Decker Retirement Planning Inc. Buys New Shares in Kinder Morgan, Inc. (NYSE:KMI)

Decker Retirement Planning Inc. acquired a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,000 shares of the pipeline company’s stock, valued at approximately $55,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Sunflower Bank N.A. grew its stake in shares of Kinder Morgan by 3.6% during the fourth quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company’s stock valued at $288,000 after buying an additional 367 shares during the last quarter. Ignite Planners LLC grew its stake in shares of Kinder Morgan by 3.9% during the fourth quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company’s stock valued at $282,000 after buying an additional 372 shares during the last quarter. Eagle Bay Advisors LLC grew its stake in shares of Kinder Morgan by 8.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company’s stock valued at $142,000 after buying an additional 385 shares during the last quarter. Sunbelt Securities Inc. grew its stake in shares of Kinder Morgan by 0.5% during the third quarter. Sunbelt Securities Inc. now owns 90,560 shares of the pipeline company’s stock valued at $2,000,000 after buying an additional 414 shares during the last quarter. Finally, SignalPoint Asset Management LLC grew its stake in shares of Kinder Morgan by 1.5% during the third quarter. SignalPoint Asset Management LLC now owns 30,059 shares of the pipeline company’s stock valued at $655,000 after buying an additional 447 shares during the last quarter. 62.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on KMI. Barclays raised their price objective on Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday. Wells Fargo & Company increased their target price on shares of Kinder Morgan from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. The Goldman Sachs Group increased their target price on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. UBS Group increased their target price on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, Truist Financial increased their target price on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Eight investment 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.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $27.00.

Kinder Morgan Price Performance

KMI stock opened at $30.01 on Friday. The firm has a 50 day moving average price of $27.54 and a 200-day moving average price of $23.95. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $30.07. The firm has a market capitalization of $66.67 billion, a price-to-earnings ratio of 26.32, a PEG ratio of 3.71 and a beta of 0.94. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the previous year, the business posted $0.25 earnings per share. Kinder Morgan’s revenue for the quarter was down 5.3% on a year-over-year basis. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.17 EPS for the current fiscal year.

Insider Activity

In related news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the sale, the president now owns 861,652 shares of the company’s stock, valued at $24,048,707.32. This trade represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amy W. Chronis purchased 2,241 shares of Kinder Morgan stock in a transaction that occurred 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 transaction, the director now directly owns 23,995 shares of the company’s stock, valued at $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 745,263 shares of company stock worth $18,578,014. Insiders own 12.81% of the company’s stock.

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.