Brave Asset Management Inc. Trims Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Brave Asset Management Inc. cut its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 16.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 25,000 shares of the pipeline company’s stock after selling 4,900 shares during the quarter. Brave Asset Management Inc.’s holdings in Kinder Morgan were worth $685,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Modus Advisors LLC acquired a new position in Kinder Morgan in the fourth quarter worth about $27,000. Northwest Investment Counselors LLC bought a new position in Kinder Morgan during the 3rd quarter worth approximately $28,000. HWG Holdings LP acquired a new position in shares of Kinder Morgan in the 2nd quarter worth approximately $30,000. Planning Capital Management Corp increased its holdings in shares of Kinder Morgan by 143.6% in the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 797 shares during the last quarter. Finally, HM Payson & Co. raised 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 acquiring an additional 1,145 shares in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Morgan Stanley set a $26.00 price objective on shares of Kinder Morgan in a report on Friday, October 18th. UBS Group boosted their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Bank of America initiated coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They set a “buy” rating and a $27.00 price objective on the stock. Royal Bank of Canada lifted their target price 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. Finally, The Goldman Sachs Group raised their target price on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Eight equities research 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.67.

Kinder Morgan Stock Up 1.1 %

KMI stock 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. The firm has a market cap of $65.38 billion, a PE ratio of 25.82, a P/E/G ratio of 3.71 and a beta of 0.94. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $29.58. The firm has a 50 day simple moving average of $27.47 and a 200 day simple moving average of $23.91.

Kinder Morgan (NYSE:KMI) last issued its earnings results 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). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the firm earned $0.25 earnings per share. The business’s revenue was down 5.3% compared to the same quarter last year. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director C Park Shaper sold 690,142 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the sale, the director now owns 6,809,858 shares in the company, valued at $168,543,985.50. The trade was a 9.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Amy W. Chronis acquired 2,241 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average cost of $24.89 per share, with a total value of $55,778.49. Following the purchase, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 745,263 shares of company stock worth $18,578,014. Company insiders own 12.81% 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.