Penn Davis Mcfarland Inc. Sells 4,338 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Penn Davis Mcfarland Inc. reduced its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,796,336 shares of the pipeline company’s stock after selling 4,338 shares during the period. Kinder Morgan comprises about 5.4% of Penn Davis Mcfarland Inc.’s investment portfolio, making the stock its 4th largest holding. Penn Davis Mcfarland Inc. owned 0.08% of Kinder Morgan worth $49,220,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. American Century Companies Inc. grew its position in Kinder Morgan by 1.6% in the second quarter. American Century Companies Inc. now owns 346,183 shares of the pipeline company’s stock valued at $6,879,000 after purchasing an additional 5,402 shares in the last quarter. Edgestream Partners L.P. bought a new stake in Kinder Morgan during the 2nd quarter worth about $213,000. Intech Investment Management LLC boosted its stake in shares of Kinder Morgan by 102.1% during the 2nd quarter. Intech Investment Management LLC now owns 98,945 shares of the pipeline company’s stock worth $1,966,000 after buying an additional 49,991 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Kinder Morgan by 21.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 219,744 shares of the pipeline company’s stock valued at $4,366,000 after acquiring an additional 38,975 shares in the last quarter. Finally, Benjamin Edwards Inc. increased its position in shares of Kinder Morgan by 3.7% in the second quarter. Benjamin Edwards Inc. now owns 15,967 shares of the pipeline company’s stock valued at $317,000 after acquiring an additional 571 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

KMI has been the subject of several recent research reports. Scotiabank initiated coverage on 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. Wells Fargo & Company increased their price objective on Kinder Morgan from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. UBS Group boosted their target price on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Truist Financial upped their price target on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Finally, The Goldman Sachs Group boosted their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kinder Morgan has a consensus rating of “Moderate Buy” and an average target price of $27.00.

Kinder Morgan Stock Performance

Shares of NYSE KMI opened at $30.32 on Monday. The stock’s fifty day moving average price is $27.68 and its two-hundred day moving average price is $24.10. The firm has a market cap of $67.36 billion, a price-to-earnings ratio of 26.59, a P/E/G ratio of 3.71 and a beta of 0.94. Kinder Morgan, Inc. has a one year low of $16.47 and a one year high of $30.51. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was 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 $24,048,707.32. This represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Amy W. Chronis acquired 2,241 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was bought at an average cost of $24.89 per share, with a total value of $55,778.49. Following the completion of the acquisition, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 55,121 shares of company stock valued at $1,497,000. 12.81% of the stock is owned by company insiders.

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.