NBW Capital LLC Reduces Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

NBW Capital LLC reduced its stake in Kinder Morgan, Inc. (NYSE:KMI) by 32.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,806 shares of the pipeline company’s stock after selling 15,028 shares during the period. NBW Capital LLC’s holdings in Kinder Morgan were worth $543,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in KMI. Tucker Asset Management LLC purchased a new position in shares of Kinder Morgan during the third quarter worth approximately $25,000. Hartford Financial Management Inc. purchased a new position in shares of Kinder Morgan during the third quarter worth approximately $26,000. First Capital Advisors Group LLC. purchased a new position in shares of Kinder Morgan during the second quarter worth approximately $29,000. Activest Wealth Management purchased a new position in shares of Kinder Morgan during the fourth quarter worth approximately $30,000. Finally, Rakuten Securities Inc. purchased a new position in shares of Kinder Morgan during the fourth quarter worth approximately $33,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Stock Performance

Shares of NYSE KMI traded up $0.45 during mid-day trading on Thursday, hitting $18.21. 16,761,725 shares of the company were exchanged, compared to its average volume of 14,003,484. The company has a quick ratio of 0.28, a current ratio of 0.35 and a debt-to-equity ratio of 0.88. The stock has a 50 day simple moving average of $17.71 and a 200-day simple moving average of $17.36. Kinder Morgan, Inc. has a 1-year low of $15.89 and a 1-year high of $18.72. The firm has a market cap of $40.41 billion, a price-to-earnings ratio of 17.09, a price-to-earnings-growth ratio of 4.95 and a beta of 0.90.

Kinder Morgan (NYSE:KMI) last released 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 company had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter last year, the company earned $0.30 earnings per share. Kinder Morgan’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, sell-side analysts forecast that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

KMI has been the topic of a number of research reports. StockNews.com lowered shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Truist Financial reaffirmed a “hold” rating and set a $20.00 price target (down from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $20.20.

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.