Flywheel Private Wealth LLC Purchases Shares of 8,088 Kinder Morgan, Inc. (NYSE:KMI)

Flywheel Private Wealth LLC acquired a new position in Kinder Morgan, Inc. (NYSE:KMI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,088 shares of the pipeline company’s stock, valued at approximately $222,000.

A number of other hedge funds have also made changes to their positions in KMI. Modus Advisors LLC acquired a new stake in Kinder Morgan in the 4th quarter valued at $27,000. Northwest Investment Counselors LLC purchased a new stake in shares of Kinder Morgan in the third quarter worth about $28,000. HWG Holdings LP acquired a new stake in shares of Kinder Morgan in the second quarter valued at about $30,000. Planning Capital Management Corp lifted 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 acquiring an additional 797 shares in the last quarter. Finally, HM Payson & Co. boosted its holdings in Kinder Morgan by 401.8% in the 3rd quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock worth $32,000 after acquiring an additional 1,145 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Activity

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the transaction, the president now directly owns 861,652 shares in the company, valued at $24,048,707.32. The trade was a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director C Park Shaper sold 690,142 shares of the 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 sale, the director now owns 6,809,858 shares in the company, valued at $168,543,985.50. The trade was a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 745,263 shares of company stock valued at $18,578,014. Company insiders own 12.64% of the company’s stock.

Analyst Upgrades and Downgrades

KMI has been the topic of a number of analyst reports. Royal Bank of Canada lifted 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. Truist Financial lifted their price target on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday, October 17th. Barclays upped their price objective on shares of Kinder Morgan from $24.00 to $27.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 17th. UBS Group lifted their target price on Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Morgan Stanley set a $26.00 price objective on Kinder Morgan in a research note on Friday, October 18th. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus price target of $26.67.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $29.43 on Thursday. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $65.38 billion, a price-to-earnings ratio of 25.82, a price-to-earnings-growth 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 $29.58. The business has a 50 day simple moving average of $27.47 and a 200-day simple moving average of $23.91.

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 the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the previous year, the firm earned $0.25 EPS. The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. As a group, equities research analysts expect that Kinder Morgan, Inc. will post 1.17 earnings per share for the current year.

About Kinder Morgan

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.