Pacifica Partners Inc. Sells 84,114 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Pacifica Partners Inc. lowered its stake in Kinder Morgan, Inc. (NYSE:KMI) by 43.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 109,895 shares of the pipeline company’s stock after selling 84,114 shares during the period. Kinder Morgan accounts for 1.3% of Pacifica Partners Inc.’s portfolio, making the stock its 25th largest position. Pacifica Partners Inc.’s holdings in Kinder Morgan were worth $3,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in Kinder Morgan by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 16,904,252 shares of the pipeline company’s stock worth $335,891,000 after purchasing an additional 257,658 shares during the period. Kayne Anderson Capital Advisors LP grew its position in shares of Kinder Morgan by 0.7% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 10,550,002 shares of the pipeline company’s stock worth $233,050,000 after buying an additional 69,307 shares during the period. Barclays PLC raised its stake in shares of Kinder Morgan by 39.9% during the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock worth $180,833,000 after buying an additional 2,334,273 shares during the last quarter. Marshall Wace LLP lifted its holdings in Kinder Morgan by 20.6% in the second quarter. Marshall Wace LLP now owns 7,770,943 shares of the pipeline company’s stock valued at $154,409,000 after buying an additional 1,328,082 shares during the period. Finally, Bank of Montreal Can lifted its holdings in Kinder Morgan by 2.2% in the third quarter. Bank of Montreal Can now owns 7,485,834 shares of the pipeline company’s stock valued at $163,116,000 after buying an additional 164,152 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Insider Activity

In other Kinder Morgan news, Director Amy W. Chronis bought 2,241 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were acquired 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. The trade was a 10.30 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director C Park Shaper sold 690,142 shares of the company’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the completion of the transaction, the director now owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. This represents a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 745,263 shares of company stock valued at $18,578,014. 12.64% of the stock is owned by insiders.

Kinder Morgan Trading Up 2.1 %

Shares of NYSE:KMI opened at $29.12 on Wednesday. The stock has a market capitalization of $64.69 billion, a PE ratio of 25.54, a price-to-earnings-growth ratio of 3.87 and a beta of 0.94. The company’s 50-day moving average price is $27.47 and its two-hundred day moving average price is $23.91. 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 one year low of $16.47 and a one year high of $29.29.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS 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 company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period last year, the company posted $0.25 earnings per share. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. On average, equities analysts forecast that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Analysts Set New Price Targets

KMI has been the subject of several recent research reports. The Goldman Sachs Group upped their target price 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. Barclays upped their price objective on Kinder Morgan from $24.00 to $27.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Truist Financial raised their target price on Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Bank of America started coverage on Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 target price for the company. Finally, Morgan Stanley set a $26.00 price target on shares of Kinder Morgan in a research report on Friday, October 18th. 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 company. According to MarketBeat.com, Kinder Morgan has an average rating of “Moderate Buy” and a consensus target price 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.