FLC Capital Advisors Acquires 1,291 Shares of Kinder Morgan, Inc. (NYSE:KMI)

FLC Capital Advisors lifted its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 6.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,999 shares of the pipeline company’s stock after acquiring an additional 1,291 shares during the period. FLC Capital Advisors’ holdings in Kinder Morgan were worth $464,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in KMI. Pathway Financial Advisers LLC bought a new position in shares of Kinder Morgan in the 1st quarter worth about $30,000. HWG Holdings LP acquired a new stake in shares of Kinder Morgan in the 2nd quarter valued at about $30,000. OFI Invest Asset Management acquired a new stake in shares of Kinder Morgan in the 1st quarter valued at about $31,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Kinder Morgan in the 1st quarter valued at about $31,000. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Kinder Morgan in the 2nd quarter valued at about $31,000. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $24.93 on Thursday. Kinder Morgan, Inc. has a twelve month low of $15.91 and a twelve month high of $25.06. The stock’s 50 day moving average price is $21.96 and its 200-day moving average price is $20.39. The company has a market capitalization of $55.33 billion, a PE ratio of 22.66, a PEG ratio of 3.27 and a beta of 0.93. The company has a quick ratio of 0.28, a current ratio of 0.37 and a debt-to-equity ratio of 0.90.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the previous year, the firm earned $0.25 EPS. Kinder Morgan’s quarterly revenue was down 5.3% on a year-over-year basis. On average, equities analysts anticipate that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 100,000 shares of Kinder Morgan stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $21.01, for a total value of $2,101,000.00. Following the sale, the president now owns 916,773 shares of the company’s stock, valued at approximately $19,261,400.73. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, President Thomas A. Martin sold 100,000 shares of Kinder Morgan stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $21.01, for a total value of $2,101,000.00. Following the sale, the president now owns 916,773 shares of the company’s stock, valued at approximately $19,261,400.73. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Dax Sanders sold 1,729 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total transaction of $36,309.00. Following the completion of the sale, the vice president now directly owns 307,409 shares in the company, valued at $6,455,589. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 148,311 shares of company stock valued at $3,121,891. 12.64% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on KMI. Argus upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Friday, July 19th. Morgan Stanley upgraded Kinder Morgan from an “underweight” rating to an “equal weight” rating and set a $24.00 target price for the company in a research note on Monday, September 16th. Bank of America upgraded Kinder Morgan from a “neutral” rating to a “buy” rating and raised their target price for the company from $23.00 to $27.00 in a research note on Friday, October 11th. Royal Bank of Canada lifted their price target on Kinder Morgan from $22.00 to $24.00 and gave the company a “sector perform” rating in a research note on Wednesday. Finally, Barclays lifted their price target on Kinder Morgan from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, September 13th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Kinder Morgan has an average rating of “Moderate Buy” and a consensus target price of $23.36.

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.