Tyche Wealth Partners LLC Makes New Investment in Kinder Morgan, Inc. (NYSE:KMI)

Tyche Wealth Partners LLC bought a new stake in Kinder Morgan, Inc. (NYSE:KMI) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 18,711 shares of the pipeline company’s stock, valued at approximately $330,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Moneta Group Investment Advisors LLC raised its holdings in shares of Kinder Morgan by 102,208.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 41,070,520 shares of the pipeline company’s stock valued at $742,555,000 after purchasing an additional 41,030,376 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Kinder Morgan by 1,352.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,803,132 shares of the pipeline company’s stock valued at $665,401,000 after purchasing an additional 34,269,435 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Kinder Morgan by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 29,869,687 shares of the pipeline company’s stock valued at $472,464,000 after purchasing an additional 87,516 shares during the period. Morgan Stanley raised its holdings in shares of Kinder Morgan by 8.9% in the 4th quarter. Morgan Stanley now owns 22,573,449 shares of the pipeline company’s stock valued at $408,128,000 after purchasing an additional 1,846,231 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Kinder Morgan by 3.0% in the 3rd quarter. Northern Trust Corp now owns 22,297,204 shares of the pipeline company’s stock valued at $369,688,000 after purchasing an additional 639,467 shares during the period. 62.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

KMI has been the topic of a number of research analyst reports. StockNews.com cut shares of Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Truist Financial reaffirmed a “hold” rating and issued a $20.00 target price (down from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $20.20.

Kinder Morgan Stock Up 0.4 %

Shares of KMI opened at $17.76 on Thursday. Kinder Morgan, Inc. has a 52 week low of $15.89 and a 52 week high of $18.72. The firm has a market cap of $39.42 billion, a P/E ratio of 16.60, a price-to-earnings-growth ratio of 4.95 and a beta of 0.90. The firm’s 50-day simple moving average is $17.71 and its 200 day simple 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 (NYSE:KMI) last announced its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, meeting analysts’ consensus estimates of $0.34. Kinder Morgan had a net margin of 15.59% and a return on equity of 7.57%. The business had revenue of $3.84 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same quarter in the prior year, the business earned $0.30 EPS. Kinder Morgan’s quarterly revenue was down 1.2% on a year-over-year basis. On average, analysts forecast that Kinder Morgan, Inc. will post 1.19 earnings per share for the current 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.