Birmingham Capital Management Co. Inc. AL Sells 21,385 Shares of Kinder Morgan, Inc. $KMI

Birmingham Capital Management Co. Inc. AL lowered its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 41.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 30,778 shares of the pipeline company’s stock after selling 21,385 shares during the quarter. Birmingham Capital Management Co. Inc. AL’s holdings in Kinder Morgan were worth $905,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Sierra Ocean LLC grew its stake in shares of Kinder Morgan by 927.1% in the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 788 shares in the last quarter. JNBA Financial Advisors lifted its position in shares of Kinder Morgan by 669.2% during the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock valued at $29,000 after purchasing an additional 870 shares in the last quarter. Cranbrook Wealth Management LLC boosted its holdings in Kinder Morgan by 116.1% during the second quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock worth $31,000 after purchasing an additional 562 shares during the last quarter. Wolff Wiese Magana LLC bought a new stake in Kinder Morgan in the 2nd quarter worth about $34,000. Finally, Clearstead Trust LLC purchased a new stake in Kinder Morgan in the 1st quarter valued at about $40,000. 62.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Kinder Morgan news, Director Amy W. Chronis bought 2,759 shares of the business’s stock in a transaction on Monday, July 28th. The stock was purchased at an average price of $27.21 per share, for a total transaction of $75,072.39. Following the completion of the transaction, the director directly owned 34,764 shares of the company’s stock, valued at $945,928.44. This trade represents a 8.62% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO David Patrick Michels sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the completion of the sale, the chief financial officer directly owned 159,428 shares in the company, valued at approximately $4,494,275.32. This trade represents a 20.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 134,174 shares of company stock worth $3,727,678 in the last quarter. 12.73% of the stock is currently owned by company insiders.

Analyst Ratings Changes

KMI has been the topic of a number of research analyst reports. Wolfe Research upgraded Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a research note on Friday, July 25th. Wells Fargo & Company lifted their price target on Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. TD Cowen began coverage on Kinder Morgan in a research report on Monday, July 7th. They issued a “buy” rating and a $34.00 price objective on the stock. Morgan Stanley set a $30.00 target price on Kinder Morgan in a research report on Thursday, October 9th. Finally, BMO Capital Markets began coverage on Kinder Morgan in a research note on Friday, September 19th. They set an “outperform” rating and a $32.00 target price on the stock. Ten investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and an average target price of $31.13.

Kinder Morgan Stock Performance

NYSE:KMI opened at $27.39 on Monday. The company has a market capitalization of $60.86 billion, a P/E ratio of 22.45, a P/E/G ratio of 3.22 and a beta of 0.78. The business has a fifty day simple moving average of $27.26 and a two-hundred day simple moving average of $27.40. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53. Kinder Morgan, Inc. has a 1 year low of $23.94 and a 1 year high of $31.48.

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.