Cohen Investment Advisors LLC boosted its position in Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 0.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 140,967 shares of the pipeline company’s stock after acquiring an additional 596 shares during the period. Kinder Morgan accounts for approximately 2.3% of Cohen Investment Advisors LLC’s portfolio, making the stock its 12th largest holding. Cohen Investment Advisors LLC’s holdings in Kinder Morgan were worth $3,862,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Modus Advisors LLC bought a new position in shares of Kinder Morgan in the fourth quarter worth $27,000. Northwest Investment Counselors LLC purchased a new position in Kinder Morgan during the 3rd quarter valued at about $28,000. Planning Capital Management Corp increased its position in shares of Kinder Morgan by 143.6% during the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after buying an additional 797 shares during the period. HM Payson & Co. lifted its holdings in shares of Kinder Morgan by 401.8% in the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock worth $32,000 after buying an additional 1,145 shares in the last quarter. Finally, Activest Wealth Management boosted its position in shares of Kinder Morgan by 63.0% in the third quarter. Activest Wealth Management now owns 1,478 shares of the pipeline company’s stock valued at $33,000 after acquiring an additional 571 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Kinder Morgan news, Director Amy W. Chronis purchased 2,241 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, November 5th. The shares were bought at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the acquisition, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred 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 sale, the president now owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. This trade represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 745,263 shares of company stock valued at $18,578,014 in the last quarter. Insiders own 12.81% of the company’s stock.
Kinder Morgan Stock Performance
Kinder Morgan (NYSE:KMI – Get Free Report) last announced its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS 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 analysts’ expectations of $4.05 billion. During the same period last year, the firm earned $0.25 earnings per share. Kinder Morgan’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 1.17 EPS for the current year.
Analysts Set New Price Targets
Several analysts have issued reports on KMI shares. Scotiabank began coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price on the stock. Royal Bank of Canada lifted their price objective on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. Morgan Stanley set a $26.00 target price on Kinder Morgan in a research note on Friday, October 18th. Barclays boosted their price objective on Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, UBS Group raised their target price on shares of Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $27.00.
Read Our Latest Stock Report on Kinder Morgan
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.
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