180 Wealth Advisors LLC Sells 669 Shares of Kinder Morgan, Inc. (NYSE:KMI)

180 Wealth Advisors LLC lessened its stake in Kinder Morgan, Inc. (NYSE:KMI) by 3.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 17,008 shares of the pipeline company’s stock after selling 669 shares during the period. 180 Wealth Advisors LLC’s holdings in Kinder Morgan were worth $466,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in KMI. Modus Advisors LLC bought a new stake in shares of Kinder Morgan in the 4th quarter worth approximately $27,000. Northwest Investment Counselors LLC bought a new position in Kinder Morgan in the third quarter worth $28,000. HWG Holdings LP bought a new position in Kinder Morgan in the second quarter worth $30,000. Planning Capital Management Corp boosted its stake 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. Finally, HM Payson & Co. increased 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 valued at $32,000 after buying an additional 1,145 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Kinder Morgan

In related news, Director C Park Shaper sold 690,142 shares of the firm’s 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 transaction, the director now owns 6,809,858 shares in the company, valued at $168,543,985.50. This trade represents a 9.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amy W. Chronis acquired 2,241 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were purchased at an average cost of $24.89 per share, with a total value of $55,778.49. Following the completion of the acquisition, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. The trade was a 10.30 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 745,263 shares of company stock valued at $18,578,014 over the last quarter. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Performance

Kinder Morgan 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 price-to-earnings ratio of 25.54, a P/E/G ratio of 3.87 and a beta of 0.94. 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, Inc. has a 12-month low of $16.47 and a 12-month high of $29.29.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the prior year, the firm posted $0.25 earnings per share. The company’s revenue was down 5.3% on a year-over-year basis. On average, research analysts anticipate that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Scotiabank initiated coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price on the stock. UBS Group lifted their price objective on Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a report on Friday, December 6th. Bank of America assumed coverage on Kinder Morgan in a report on Thursday, October 17th. They issued a “buy” rating and a $27.00 target price for the company. The Goldman Sachs Group boosted their price target on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Truist Financial increased their price objective on Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday, October 17th. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.