Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by Burney Co.

Burney Co. boosted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 316.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 189,308 shares of the pipeline company’s stock after purchasing an additional 143,881 shares during the period. Burney Co.’s holdings in Kinder Morgan were worth $5,187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in KMI. Sunflower Bank N.A. increased its holdings in shares of Kinder Morgan by 3.6% in the 4th quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company’s stock worth $288,000 after acquiring an additional 367 shares during the period. Ignite Planners LLC grew its position in Kinder Morgan by 3.9% in the 4th quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company’s stock worth $282,000 after purchasing an additional 372 shares during the last quarter. Eagle Bay Advisors LLC raised its holdings in shares of Kinder Morgan by 8.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company’s stock valued at $142,000 after buying an additional 385 shares during the last quarter. Sunbelt Securities Inc. boosted its position in shares of Kinder Morgan by 0.5% during the third quarter. Sunbelt Securities Inc. now owns 90,560 shares of the pipeline company’s stock worth $2,000,000 after buying an additional 414 shares during the period. Finally, SignalPoint Asset Management LLC grew its holdings in Kinder Morgan by 1.5% in the 3rd quarter. SignalPoint Asset Management LLC now owns 30,059 shares of the pipeline company’s stock worth $655,000 after buying an additional 447 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

KMI has been the subject of a number of analyst reports. UBS Group boosted their price target on Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Barclays raised their target price on shares of Kinder Morgan from $24.00 to $27.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Bank of America began coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They issued a “buy” rating and a $27.00 price target for the company. Morgan Stanley set a $26.00 target price on Kinder Morgan in a report on Friday, October 18th. Finally, The Goldman Sachs Group lifted their price target on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and an average price target of $26.67.

Kinder Morgan Stock Up 1.2 %

Shares of NYSE:KMI opened at $29.46 on Wednesday. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $29.50. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. The company has a market cap of $65.45 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 3.87 and a beta of 0.94. The firm has a 50 day simple moving average of $27.47 and a 200 day simple moving average of $23.91.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the business posted $0.25 earnings per share. The company’s revenue was down 5.3% compared to the same quarter last year. As a group, research analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Amy W. Chronis purchased 2,241 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was acquired at an average price of $24.89 per share, with a total value of $55,778.49. Following the purchase, the director now owns 23,995 shares in the company, valued at $597,235.55. This represents a 10.30 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total transaction of $502,380.00. Following the transaction, the president now directly owns 861,652 shares in the company, valued at approximately $24,048,707.32. The trade was a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 745,263 shares of company stock worth $18,578,014 in the last quarter. 12.64% of the stock is currently owned by corporate insiders.

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.