Walker Asset Management LLC Takes $207,000 Position in Kinder Morgan, Inc. (NYSE:KMI)

Walker Asset Management LLC acquired a new position in Kinder Morgan, Inc. (NYSE:KMI) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 7,543 shares of the pipeline company’s stock, valued at approximately $207,000.

Several other large investors have also recently added to or reduced their stakes in the business. Relyea Zuckerberg Hanson LLC acquired a new position in shares of Kinder Morgan during the fourth quarter valued at $250,000. Everpar Advisors LLC acquired a new position in Kinder Morgan during the 4th quarter valued at about $234,000. RDA Financial Network raised its position in shares of Kinder Morgan by 8.1% during the 4th quarter. RDA Financial Network now owns 91,118 shares of the pipeline company’s stock worth $2,497,000 after buying an additional 6,836 shares in the last quarter. Decker Retirement Planning Inc. bought a new position in shares of Kinder Morgan in the fourth quarter valued at approximately $55,000. Finally, Morton Capital Management LLC CA increased its stake in shares of Kinder Morgan by 1.4% during the fourth quarter. Morton Capital Management LLC CA now owns 37,604 shares of the pipeline company’s stock valued at $1,030,000 after acquiring an additional 535 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Trading Up 0.9 %

Kinder Morgan stock opened at $30.32 on Friday. The company has a 50 day moving average price of $27.61 and a 200 day moving average price of $23.99. 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 52 week low of $16.47 and a 52 week high of $30.51. The firm has a market capitalization 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 (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates 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 quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS. Research analysts forecast that Kinder Morgan, Inc. will post 1.17 EPS for the current year.

Insiders Place Their Bets

In related news, Director Amy W. Chronis purchased 2,241 shares of Kinder Morgan stock in a transaction dated Tuesday, November 5th. The stock was acquired at an average cost of $24.89 per share, with a total value of $55,778.49. Following the completion of the transaction, the director now directly owns 23,995 shares of the company’s stock, valued at $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction that occurred 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 transaction, the president now directly owns 861,652 shares in the company, valued at $24,048,707.32. The trade was a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 745,263 shares of company stock worth $18,578,014. 12.81% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on KMI shares. Royal Bank of Canada increased their price target on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. Barclays raised their target price on Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday. UBS Group upped their price target on shares of Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a report on Friday, December 6th. The Goldman Sachs Group lifted 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. Finally, Wells Fargo & Company boosted their target price on shares of Kinder Morgan from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and an average target price of $27.00.

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.