Court Place Advisors LLC Sells 2,200 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Court Place Advisors LLC trimmed its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 12.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,007 shares of the pipeline company’s stock after selling 2,200 shares during the quarter. Court Place Advisors LLC’s holdings in Kinder Morgan were worth $265,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gotham Asset Management LLC lifted its holdings in shares of Kinder Morgan by 11.3% during the third quarter. Gotham Asset Management LLC now owns 533,348 shares of the pipeline company’s stock worth $8,843,000 after buying an additional 54,184 shares in the last quarter. Rheos Capital Works Inc. acquired a new stake in shares of Kinder Morgan during the third quarter worth $4,642,000. Virginia Wealth Management Group Inc. lifted its holdings in shares of Kinder Morgan by 1.6% during the third quarter. Virginia Wealth Management Group Inc. now owns 201,278 shares of the pipeline company’s stock worth $3,337,000 after buying an additional 3,085 shares in the last quarter. Bahl & Gaynor Inc. lifted its holdings in shares of Kinder Morgan by 69.2% during the third quarter. Bahl & Gaynor Inc. now owns 3,955,216 shares of the pipeline company’s stock worth $65,577,000 after buying an additional 1,617,250 shares in the last quarter. Finally, Teza Capital Management LLC lifted its holdings in shares of Kinder Morgan by 190.9% during the third quarter. Teza Capital Management LLC now owns 527,280 shares of the pipeline company’s stock worth $8,742,000 after buying an additional 346,000 shares in the last quarter. 62.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. StockNews.com downgraded Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Truist Financial reissued a “hold” rating and set a $20.00 target price (down previously from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $20.20.

Kinder Morgan Price Performance

KMI traded up $0.07 on Wednesday, hitting $17.76. 12,949,792 shares of the stock were exchanged, compared to its average volume of 13,968,672. Kinder Morgan, Inc. has a 12 month low of $15.89 and a 12 month high of $18.72. The business has a 50-day moving average of $17.68 and a two-hundred day moving average of $17.36. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.35 and a quick ratio of 0.28. The firm has a market capitalization of $39.42 billion, a price-to-earnings ratio of 16.53, a PEG ratio of 5.03 and a beta of 0.90.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. Kinder Morgan had a net margin of 15.59% and a return on equity of 7.57%. The business had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter in the prior year, the business posted $0.30 earnings per share. Kinder Morgan’s revenue was down 1.2% compared to the same quarter last year. Sell-side analysts forecast that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

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.