Gables Capital Management Inc. Has $1.32 Million Stock Position in Kinder Morgan, Inc. $KMI

Gables Capital Management Inc. decreased its position in Kinder Morgan, Inc. (NYSE:KMI) by 15.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 45,050 shares of the pipeline company’s stock after selling 8,195 shares during the period. Gables Capital Management Inc.’s holdings in Kinder Morgan were worth $1,324,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KMI. Brighton Jones LLC acquired a new position in Kinder Morgan in the 4th quarter worth $308,000. GAMMA Investing LLC boosted its stake in Kinder Morgan by 9.3% in the 1st quarter. GAMMA Investing LLC now owns 35,186 shares of the pipeline company’s stock worth $1,004,000 after purchasing an additional 3,003 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in Kinder Morgan by 16.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 582,712 shares of the pipeline company’s stock worth $16,625,000 after buying an additional 80,224 shares in the last quarter. Continuum Advisory LLC lifted its position in Kinder Morgan by 12.1% during the 1st quarter. Continuum Advisory LLC now owns 10,597 shares of the pipeline company’s stock worth $302,000 after buying an additional 1,143 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in Kinder Morgan by 21.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 109,874 shares of the pipeline company’s stock worth $3,135,000 after buying an additional 19,775 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Jefferies Financial Group assumed coverage on shares of Kinder Morgan in a research report on Thursday, October 9th. They set a “hold” rating and a $30.00 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. Wells Fargo & Company boosted their price target on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. boosted their price target on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Finally, TD Cowen assumed coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They set a “buy” rating and a $34.00 price target on the stock. Ten investment 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, the company has an average rating of “Moderate Buy” and an average target price of $31.13.

Kinder Morgan Stock Down 0.1%

Kinder Morgan stock opened at $27.49 on Wednesday. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $31.48. The company’s 50-day moving average price is $27.29 and its two-hundred day moving average price is $27.41. The stock has a market cap of $61.09 billion, a P/E ratio of 22.54, a P/E/G ratio of 3.24 and a beta of 0.78. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99.

Insider Activity at Kinder Morgan

In other news, Director Amy W. Chronis purchased 2,759 shares of Kinder Morgan stock in a transaction that occurred on Monday, July 28th. The shares were acquired at an average price of $27.21 per share, for a total transaction of $75,072.39. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Sital K. Mody sold 45,549 shares of the 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 disclosure for this sale can be found here. In the last three months, insiders sold 134,174 shares of company stock valued at $3,727,678. 12.73% of the stock is currently owned by company insiders.

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.