Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by SVB Wealth LLC

SVB Wealth LLC boosted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 15.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 120,240 shares of the pipeline company’s stock after purchasing an additional 16,459 shares during the period. SVB Wealth LLC’s holdings in Kinder Morgan were worth $2,121,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in KMI. Tucker Asset Management LLC acquired a new position in shares of Kinder Morgan in the third quarter valued at approximately $25,000. Hartford Financial Management Inc. purchased a new position in Kinder Morgan during the 3rd quarter worth $26,000. First Capital Advisors Group LLC. purchased a new position in Kinder Morgan during the 2nd quarter worth $29,000. Activest Wealth Management purchased a new stake in shares of Kinder Morgan in the fourth quarter valued at about $30,000. Finally, OFI Invest Asset Management acquired a new position in shares of Kinder Morgan during the third quarter worth about $33,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on KMI shares. Truist Financial reiterated a “hold” rating and set a $20.00 target price (down previously from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. StockNews.com cut shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $20.20.

Kinder Morgan Stock Up 0.4 %

KMI stock opened at $17.76 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.35 and a quick ratio of 0.28. Kinder Morgan, Inc. has a 12 month low of $15.89 and a 12 month high of $18.72. The firm has a market capitalization of $39.42 billion, a PE ratio of 16.60, a P/E/G ratio of 4.95 and a beta of 0.90. The company’s 50 day simple moving average is $17.71 and its 200-day simple moving average is $17.36.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, meeting analysts’ consensus estimates of $0.34. Kinder Morgan had a return on equity of 7.57% and a net margin of 15.59%. The firm had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter in the prior year, the firm earned $0.30 EPS. Kinder Morgan’s quarterly revenue was down 1.2% on a year-over-year basis. Equities analysts expect that Kinder Morgan, Inc. will post 1.19 earnings per share for the current fiscal year.

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.