Sanders Morris Harris LLC Sells 2,500 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Sanders Morris Harris LLC lessened its position in Kinder Morgan, Inc. (NYSE:KMI) by 4.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,072 shares of the pipeline company’s stock after selling 2,500 shares during the quarter. Sanders Morris Harris LLC’s holdings in Kinder Morgan were worth $1,396,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. lifted its stake in Kinder Morgan by 2.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 77,873 shares of the pipeline company’s stock worth $2,134,000 after purchasing an additional 1,623 shares during the last quarter. Flywheel Private Wealth LLC purchased a new stake in shares of Kinder Morgan in the fourth quarter worth approximately $222,000. Contravisory Investment Management Inc. bought a new stake in shares of Kinder Morgan during the 4th quarter worth approximately $304,000. USA Financial Formulas grew its position in Kinder Morgan by 27.9% in the 4th quarter. USA Financial Formulas now owns 48,271 shares of the pipeline company’s stock valued at $1,323,000 after acquiring an additional 10,538 shares during the last quarter. Finally, CHURCHILL MANAGEMENT Corp increased its stake in Kinder Morgan by 2.0% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 486,036 shares of the pipeline company’s stock worth $13,317,000 after purchasing an additional 9,756 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KMI. Scotiabank initiated coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price for the company. The Goldman Sachs Group boosted their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Barclays raised their target price on shares of Kinder Morgan from $24.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. Truist Financial boosted their price target on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, October 17th. Finally, UBS Group raised their price objective on Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $26.67.

Kinder Morgan Price Performance

Shares of KMI stock opened at $29.57 on Thursday. The stock’s 50-day moving average is $27.47 and its 200 day moving average is $23.91. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $29.58. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. The company has a market cap of $65.69 billion, a P/E ratio of 25.94, a PEG ratio of 3.71 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last released its quarterly 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). The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.25 earnings per share. Research analysts predict that Kinder Morgan, Inc. will post 1.17 earnings per share for the current fiscal year.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis bought 2,241 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, November 5th. The shares were bought 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 approximately $597,235.55. This represents a 10.30 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction dated 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 directly owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 745,263 shares of company stock valued at $18,578,014 over the last 90 days. Insiders own 12.64% of the company’s stock.

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.