Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 56.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,749,714 shares of the pipeline company’s stock after selling 2,258,143 shares during the quarter. Assenagon Asset Management S.A. owned about 0.08% of Kinder Morgan worth $47,942,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of KMI. Modus Advisors LLC purchased a new stake in shares of Kinder Morgan during the 4th quarter worth $27,000. Northwest Investment Counselors LLC acquired a new stake in shares of Kinder Morgan in the third quarter valued at about $28,000. Planning Capital Management Corp boosted its holdings in 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 buying an additional 797 shares in the last quarter. HM Payson & Co. grew its position in Kinder Morgan by 401.8% during the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock worth $32,000 after buying an additional 1,145 shares during the period. Finally, Activest Wealth Management lifted its position in shares of Kinder Morgan by 63.0% during the 3rd quarter. Activest Wealth Management now owns 1,478 shares of the pipeline company’s stock valued at $33,000 after acquiring an additional 571 shares during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Kinder Morgan news, Director Amy W. Chronis bought 2,241 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average price of $24.89 per share, with a total value of $55,778.49. Following the transaction, the director now owns 23,995 shares in the company, valued at $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total transaction of $502,380.00. Following the transaction, the president now directly owns 861,652 shares in the company, valued at approximately $24,048,707.32. This trade represents a 2.05 % decrease in their ownership of the stock. 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 quarter. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Performance

NYSE KMI opened at $29.43 on Thursday. The business’s 50-day moving average price is $27.47 and its 200 day moving average price is $23.91. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a twelve month low of $16.47 and a twelve month high of $29.58. The company has a market capitalization of $65.38 billion, a PE ratio of 25.82, a price-to-earnings-growth ratio of 3.87 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share 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 company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the previous year, the company earned $0.25 earnings per share. The company’s revenue was down 5.3% on a year-over-year basis. On average, research analysts predict that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on KMI. Wells Fargo & Company raised their price objective on Kinder Morgan from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Morgan Stanley set a $26.00 price target on Kinder Morgan in a research note on Friday, October 18th. Royal Bank of Canada increased their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. UBS Group lifted their target price on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Truist Financial increased their price target on shares of Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. Eight equities research 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $26.67.

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.