Kinder Morgan, Inc. (NYSE:KMI) Shares Sold by KLCM Advisors Inc.

KLCM Advisors Inc. lessened its stake in Kinder Morgan, Inc. (NYSE:KMI) by 33.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 824,781 shares of the pipeline company’s stock after selling 413,101 shares during the quarter. Kinder Morgan comprises about 2.2% of KLCM Advisors Inc.’s holdings, making the stock its 15th largest holding. KLCM Advisors Inc.’s holdings in Kinder Morgan were worth $14,549,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fairfield Bush & CO. purchased a new position in Kinder Morgan in the first quarter worth approximately $93,000. American Century Companies Inc. grew its position in Kinder Morgan by 12.3% in the first quarter. American Century Companies Inc. now owns 91,931 shares of the pipeline company’s stock worth $1,739,000 after acquiring an additional 10,079 shares during the period. Acadian Asset Management LLC grew its position in Kinder Morgan by 48,564.7% in the first quarter. Acadian Asset Management LLC now owns 8,273 shares of the pipeline company’s stock worth $156,000 after acquiring an additional 8,256 shares during the period. Synovus Financial Corp grew its position in Kinder Morgan by 1.6% in the first quarter. Synovus Financial Corp now owns 90,218 shares of the pipeline company’s stock worth $1,705,000 after acquiring an additional 1,408 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new position in Kinder Morgan in the first quarter worth approximately $263,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analyst Ratings Changes

KMI has been the subject of several analyst reports. Truist Financial reiterated a “hold” rating and issued a $20.00 price objective (down from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. StockNews.com lowered Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $20.20.

Kinder Morgan Trading Down 1.6 %

Shares of KMI traded down $0.28 during midday trading on Wednesday, hitting $17.69. 16,201,568 shares of the stock were exchanged, compared to its average volume of 11,172,082. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $18.72. The stock has a fifty day simple moving average of $17.68 and a 200 day simple moving average of $17.36. The firm has a market cap of $39.26 billion, a P/E ratio of 16.53, a P/E/G ratio of 5.03 and a beta of 0.90. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.28 and a current ratio of 0.35.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 17th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The company had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.40 billion. Kinder Morgan had a net margin of 15.59% and a return on equity of 7.57%. The company’s revenue for the quarter was down 11.8% on a year-over-year basis. During the same quarter last year, the business posted $0.31 earnings per share. On average, research analysts anticipate that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Kinder Morgan Company 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.