River Road Asset Management LLC Grows Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

River Road Asset Management LLC grew its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 2.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,549,460 shares of the pipeline company’s stock after acquiring an additional 41,505 shares during the period. River Road Asset Management LLC’s holdings in Kinder Morgan were worth $27,332,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Moneta Group Investment Advisors LLC boosted its position in shares of Kinder Morgan by 102,208.0% in 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 buying an additional 41,030,376 shares during the period. Price T Rowe Associates Inc. MD lifted 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 acquiring an additional 34,269,435 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in 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 worth $472,464,000 after acquiring an additional 87,516 shares during the period. Morgan Stanley boosted its holdings in Kinder Morgan by 8.9% in the 4th quarter. Morgan Stanley now owns 22,573,449 shares of the pipeline company’s stock worth $408,128,000 after acquiring an additional 1,846,231 shares during the period. Finally, Northern Trust Corp grew its position in Kinder Morgan by 3.0% in the third quarter. Northern Trust Corp now owns 22,297,204 shares of the pipeline company’s stock valued at $369,688,000 after acquiring an additional 639,467 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on KMI shares. StockNews.com cut shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Truist Financial reiterated a “hold” rating and issued a $20.00 price objective (down previously from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $20.20.

Kinder Morgan Stock Up 1.6 %

KMI stock opened at $18.04 on Thursday. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.88. The firm has a 50 day simple moving average of $17.71 and a 200-day simple moving average of $17.36. The company has a market capitalization of $40.04 billion, a P/E ratio of 16.60, a PEG ratio of 4.95 and a beta of 0.90. Kinder Morgan, Inc. has a twelve month low of $15.89 and a twelve month high of $18.72.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. Kinder Morgan had a net margin of 15.59% and a return on equity of 7.57%. The company had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the previous year, the firm earned $0.30 EPS. The company’s revenue was down 1.2% on a year-over-year basis. On average, equities research analysts predict that Kinder Morgan, Inc. will post 1.19 earnings per share for the current fiscal year.

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.