Schnieders Capital Management LLC Buys 7,081 Shares of Kinder Morgan, Inc. $KMI

Schnieders Capital Management LLC grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 11.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 69,444 shares of the pipeline company’s stock after purchasing an additional 7,081 shares during the quarter. Schnieders Capital Management LLC’s holdings in Kinder Morgan were worth $2,042,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Lyell Wealth Management LP increased its holdings in Kinder Morgan by 36.1% during the second quarter. Lyell Wealth Management LP now owns 12,519 shares of the pipeline company’s stock worth $368,000 after buying an additional 3,319 shares during the last quarter. Salomon & Ludwin LLC lifted its stake in Kinder Morgan by 51.8% in the second quarter. Salomon & Ludwin LLC now owns 4,394 shares of the pipeline company’s stock valued at $125,000 after acquiring an additional 1,500 shares during the last quarter. Sigma Investment Counselors Inc. grew its position in shares of Kinder Morgan by 8.1% in the 2nd quarter. Sigma Investment Counselors Inc. now owns 99,077 shares of the pipeline company’s stock valued at $2,913,000 after acquiring an additional 7,394 shares during the period. TrueMark Investments LLC increased its stake in shares of Kinder Morgan by 8.9% during the 2nd quarter. TrueMark Investments LLC now owns 150,832 shares of the pipeline company’s stock worth $4,434,000 after purchasing an additional 12,265 shares during the last quarter. Finally, Quotient Wealth Partners LLC raised its holdings in shares of Kinder Morgan by 19.8% in the 2nd quarter. Quotient Wealth Partners LLC now owns 12,408 shares of the pipeline company’s stock valued at $365,000 after purchasing an additional 2,053 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Wolfe Research raised Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a research report on Friday, July 25th. Stifel Nicolaus lifted their target price on Kinder Morgan from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Thursday, August 14th. JPMorgan Chase & Co. increased their price target on Kinder Morgan from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. TD Cowen began coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They set a “buy” rating and a $34.00 price objective for the company. Finally, BMO Capital Markets began coverage on shares of Kinder Morgan in a research report on Friday, September 19th. They issued an “outperform” rating and a $32.00 price objective on the stock. Ten equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.13.

Kinder Morgan Stock Performance

Shares of NYSE KMI opened at $27.39 on Monday. 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 $60.86 billion, a price-to-earnings ratio of 22.45, a P/E/G ratio of 3.22 and a beta of 0.78. The stock’s fifty day moving average price is $27.26 and its two-hundred day moving average price is $27.40. Kinder Morgan, Inc. has a one year low of $23.94 and a one year high of $31.48.

Insiders Place Their Bets

In other Kinder Morgan news, CFO David Patrick Michels sold 40,000 shares of Kinder Morgan stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $28.19, for a total value of $1,127,600.00. Following the completion of the sale, the chief financial officer owned 159,428 shares in the company, valued at $4,494,275.32. The trade was a 20.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $28.17, for a total transaction of $173,696.22. Following the completion of the sale, the vice president directly owned 219,702 shares of the company’s stock, valued at $6,189,005.34. This represents a 2.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 134,174 shares of company stock valued at $3,727,678 in the last three months. Insiders own 12.73% of the company’s stock.

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.