Silverberg Bernstein Capital Management LLC Lowers Stake in Kinder Morgan, Inc. (NYSE:KMI)

Silverberg Bernstein Capital Management LLC decreased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,117 shares of the pipeline company’s stock after selling 700 shares during the period. Kinder Morgan accounts for 1.0% of Silverberg Bernstein Capital Management LLC’s portfolio, making the stock its 25th largest position. Silverberg Bernstein Capital Management LLC’s holdings in Kinder Morgan were worth $1,154,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Modus Advisors LLC bought a new position in Kinder Morgan during the 4th quarter valued at approximately $27,000. Northwest Investment Counselors LLC purchased a new stake in shares of Kinder Morgan in the third quarter worth $28,000. HWG Holdings LP bought a new position in shares of Kinder Morgan during the second quarter valued at $30,000. Planning Capital Management Corp boosted its stake in 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 purchasing an additional 797 shares in the last quarter. Finally, HM Payson & Co. grew its position in 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 purchasing an additional 1,145 shares during the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Trading Up 1.1 %

Shares of NYSE:KMI opened at $29.43 on Wednesday. The stock has a 50 day moving average of $27.47 and a 200 day moving average of $23.91. The company has a market cap of $65.38 billion, a PE ratio of 25.82, a price-to-earnings-growth ratio of 3.87 and a beta of 0.94. Kinder Morgan, Inc. has a 12-month low of $16.47 and a 12-month high of $29.47. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) 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 analysts’ expectations of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period last year, the company earned $0.25 earnings per share. As a group, equities research analysts expect that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on KMI shares. Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a research note on Friday, October 18th. Bank of America started coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They set a “buy” rating and a $27.00 price target on the stock. Truist Financial boosted their price objective on shares of Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, October 17th. Barclays boosted their target price on shares of Kinder Morgan from $24.00 to $27.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Finally, Royal Bank of Canada raised their price target on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 22nd. Eight investment 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $26.67.

Insider Activity

In other Kinder Morgan news, Director Amy W. Chronis purchased 2,241 shares of the 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 acquisition, the director now owns 23,995 shares in the company, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director C Park Shaper sold 690,142 shares of the business’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold 745,263 shares of company stock worth $18,578,014 over the last ninety days. Corporate insiders own 12.64% of the company’s stock.

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.