Independent Financial Group LLC Makes New $838,000 Investment in Kinder Morgan, Inc. $KMI

Independent Financial Group LLC acquired a new position in Kinder Morgan, Inc. (NYSE:KMI) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 25,004 shares of the pipeline company’s stock, valued at approximately $838,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KMI. Commonwealth Retirement Investments LLC bought a new position in shares of Kinder Morgan in the fourth quarter valued at approximately $27,000. Frazier Financial Advisors LLC bought a new stake in Kinder Morgan during the first quarter worth $28,000. Acumen Wealth Advisors LLC purchased a new position in Kinder Morgan in the fourth quarter worth $28,000. Dorato Capital Management purchased a new position in Kinder Morgan in the fourth quarter worth $30,000. Finally, Basepoint Wealth LLC bought a new position in Kinder Morgan in the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analyst Ratings Changes

KMI has been the subject of several research analyst reports. Truist Financial assumed coverage on Kinder Morgan in a research report on Tuesday, March 24th. They set a “hold” rating and a $38.00 target price for the company. Royal Bank Of Canada increased their price target on shares of Kinder Morgan from $32.00 to $35.00 and gave the company a “sector perform” rating in a research report on Monday, March 30th. UBS Group restated a “buy” rating and set a $43.00 price objective on shares of Kinder Morgan in a report on Monday, June 15th. Jefferies Financial Group dropped their target price on shares of Kinder Morgan from $36.00 to $34.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. Finally, Scotiabank increased their target price on shares of Kinder Morgan from $31.00 to $32.00 and gave the company a “sector perform” rating in a research report on Thursday, March 26th. Eight analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $34.71.

Insider Activity

In other news, VP Michael P. Garthwaite sold 1,550 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total value of $48,732.00. Following the sale, the vice president owned 41,743 shares of the company’s stock, valued at $1,312,399.92. The trade was a 3.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $32.41, for a total transaction of $199,840.06. Following the sale, the vice president owned 176,540 shares in the company, valued at $5,721,661.40. The trade was a 3.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 21,598 shares of company stock valued at $693,689 in the last quarter. Corporate insiders own 12.72% of the company’s stock.

Kinder Morgan Stock Down 0.6%

KMI stock opened at $32.38 on Wednesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.41 and a current ratio of 0.52. The company has a market capitalization of $72.03 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 2.71 and a beta of 0.54. Kinder Morgan, Inc. has a fifty-two week low of $25.60 and a fifty-two week high of $34.81. The stock has a fifty day moving average of $32.29 and a 200-day moving average of $31.76.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.10. The business had revenue of $4.83 billion for the quarter, compared to analysts’ expectations of $4.55 billion. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.34 EPS. As a group, equities research analysts predict that Kinder Morgan, Inc. will post 1.49 earnings per share for the current year.

Kinder Morgan Company Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.