Kinder Morgan, Inc. (NYSE:KMI) Stock Holdings Raised by CHURCHILL MANAGEMENT Corp

CHURCHILL MANAGEMENT Corp increased its position in Kinder Morgan, Inc. (NYSE:KMI) by 2.0% in the fourth quarter, Holdings Channel reports. The firm owned 486,036 shares of the pipeline company’s stock after purchasing an additional 9,756 shares during the quarter. CHURCHILL MANAGEMENT Corp’s holdings in Kinder Morgan were worth $13,317,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KMI. Modus Advisors LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter valued at approximately $27,000. Northwest Investment Counselors LLC acquired a new stake in shares of Kinder Morgan during the third quarter worth $28,000. HWG Holdings LP bought a new position in shares of Kinder Morgan in the 2nd quarter worth about $30,000. Planning Capital Management Corp grew its position in shares of Kinder Morgan by 143.6% during the 3rd 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 last quarter. Finally, HM Payson & Co. grew its position in shares of Kinder Morgan by 401.8% during the 3rd quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock valued at $32,000 after buying an additional 1,145 shares during the last quarter. 62.52% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director C Park Shaper sold 690,142 shares of Kinder Morgan stock in a transaction that occurred on 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 in the company, valued at $168,543,985.50. This trade represents a 9.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amy W. Chronis bought 2,241 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, November 5th. The shares were acquired at an average price of $24.89 per share, with a total value of $55,778.49. Following the acquisition, the director now directly owns 23,995 shares of the company’s stock, valued at $597,235.55. The trade was a 10.30 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 745,263 shares of company stock worth $18,578,014 over the last ninety days. 12.64% of the stock is currently owned by corporate insiders.

Kinder Morgan Stock Up 1.1 %

Shares of NYSE:KMI opened at $29.43 on Thursday. The company has a 50 day moving average of $27.47 and a 200-day moving average of $23.91. Kinder Morgan, Inc. has a one year low of $16.47 and a one year high of $29.58. The stock has a market cap of $65.38 billion, a price-to-earnings ratio of 25.82, a P/E/G ratio of 3.87 and a beta of 0.94. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share 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 company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the company posted $0.25 EPS. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. On average, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on KMI shares. Wells Fargo & Company increased their price target on Kinder Morgan from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Bank of America began coverage on Kinder Morgan in a research note on Thursday, October 17th. They issued a “buy” rating and a $27.00 target price on the stock. Scotiabank began coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price target for the company. Morgan Stanley set a $26.00 price objective on shares of Kinder Morgan in a research report on Friday, October 18th. Finally, UBS Group raised their price target 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 equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and a consensus target price of $26.67.

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.