Armstrong Advisory Group Inc. Sells 2,407 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Armstrong Advisory Group Inc. decreased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 12.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,087 shares of the pipeline company’s stock after selling 2,407 shares during the period. Armstrong Advisory Group Inc.’s holdings in Kinder Morgan were worth $468,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of KMI. CHURCHILL MANAGEMENT Corp boosted its position in Kinder Morgan by 2.0% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 486,036 shares of the pipeline company’s stock valued at $13,317,000 after acquiring an additional 9,756 shares in the last quarter. Burney Co. lifted its stake in shares of Kinder Morgan by 316.7% in the 4th quarter. Burney Co. now owns 189,308 shares of the pipeline company’s stock valued at $5,187,000 after purchasing an additional 143,881 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Kinder Morgan by 30.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 26,797 shares of the pipeline company’s stock valued at $734,000 after purchasing an additional 6,237 shares in the last quarter. Park Avenue Securities LLC grew its stake in Kinder Morgan by 80.7% in the fourth quarter. Park Avenue Securities LLC now owns 70,104 shares of the pipeline company’s stock worth $1,921,000 after purchasing an additional 31,308 shares during the period. Finally, Fifth Third Wealth Advisors LLC raised its holdings in Kinder Morgan by 31.1% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 65,631 shares of the pipeline company’s stock worth $1,798,000 after purchasing an additional 15,586 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Transactions at Kinder Morgan

In related news, Director Amy W. Chronis bought 2,241 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were bought at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the acquisition, the director now owns 23,995 shares of the company’s stock, valued at $597,235.55. This trade represents a 10.30 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction 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 sale, the president now owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 745,263 shares of company stock worth $18,578,014 over the last three months. 12.64% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on KMI shares. Bank of America began coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They issued a “buy” rating and a $27.00 target price on the stock. Morgan Stanley set a $26.00 price objective on shares of Kinder Morgan in a report on Friday, October 18th. Truist Financial lifted their target price 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. Wells Fargo & Company upped their price target on Kinder Morgan from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Finally, Barclays lifted their price objective on Kinder Morgan from $24.00 to $27.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Eight 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 company’s stock. Based on data from MarketBeat.com, Kinder Morgan has an average rating of “Moderate Buy” and a consensus price target of $26.67.

Kinder Morgan Trading Up 1.1 %

Shares of NYSE:KMI opened at $29.43 on Thursday. 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, Inc. has a 1 year low of $16.47 and a 1 year high of $29.58. The company has a market cap of $65.38 billion, a P/E ratio of 25.82, a PEG ratio of 3.87 and a beta of 0.94. The stock’s fifty day moving average price is $27.47 and its 200-day moving average price is $23.91.

Kinder Morgan (NYSE:KMI) last posted 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). The company had revenue of $3.70 billion for 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%. Kinder Morgan’s revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.25 EPS. Sell-side analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

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.