Cornercap Investment Counsel Inc. Decreases Position in Kinder Morgan, Inc. (NYSE:KMI)

Cornercap Investment Counsel Inc. trimmed its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 91.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,822 shares of the pipeline company’s stock after selling 166,829 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Kinder Morgan were worth $261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC grew its stake in shares of Kinder Morgan by 102,208.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 41,070,520 shares of the pipeline company’s stock worth $742,555,000 after acquiring an additional 41,030,376 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Kinder Morgan by 1,352.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,803,132 shares of the pipeline company’s stock worth $665,401,000 after purchasing an additional 34,269,435 shares during the last quarter. Norges Bank purchased a new position in shares of Kinder Morgan in the fourth quarter worth $256,613,000. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of Kinder Morgan during the third quarter worth $99,908,000. Finally, Invesco Ltd. grew its holdings in shares of Kinder Morgan by 29.4% during the third quarter. Invesco Ltd. now owns 21,438,556 shares of the pipeline company’s stock valued at $355,451,000 after buying an additional 4,870,444 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Kinder Morgan Price Performance

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

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, hitting the consensus estimate 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 analyst estimates of $4.36 billion. During the same period last year, the company earned $0.30 earnings per share. Kinder Morgan’s revenue for the quarter was down 1.2% compared to the same quarter last year. Research analysts predict that Kinder Morgan, Inc. will post 1.19 earnings per share for the current year.

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.