Lake Street Private Wealth LLC Grows Position in Kinder Morgan, Inc. (NYSE:KMI)

Lake Street Private Wealth LLC lifted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 7.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,074 shares of the pipeline company’s stock after acquiring an additional 1,588 shares during the period. Lake Street Private Wealth LLC’s holdings in Kinder Morgan were worth $632,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Retirement Wealth Solutions LLC bought a new position in shares of Kinder Morgan in the fourth quarter valued at approximately $25,000. Modus Advisors LLC purchased a new stake in shares of Kinder Morgan in the 4th quarter valued at about $27,000. Northwest Investment Counselors LLC bought a new stake in shares of Kinder Morgan during the 3rd quarter valued at about $28,000. HWG Holdings LP purchased a new position in shares of Kinder Morgan during the second quarter worth about $30,000. Finally, Planning Capital Management Corp increased its holdings in shares of Kinder Morgan by 143.6% in the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after buying an additional 797 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on KMI. Truist Financial increased their price target on shares of Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. Bank of America initiated coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They issued a “buy” rating and a $27.00 target price on the stock. Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a report on Friday, October 18th. UBS Group increased 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. Finally, Barclays increased their price target on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Thursday. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.00.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $30.32 on Friday. The company has a market capitalization of $67.36 billion, a price-to-earnings ratio of 26.59, a price-to-earnings-growth 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, Inc. has a one year low of $16.47 and a one year high of $30.51. The company’s 50-day moving average is $27.61 and its 200 day moving average is $23.99.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The business’s revenue for the quarter 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. Sell-side analysts expect that Kinder Morgan, Inc. will post 1.17 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, President Thomas A. Martin sold 19,121 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total value of $502,499.88. Following the completion of the sale, the president now directly owns 897,652 shares in the company, valued at $23,590,294.56. This represents a 2.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director C Park Shaper sold 690,142 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $24.75, for a total value of $17,081,014.50. Following the sale, the director now directly owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. This represents a 9.20 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 745,263 shares of company stock valued at $18,578,014. 12.81% of the stock is owned by insiders.

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.