Sigma Investment Counselors Inc. Boosts Holdings in Kinder Morgan, Inc. $KMI

Sigma Investment Counselors Inc. lifted its position in Kinder Morgan, Inc. (NYSE:KMI) by 8.1% in the 2nd quarter, Holdings Channel.com reports. The fund owned 99,077 shares of the pipeline company’s stock after acquiring an additional 7,394 shares during the period. Sigma Investment Counselors Inc.’s holdings in Kinder Morgan were worth $2,913,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Sierra Ocean LLC lifted its stake in Kinder Morgan by 927.1% in the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 788 shares during the last quarter. JNBA Financial Advisors boosted its holdings in Kinder Morgan by 669.2% during the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock valued at $29,000 after acquiring an additional 870 shares during the period. Cranbrook Wealth Management LLC grew its position in Kinder Morgan by 116.1% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock valued at $31,000 after acquiring an additional 562 shares during the last quarter. Wolff Wiese Magana LLC bought a new position in Kinder Morgan in the 2nd quarter valued at $34,000. Finally, Clearstead Trust LLC purchased a new stake in Kinder Morgan in the first quarter worth $40,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Stock Up 0.7%

Kinder Morgan stock opened at $27.39 on Friday. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $31.48. The business has a fifty day moving average of $27.26 and a two-hundred day moving average of $27.40. The firm has a market cap of $60.86 billion, a P/E ratio of 22.45, a P/E/G ratio of 3.22 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.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same period in the prior year, the business posted $0.26 EPS. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. On average, analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on KMI shares. Cowen initiated coverage on shares of Kinder Morgan in a report on Monday, July 7th. They issued a “buy” rating on the stock. Morgan Stanley set a $30.00 target price on shares of Kinder Morgan in a research note on Thursday, October 9th. Jefferies Financial Group started coverage on shares of Kinder Morgan in a research note on Thursday, October 9th. They set a “hold” rating and a $30.00 price target for the company. TD Cowen initiated coverage on Kinder Morgan in a report on Monday, July 7th. They set a “buy” rating and a $34.00 price objective 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.13.

Insider Buying and Selling at Kinder Morgan

In other news, CFO David Patrick Michels sold 40,000 shares of the firm’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $28.19, for a total value 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. This trade represents a 20.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Amy W. Chronis acquired 2,759 shares of the business’s stock in a transaction dated Monday, July 28th. The stock was purchased at an average cost of $27.21 per share, for a total transaction of $75,072.39. Following the transaction, the director owned 34,764 shares in the company, valued at approximately $945,928.44. The trade was a 8.62% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders sold 134,174 shares of company stock valued at $3,727,678. 12.73% of the stock is currently owned by corporate 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.