Cornerstone Wealth Group LLC Makes New Investment in Kinder Morgan, Inc. $KMI

Cornerstone Wealth Group LLC acquired a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 8,547 shares of the pipeline company’s stock, valued at approximately $251,000.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Kinder Morgan by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 204,148,872 shares of the pipeline company’s stock worth $5,824,367,000 after purchasing an additional 1,302,794 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Kinder Morgan by 37.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company’s stock worth $578,628,000 after purchasing an additional 5,529,065 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Kinder Morgan by 2.0% during the 1st quarter. Deutsche Bank AG now owns 15,002,375 shares of the pipeline company’s stock worth $428,018,000 after purchasing an additional 290,653 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Kinder Morgan by 19.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,324,387 shares of the pipeline company’s stock worth $380,145,000 after purchasing an additional 2,144,307 shares in the last quarter. Finally, Amundi raised its stake in shares of Kinder Morgan by 8.0% during the 1st quarter. Amundi now owns 12,762,800 shares of the pipeline company’s stock worth $353,785,000 after purchasing an additional 943,023 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $28.17, for a total value of $173,696.22. Following the completion of the sale, the vice president owned 219,702 shares in the company, valued at approximately $6,189,005.34. This represents a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Dax Sanders sold 30,127 shares of the stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $27.05, for a total value of $814,935.35. Following the completion of the sale, the executive vice president owned 292,000 shares of the company’s stock, valued at $7,898,600. This trade represents a 9.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 134,174 shares of company stock valued at $3,727,678 over the last quarter. 12.73% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on KMI. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a research note on Wednesday, October 8th. Stifel Nicolaus raised their price target on Kinder Morgan from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Thursday, August 14th. Cowen assumed coverage on Kinder Morgan in a research note on Monday, July 7th. They issued a “buy” rating on the stock. BMO Capital Markets started coverage on Kinder Morgan in a research note on Friday, September 19th. They issued an “outperform” rating and a $32.00 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their price target on Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Eleven research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $30.88.

Kinder Morgan Price Performance

Shares of KMI stock opened at $27.33 on Wednesday. The stock’s fifty day simple moving average is $27.22 and its 200 day simple moving average is $27.43. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53. The firm has a market cap of $60.72 billion, a price-to-earnings ratio of 22.40, a P/E/G ratio of 3.22 and a beta of 0.78. Kinder Morgan, Inc. has a one year low of $23.94 and a one year high of $31.48.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, hitting analysts’ consensus estimates of $0.28. The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.75 billion. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The business’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.26 earnings per share. On average, analysts expect that Kinder Morgan, Inc. will post 1.25 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.