Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by Laurel Wealth Advisors LLC

Laurel Wealth Advisors LLC reduced its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 9.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 9,068 shares of the pipeline company’s stock after selling 1,000 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in Kinder Morgan were worth $248,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in shares of Kinder Morgan by 1.6% in the 2nd quarter. American Century Companies Inc. now owns 346,183 shares of the pipeline company’s stock valued at $6,879,000 after buying an additional 5,402 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in Kinder Morgan by 2.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 88,969 shares of the pipeline company’s stock valued at $1,768,000 after acquiring an additional 2,356 shares during the period. J.W. Cole Advisors Inc. grew its holdings in shares of Kinder Morgan by 11.0% during the second quarter. J.W. Cole Advisors Inc. now owns 24,103 shares of the pipeline company’s stock valued at $479,000 after purchasing an additional 2,385 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Kinder Morgan by 1.5% during the 2nd 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. Finally, One Capital Management LLC acquired a new position in Kinder Morgan during the 2nd quarter valued at approximately $507,000. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Trading Up 2.1 %

Shares of KMI stock opened at $29.12 on Wednesday. The stock has a 50-day simple moving average of $27.47 and a 200 day simple moving average of $23.91. The stock has a market capitalization 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. Kinder Morgan, Inc. has a fifty-two week low of $16.47 and a fifty-two week high of $29.29. 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 posted 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 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 last year, the business posted $0.25 EPS. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. On average, sell-side analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction 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 owns 861,652 shares in the company, valued at $24,048,707.32. This trade represents a 2.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director C Park Shaper sold 690,142 shares of Kinder Morgan stock in a transaction dated 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 directly owns 6,809,858 shares in the company, valued at $168,543,985.50. This represents a 9.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 745,263 shares of company stock valued at $18,578,014 over the last ninety days. Insiders own 12.64% of the company’s stock.

Analyst Upgrades and Downgrades

KMI has been the topic of several analyst reports. Scotiabank initiated coverage on Kinder Morgan in a research report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price on the stock. Truist Financial increased their price objective on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a research report on Friday, October 18th. Bank of America initiated coverage on Kinder Morgan in a report on Thursday, October 17th. They set a “buy” rating and a $27.00 price target on the stock. Finally, Wells Fargo & Company increased their price objective on Kinder Morgan from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $26.67.

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.