Moran Wealth Management LLC Purchases 3,849 Shares of Kinder Morgan, Inc. $KMI

Moran Wealth Management LLC lifted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 2.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 160,662 shares of the pipeline company’s stock after acquiring an additional 3,849 shares during the quarter. Moran Wealth Management LLC’s holdings in Kinder Morgan were worth $4,723,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of KMI. Brighton Jones LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at about $308,000. GAMMA Investing LLC increased its position in shares of Kinder Morgan by 9.3% in the first quarter. GAMMA Investing LLC now owns 35,186 shares of the pipeline company’s stock valued at $1,004,000 after acquiring an additional 3,003 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Kinder Morgan in the first quarter valued at about $35,000. Mission Wealth Management LP acquired a new stake in shares of Kinder Morgan in the first quarter valued at about $239,000. Finally, Sowell Financial Services LLC increased its position in shares of Kinder Morgan by 0.5% in the first quarter. Sowell Financial Services LLC now owns 79,825 shares of the pipeline company’s stock valued at $2,277,000 after acquiring an additional 400 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Trading Down 0.1%

Shares of NYSE:KMI opened at $27.33 on Wednesday. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-month high of $31.48. The stock has a market cap of $60.72 billion, a PE ratio of 22.40, a P/E/G ratio of 3.22 and a beta of 0.78. The business has a 50 day moving average of $27.22 and a 200-day moving average of $27.43. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99.

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

Analysts Set New Price Targets

A number of research firms recently issued reports on KMI. Scotiabank lowered their target price on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Friday, September 19th. Cowen assumed coverage on Kinder Morgan in a research report on Monday, July 7th. They set a “buy” rating on the stock. BMO Capital Markets assumed coverage on Kinder Morgan in a research report on Friday, September 19th. They set an “outperform” rating and a $32.00 price target on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a research report on Wednesday, October 8th. Finally, Morgan Stanley set a $30.00 price target on Kinder Morgan in a research report on Thursday, October 9th. Eleven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $30.88.

Insider Activity at Kinder Morgan

In other news, VP Sital K. Mody sold 45,549 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $27.96, for a total transaction of $1,273,550.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The shares were 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 of the company’s stock, valued at approximately $6,189,005.34. This trade represents a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 134,174 shares of company stock valued at $3,727,678. Insiders own 12.73% of the company’s stock.

Kinder Morgan 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.