Aurora Investment Counsel Sells 1,814 Shares of Kinder Morgan, Inc. $KMI

Aurora Investment Counsel lessened its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 2.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 72,793 shares of the pipeline company’s stock after selling 1,814 shares during the quarter. Aurora Investment Counsel’s holdings in Kinder Morgan were worth $2,140,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Westwood Holdings Group Inc. boosted its position in shares of Kinder Morgan by 14.1% in the first quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company’s stock valued at $183,793,000 after acquiring an additional 794,388 shares during the period. Burney Co. raised its stake in Kinder Morgan by 133.5% in the first quarter. Burney Co. now owns 442,044 shares of the pipeline company’s stock valued at $12,612,000 after purchasing an additional 252,736 shares in the last quarter. Aberdeen Group plc raised its stake in Kinder Morgan by 35.2% in the first quarter. Aberdeen Group plc now owns 2,343,165 shares of the pipeline company’s stock valued at $66,581,000 after purchasing an additional 609,748 shares in the last quarter. Eagle Global Advisors LLC raised its stake in Kinder Morgan by 15.6% in the first quarter. Eagle Global Advisors LLC now owns 1,016,490 shares of the pipeline company’s stock valued at $29,000,000 after purchasing an additional 137,030 shares in the last quarter. Finally, FORA Capital LLC acquired a new position in Kinder Morgan in the first quarter valued at about $6,814,000. Institutional investors own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

KMI has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a research note on Wednesday, October 8th. Scotiabank dropped their price target on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a research note on Friday, September 19th. Stifel Nicolaus boosted their price target on Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Thursday, August 14th. BMO Capital Markets initiated coverage on Kinder Morgan in a research note on Friday, September 19th. They issued an “outperform” rating and a $32.00 price target for the company. Finally, Barclays reaffirmed an “overweight” rating and issued a $32.00 price target (up previously from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Ten equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kinder Morgan has a consensus rating of “Moderate Buy” and an average target price of $31.13.

Kinder Morgan Stock Up 0.6%

Shares of NYSE KMI opened at $27.55 on Tuesday. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. The company has a market cap of $61.21 billion, a price-to-earnings ratio of 22.58, a PEG ratio of 3.22 and a beta of 0.78. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $31.48. The stock has a 50-day moving average price of $27.27 and a two-hundred day moving average price of $27.41.

Insider Activity

In other news, CFO David Patrick Michels sold 40,000 shares of the business’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the sale, the chief financial officer directly owned 159,428 shares in the company, valued at approximately $4,494,275.32. The trade was a 20.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Amy W. Chronis purchased 2,759 shares of Kinder Morgan stock in a transaction dated Monday, July 28th. The shares were purchased at an average price of $27.21 per share, for a total transaction of $75,072.39. Following the completion of the acquisition, the director owned 34,764 shares of the company’s stock, valued at approximately $945,928.44. The trade was a 8.62% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 134,174 shares of company stock valued at $3,727,678. Corporate 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.