional 8,013 shares in the last quarter. Carnegie Investment Counsel grew its holdings in Kinder Morgan by 5.0% in the fourth quarter. Carnegie Investment Counsel now owns 665,412 shares of the pipeline company’s stock worth $18,232,000 after purchasing an additional 31,539 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in shares of Kinder Morgan by 2.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 77,873 shares of the pipeline company’s stock valued at $2,134,000 after purchasing an additional 1,623 shares in the last quarter. Flywheel Private Wealth LLC purchased a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $222,000. Finally, Contravisory Investment Management Inc. purchased a new stake in shares of Kinder Morgan in the 4th quarter worth approximately $304,000. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Price Performance

NYSE KMI opened at $30.01 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $30.07. The stock has a market capitalization of $66.67 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 3.71 and a beta of 0.94. The business’s fifty day moving average price is $27.54 and its 200-day moving average price is $23.95.

Kinder Morgan (NYSE:KMI) last announced 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). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the previous year, the business posted $0.25 earnings per share. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. On average, equities analysts predict that Kinder Morgan, Inc. will post 1.17 earnings per share for the current year.

Insider Transactions at Kinder Morgan

In related news, Director Amy W. Chronis acquired 2,241 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was bought at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the purchase, the director now owns 23,995 shares in the company, valued at $597,235.55. The trade was a 10.30 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total transaction of $492,120.00. Following the completion of the sale, the president now directly owns 879,652 shares of the company’s stock, valued at approximately $24,049,685.68. This trade represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 745,263 shares of company stock worth $18,578,014 in the last quarter. Company insiders own 12.81% of the company’s stock.

Wall Street Analysts Forecast Growth

KMI has been the subject of a number of recent research reports. Truist Financial lifted their price objective on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Barclays upped their price target on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Thursday. UBS Group increased their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Bank of America started coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They issued a “buy” rating and a $27.00 target price on the stock. Finally, 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 research report on Tuesday, November 26th. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock 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.