8,102 Shares in Kinder Morgan, Inc. $KMI Bought by Klingman & Associates LLC

Klingman & Associates LLC bought a new position in Kinder Morgan, Inc. (NYSE:KMI) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 8,102 shares of the pipeline company’s stock, valued at approximately $238,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Kinder Morgan by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 204,148,872 shares of the pipeline company’s stock worth $5,824,367,000 after acquiring an additional 1,302,794 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Kinder Morgan by 37.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company’s stock worth $578,628,000 after acquiring an additional 5,529,065 shares during the last quarter. Deutsche Bank AG raised its stake in Kinder Morgan by 2.0% in the 1st quarter. Deutsche Bank AG now owns 15,002,375 shares of the pipeline company’s stock worth $428,018,000 after acquiring an additional 290,653 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in 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 during the period. Finally, Amundi grew its position in 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 during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Price Performance

NYSE:KMI opened at $27.49 on Wednesday. Kinder Morgan, Inc. has a 52 week low of $23.94 and a 52 week high of $31.48. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $61.09 billion, a PE ratio of 22.54, a price-to-earnings-growth ratio of 3.24 and a beta of 0.78. The stock’s 50-day moving average price is $27.29 and its 200-day moving average price is $27.41.

Insider Activity

In related news, EVP Dax Sanders sold 30,127 shares of Kinder Morgan 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 sale, the executive vice president directly owned 292,000 shares in the company, valued at approximately $7,898,600. The trade was a 9.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of Kinder Morgan 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. The trade was a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 134,174 shares of company stock worth $3,727,678. 12.73% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on KMI shares. Wells Fargo & Company increased their price target on Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Morgan Stanley set a $30.00 price target on Kinder Morgan in a research report on Thursday, October 9th. 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. TD Cowen started coverage on Kinder Morgan in a research report on Monday, July 7th. They set a “buy” rating and a $34.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a research report on Wednesday, October 8th. Ten investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average target price of $31.13.

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.