Armstrong Advisory Group Inc. Reduces Position in Kinder Morgan, Inc. (NYSE:KMI)

Armstrong Advisory Group Inc. trimmed its stake in Kinder Morgan, Inc. (NYSE:KMI) by 12.3% in the 4th quarter, HoldingsChannel reports. The firm owned 17,087 shares of the pipeline company’s stock after selling 2,407 shares during the period. Armstrong Advisory Group Inc.’s holdings in Kinder Morgan were worth $468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of KMI. Modus Advisors LLC purchased a new stake in Kinder Morgan in the fourth quarter worth about $27,000. Northwest Investment Counselors LLC purchased a new stake in Kinder Morgan in the 3rd quarter worth approximately $28,000. Planning Capital Management Corp raised its stake in Kinder Morgan by 143.6% during the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 797 shares during the period. HM Payson & Co. lifted its holdings in Kinder Morgan by 401.8% during the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock valued at $32,000 after purchasing an additional 1,145 shares in the last quarter. Finally, Activest Wealth Management boosted its position in shares of Kinder Morgan by 63.0% in the third quarter. Activest Wealth Management now owns 1,478 shares of the pipeline company’s stock worth $33,000 after purchasing an additional 571 shares during the period. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Stock Performance

Shares of NYSE:KMI opened at $29.43 on Thursday. The firm has a fifty day simple moving average of $27.47 and a two-hundred day simple moving average of $23.91. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $65.38 billion, a P/E ratio of 25.82, a PEG ratio of 3.87 and a beta of 0.94. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $29.58.

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

Insider Activity

In related news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the transaction, the president now directly owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. The trade was a 2.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amy W. Chronis acquired 2,241 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased 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 in the company, 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. In the last 90 days, insiders have sold 745,263 shares of company stock valued at $18,578,014. 12.64% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KMI. Wells Fargo & Company lifted their target price on shares of Kinder Morgan from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. UBS Group upped their price objective on Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. The Goldman Sachs Group lifted their target price on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Royal Bank of Canada upped their price target on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 22nd. Finally, Morgan Stanley set a $26.00 price objective on shares of Kinder Morgan in a research report on Friday, October 18th. Eight investment 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. According to data from MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and a consensus target price of $26.67.

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.