Bay Colony Advisory Group Inc d b a Bay Colony Advisors Trims Position in Kinder Morgan, Inc. (NYSE:KMI)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors lessened its stake in Kinder Morgan, Inc. (NYSE:KMI) by 12.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,597 shares of the pipeline company’s stock after selling 1,497 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Kinder Morgan were worth $187,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Fairfield Bush & CO. purchased a new position in Kinder Morgan during the 1st quarter valued at about $93,000. American Century Companies Inc. increased its position in Kinder Morgan by 12.3% during the 1st quarter. American Century Companies Inc. now owns 91,931 shares of the pipeline company’s stock valued at $1,739,000 after purchasing an additional 10,079 shares during the period. Acadian Asset Management LLC increased its position in Kinder Morgan by 48,564.7% during the 1st quarter. Acadian Asset Management LLC now owns 8,273 shares of the pipeline company’s stock valued at $156,000 after purchasing an additional 8,256 shares during the period. Synovus Financial Corp increased its position in Kinder Morgan by 1.6% during the 1st quarter. Synovus Financial Corp now owns 90,218 shares of the pipeline company’s stock valued at $1,705,000 after purchasing an additional 1,408 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new position in Kinder Morgan during the 1st quarter valued at about $263,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Down 1.6 %

KMI stock opened at $17.69 on Wednesday. The firm has a 50 day moving average of $17.68 and a 200 day moving average of $17.36. The stock has a market capitalization of $39.25 billion, a PE ratio of 16.53, a price-to-earnings-growth ratio of 5.03 and a beta of 0.90. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.88. Kinder Morgan, Inc. has a 52 week low of $15.89 and a 52 week high of $18.72.

Kinder Morgan (NYSE:KMI) last posted its quarterly 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 business had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $4.40 billion. Kinder Morgan had a return on equity of 7.57% and a net margin of 15.59%. The business’s quarterly revenue was down 11.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.31 earnings per share. Sell-side analysts forecast that Kinder Morgan, Inc. will post 1.19 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on KMI. Truist Financial reissued a “hold” rating and set a $20.00 target price (down previously from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. StockNews.com cut shares of Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $20.20.

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.