Strs Ohio Sells 22,593 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Strs Ohio cut its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 3.3% during the 4th quarter, Holdings Channel reports. The fund owned 663,563 shares of the pipeline company’s stock after selling 22,593 shares during the period. Strs Ohio’s holdings in Kinder Morgan were worth $11,705,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Carnegie Capital Asset Management LLC raised its holdings in Kinder Morgan by 3.3% in the 4th quarter. Carnegie Capital Asset Management LLC now owns 562,234 shares of the pipeline company’s stock worth $9,918,000 after purchasing an additional 17,891 shares during the period. Capital Advisors Inc. OK purchased a new stake in Kinder Morgan in the fourth quarter worth about $1,809,000. Louisiana State Employees Retirement System bought a new position in shares of Kinder Morgan in the fourth quarter worth about $2,062,000. Lauer Wealth LLC lifted its position in shares of Kinder Morgan by 22.1% during the 4th quarter. Lauer Wealth LLC now owns 17,227 shares of the pipeline company’s stock valued at $296,000 after buying an additional 3,113 shares in the last quarter. Finally, Crestwood Advisors Group LLC grew its stake in shares of Kinder Morgan by 0.4% during the 4th quarter. Crestwood Advisors Group LLC now owns 1,310,664 shares of the pipeline company’s stock valued at $23,120,000 after acquiring an additional 5,708 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on KMI. StockNews.com cut shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Truist Financial restated a “hold” rating and set a $20.00 price objective (down from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $20.20.

Kinder Morgan Trading Up 0.4 %

KMI stock opened at $17.76 on Thursday. The company has a market capitalization of $39.42 billion, a price-to-earnings ratio of 16.60, a PEG ratio of 4.95 and a beta of 0.90. 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 1-year low of $15.89 and a 1-year high of $18.72. The business has a 50 day simple moving average of $17.71 and a two-hundred day simple moving average of $17.36.

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