Steigerwald Gordon & Koch Inc. Has $18.35 Million Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Steigerwald Gordon & Koch Inc. lifted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 669,849 shares of the pipeline company’s stock after acquiring an additional 13,406 shares during the period. Kinder Morgan accounts for about 2.1% of Steigerwald Gordon & Koch Inc.’s portfolio, making the stock its 21st biggest position. Steigerwald Gordon & Koch Inc.’s holdings in Kinder Morgan were worth $18,354,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of KMI. Retirement Wealth Solutions LLC bought a new position in Kinder Morgan in the fourth quarter valued at approximately $25,000. Modus Advisors LLC acquired a new position in shares of Kinder Morgan in the 4th quarter valued at $27,000. Northwest Investment Counselors LLC bought a new position in shares of Kinder Morgan in the 3rd quarter worth $28,000. HWG Holdings LP acquired a new stake in shares of Kinder Morgan during the second quarter worth $30,000. Finally, Planning Capital Management Corp increased its holdings in Kinder Morgan by 143.6% in the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 797 shares during the last quarter. 62.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KMI. Truist Financial raised their target price on Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Bank of America began 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. Wells Fargo & Company upped their target price on shares of Kinder Morgan from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Royal Bank of Canada lifted their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. Finally, Barclays upped their price objective on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research report on Thursday. Eight equities 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. Based on data from MarketBeat, Kinder Morgan presently has a consensus rating of “Moderate Buy” and an average target price of $27.00.

Kinder Morgan Stock Performance

KMI opened at $30.32 on Friday. The company 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. The business’s 50-day moving average price is $27.68 and its two-hundred day moving average price is $24.07. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 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.

Kinder Morgan (NYSE:KMI) last announced 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 net margin of 16.76% and a return on equity of 7.87%. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the business posted $0.25 EPS. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. Equities analysts expect that Kinder Morgan, Inc. will post 1.17 EPS for the current fiscal year.

Insider Activity

In other news, Director C Park Shaper sold 690,142 shares of the stock in a transaction dated 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 completion of the transaction, the director now directly owns 6,809,858 shares in the company, valued at $168,543,985.50. This represents a 9.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Thomas A. Martin sold 19,121 shares of Kinder Morgan stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total value of $502,499.88. Following the completion of the sale, the president now directly owns 897,652 shares in the company, valued at approximately $23,590,294.56. This represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 745,263 shares of company stock worth $18,578,014 over the last ninety days. Insiders own 12.81% of the company’s stock.

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.