Annex Advisory Services LLC Buys New Position in Kinder Morgan, Inc. (NYSE:KMI)

Annex Advisory Services LLC bought a new stake in Kinder Morgan, Inc. (NYSE:KMI) in the 4th quarter, Holdings Channel reports. The institutional investor bought 12,359 shares of the pipeline company’s stock, valued at approximately $339,000.

Several other institutional investors have also recently added to or reduced their stakes in KMI. Duquesne Family Office LLC raised its stake in Kinder Morgan by 74.0% in the 2nd quarter. Duquesne Family Office LLC now owns 6,753,165 shares of the pipeline company’s stock valued at $134,185,000 after purchasing an additional 2,872,665 shares during the last quarter. Barclays PLC raised its stake in Kinder Morgan by 39.9% in the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock valued at $180,833,000 after purchasing an additional 2,334,273 shares during the last quarter. National Bank of Canada FI raised its stake in Kinder Morgan by 295.5% in the 3rd quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company’s stock valued at $64,879,000 after purchasing an additional 2,194,489 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Kinder Morgan by 1,849.7% in the 3rd quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company’s stock valued at $47,817,000 after buying an additional 2,053,612 shares during the period. Finally, Marshall Wace LLP grew its holdings in Kinder Morgan by 20.6% in the 2nd quarter. Marshall Wace LLP now owns 7,770,943 shares of the pipeline company’s stock valued at $154,409,000 after buying an additional 1,328,082 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insiders Place Their Bets

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the transaction, the president now owns 861,652 shares in the company, valued at $24,048,707.32. This represents a 2.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy W. Chronis purchased 2,241 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was bought at an average price 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 $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 55,121 shares of company stock worth $1,497,000 in the last 90 days. 12.64% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have commented on KMI shares. Morgan Stanley set a $26.00 price target on Kinder Morgan in a report on Friday, October 18th. Scotiabank started coverage on Kinder Morgan in a report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price target for the company. Barclays lifted their price target on Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. Wells Fargo & Company lifted their price target on Kinder Morgan from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Finally, Truist Financial lifted their price target on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, October 17th. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and an average price target of $27.00.

Kinder Morgan Stock Up 0.9 %

NYSE KMI opened at $30.32 on Tuesday. The stock has a market cap of $67.36 billion, a PE ratio of 26.59, a P/E/G ratio of 3.71 and a beta of 0.94. Kinder Morgan, Inc. has a fifty-two week low of $16.47 and a fifty-two week high of $30.51. The business has a 50 day moving average price of $27.68 and a two-hundred day moving average price of $24.13. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95.

Kinder Morgan Company 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.