Everpar Advisors LLC Invests $234,000 in Kinder Morgan, Inc. (NYSE:KMI)

Everpar Advisors LLC acquired a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,523 shares of the pipeline company’s stock, valued at approximately $234,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMI. American Century Companies Inc. grew its holdings in shares of Kinder Morgan by 1.6% during the second quarter. American Century Companies Inc. now owns 346,183 shares of the pipeline company’s stock worth $6,879,000 after buying an additional 5,402 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in Kinder Morgan during the second quarter worth approximately $213,000. Vanguard Personalized Indexing Management LLC grew its stake in Kinder Morgan by 43.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 151,021 shares of the pipeline company’s stock worth $2,989,000 after acquiring an additional 45,482 shares during the period. WCG Wealth Advisors LLC acquired a new position in Kinder Morgan in the 2nd quarter valued at $295,000. Finally, Intech Investment Management LLC lifted its stake in shares of Kinder Morgan by 102.1% during the 2nd quarter. Intech Investment Management LLC now owns 98,945 shares of the pipeline company’s stock worth $1,966,000 after purchasing an additional 49,991 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on KMI shares. Royal Bank of Canada upped their target price on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. UBS Group raised their target price on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Truist Financial increased their price target on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday, October 17th. Morgan Stanley set a $26.00 price objective on shares of Kinder Morgan in a research note on Friday, October 18th. Finally, Barclays upped their price objective on Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a report on Thursday. Eight 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $27.00.

Kinder Morgan Trading Up 0.9 %

KMI opened at $30.32 on Friday. The firm has a market capitalization of $67.36 billion, a P/E ratio of 26.59, a P/E/G ratio of 3.71 and a beta of 0.94. The firm’s 50 day moving average is $27.61 and its 200-day moving average is $23.99. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $30.51.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter last year, the firm posted $0.25 EPS. The company’s revenue was down 5.3% compared to the same quarter last year. Analysts expect that Kinder Morgan, Inc. will post 1.17 EPS for the current fiscal year.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 19,121 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total transaction of $502,499.88. Following the completion of the transaction, the president now owns 897,652 shares in the company, valued at $23,590,294.56. The trade was a 2.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Amy W. Chronis bought 2,241 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was bought at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the transaction, the director now directly owns 23,995 shares of the company’s stock, valued at $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 745,263 shares of company stock worth $18,578,014. 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.