Steel Grove Capital Advisors LLC Acquires 643 Shares of Kinder Morgan, Inc. $KMI

Steel Grove Capital Advisors LLC grew its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 0.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 95,556 shares of the pipeline company’s stock after acquiring an additional 643 shares during the quarter. Steel Grove Capital Advisors LLC’s holdings in Kinder Morgan were worth $2,809,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of KMI. Sierra Ocean LLC raised 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 valued at $25,000 after purchasing an additional 788 shares in the last quarter. JNBA Financial Advisors raised its stake in Kinder Morgan by 669.2% in the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock valued at $29,000 after purchasing an additional 870 shares in the last quarter. Cranbrook Wealth Management LLC raised its stake in Kinder Morgan by 116.1% in the second quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 562 shares in the last quarter. Wolff Wiese Magana LLC acquired a new position in Kinder Morgan in the second quarter valued at about $34,000. Finally, Clearstead Trust LLC acquired a new position in Kinder Morgan in the first quarter valued at about $40,000. Institutional investors own 62.52% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on KMI. JPMorgan Chase & Co. boosted their target price on Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. BMO Capital Markets started coverage on Kinder Morgan in a research note on Friday, September 19th. They issued an “outperform” rating and a $32.00 price objective for the company. Scotiabank reduced their target price on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a report on Friday, September 19th. Wells Fargo & Company increased their target price on shares of Kinder Morgan from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. 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 target price for the company. Ten research 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $31.13.

Insider Activity

In related news, VP Sital K. Mody sold 45,549 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $27.96, for a total value of $1,273,550.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Amy W. Chronis purchased 2,759 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was bought at an average cost of $27.21 per share, with a total value of $75,072.39. Following the completion of the transaction, the director directly owned 34,764 shares in the company, valued at $945,928.44. The trade was a 8.62% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders sold 134,174 shares of company stock worth $3,727,678. Company insiders own 12.73% of the company’s stock.

Kinder Morgan Price Performance

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

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.