Butensky & Cohen Financial Security Inc. Reduces Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Butensky & Cohen Financial Security Inc. lowered its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 17.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 223,083 shares of the pipeline company’s stock after selling 46,781 shares during the period. Kinder Morgan comprises 1.9% of Butensky & Cohen Financial Security Inc.’s holdings, making the stock its 3rd largest position. Butensky & Cohen Financial Security Inc.’s holdings in Kinder Morgan were worth $6,112,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Modus Advisors LLC purchased a new position in shares of Kinder Morgan during the 4th quarter valued at $27,000. Northwest Investment Counselors LLC purchased a new position in shares of Kinder Morgan in the third quarter worth about $28,000. Planning Capital Management Corp increased its stake in shares of Kinder Morgan by 143.6% in the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 797 shares in the last quarter. HM Payson & Co. raised its position in shares of Kinder Morgan by 401.8% in 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 during the period. Finally, Activest Wealth Management lifted its stake in shares of Kinder Morgan by 63.0% during the 3rd quarter. Activest Wealth Management now owns 1,478 shares of the pipeline company’s stock valued at $33,000 after buying an additional 571 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the sale, the president now directly owns 861,652 shares in the company, valued at $24,048,707.32. This trade represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Amy W. Chronis bought 2,241 shares of Kinder Morgan stock in a transaction on Tuesday, November 5th. The shares were purchased at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the acquisition, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 745,263 shares of company stock valued at $18,578,014 in the last 90 days. Insiders own 12.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Bank of America started coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They set a “buy” rating and a $27.00 target price on the stock. Scotiabank began coverage on shares of Kinder Morgan in a report on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price on the stock. UBS Group raised their price target on shares of Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a report on Friday, December 6th. The Goldman Sachs Group upped their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Royal Bank of Canada lifted their price objective on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. Eight 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. Based on data from MarketBeat.com, Kinder Morgan currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.00.

Kinder Morgan Stock Up 0.9 %

KMI opened at $30.32 on Friday. The company has a market cap of $67.36 billion, a P/E ratio of 26.59, a P/E/G ratio of 3.71 and a beta of 0.94. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $30.51. The business’s 50-day moving average price is $27.61 and its 200-day moving average price is $23.99. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. Kinder Morgan’s revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 EPS. On average, equities analysts expect that Kinder Morgan, Inc. will post 1.17 EPS 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.