Pines Wealth Management LLC Purchases Shares of 19,249 Kinder Morgan, Inc. (NYSE:KMI)

Pines Wealth Management LLC acquired a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 19,249 shares of the pipeline company’s stock, valued at approximately $542,000.

Several other institutional investors have also recently modified their holdings of the stock. Modus Advisors LLC purchased a new position in Kinder Morgan during the fourth quarter worth $27,000. Northwest Investment Counselors LLC acquired a new stake in shares of Kinder Morgan during the third quarter valued at $28,000. Planning Capital Management Corp increased its position in Kinder Morgan by 143.6% during the 3rd 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 in the last quarter. HM Payson & Co. raised its stake in Kinder Morgan by 401.8% in the 3rd quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock valued at $32,000 after purchasing an additional 1,145 shares during the last quarter. Finally, Activest Wealth Management lifted its holdings in Kinder Morgan by 63.0% in the 3rd quarter. Activest Wealth Management now owns 1,478 shares of the pipeline company’s stock valued at $33,000 after purchasing an additional 571 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Price Performance

KMI opened at $29.12 on Wednesday. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $29.29. The company has a 50 day moving average of $27.47 and a two-hundred day moving average of $23.91. The company has a market cap of $64.69 billion, a P/E ratio of 25.54, a P/E/G ratio of 3.87 and a beta of 0.94. 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 announced its quarterly 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 company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.25 earnings per share. On average, analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on KMI shares. The Goldman Sachs Group lifted their target price on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Royal Bank of Canada upped their target price 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. Barclays raised 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. Truist Financial upped their price objective on shares of Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Finally, UBS Group boosted their target price on shares of Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a report on Friday, December 6th. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Kinder Morgan has an average rating of “Moderate Buy” and an average price target of $26.67.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $24.75, for a total value of $17,081,014.50. Following the completion of the transaction, the director now owns 6,809,858 shares in the company, valued at $168,543,985.50. This represents a 9.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy W. Chronis acquired 2,241 shares of the stock in a transaction on Tuesday, November 5th. The stock was purchased at an average cost of $24.89 per share, with a total value of $55,778.49. Following the transaction, the director now directly 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 disclosure for this purchase can be found here. Insiders sold 745,263 shares of company stock valued at $18,578,014 over the last quarter. Company insiders own 12.64% of the company’s stock.

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.