Cornercap Investment Counsel Inc. Cuts Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Cornercap Investment Counsel Inc. lessened its stake in Kinder Morgan, Inc. (NYSE:KMI) by 91.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,822 shares of the pipeline company’s stock after selling 166,829 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Kinder Morgan were worth $261,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in KMI. SageView Advisory Group LLC grew its holdings in Kinder Morgan by 3.0% in the third quarter. SageView Advisory Group LLC now owns 20,607 shares of the pipeline company’s stock valued at $342,000 after purchasing an additional 596 shares during the period. Wesbanco Bank Inc. grew its stake in shares of Kinder Morgan by 0.4% during the 3rd quarter. Wesbanco Bank Inc. now owns 148,549 shares of the pipeline company’s stock valued at $2,463,000 after buying an additional 599 shares during the period. Chronos Wealth Management LLC increased its holdings in shares of Kinder Morgan by 2.7% during the 3rd quarter. Chronos Wealth Management LLC now owns 22,700 shares of the pipeline company’s stock worth $376,000 after buying an additional 600 shares during the last quarter. Cubic Asset Management LLC raised its position in shares of Kinder Morgan by 5.1% in the 4th quarter. Cubic Asset Management LLC now owns 12,292 shares of the pipeline company’s stock worth $217,000 after buying an additional 600 shares during the period. Finally, Argonautica Private Wealth Management Inc. boosted its holdings in Kinder Morgan by 0.8% in the third quarter. Argonautica Private Wealth Management Inc. now owns 80,421 shares of the pipeline company’s stock valued at $1,333,000 after acquiring an additional 615 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on KMI. Truist Financial restated a “hold” rating and set a $20.00 price target (down from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. StockNews.com lowered 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $20.20.

Kinder Morgan Trading Up 0.4 %

KMI opened at $17.76 on Thursday. The firm’s 50 day moving average is $17.71 and its 200-day moving average is $17.36. Kinder Morgan, Inc. has a 52-week low of $15.89 and a 52-week high of $18.72. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $39.42 billion, a P/E ratio of 16.60, a P/E/G ratio of 4.95 and a beta of 0.90.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34. Kinder Morgan had a net margin of 15.59% and a return on equity of 7.57%. The business had revenue of $3.84 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same period last year, the business earned $0.30 EPS. The business’s revenue was down 1.2% on a year-over-year basis. Analysts expect that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

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.