Chicago Partners Investment Group LLC Lowers Stake in Kinder Morgan, Inc. $KMI

Chicago Partners Investment Group LLC decreased its position in Kinder Morgan, Inc. (NYSE:KMI) by 5.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 642,674 shares of the pipeline company’s stock after selling 36,859 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Kinder Morgan were worth $17,230,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of KMI. Sierra Ocean LLC increased its stake in Kinder Morgan by 927.1% during the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock worth $25,000 after buying an additional 788 shares during the period. 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 buying an additional 870 shares in the last quarter. Cranbrook Wealth Management LLC lifted its stake in Kinder Morgan by 116.1% during the second quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock worth $31,000 after purchasing an additional 562 shares during the last quarter. Wolff Wiese Magana LLC acquired a new position in shares of Kinder Morgan in the 2nd quarter valued at $34,000. Finally, Clearstead Trust LLC acquired a new position in Kinder Morgan in the first quarter valued at $40,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Barclays restated an “overweight” rating and set a $32.00 target price (up from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Wolfe Research raised Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 target price for the company in a research note on Friday, July 25th. Jefferies Financial Group began coverage on shares of Kinder Morgan in a research note on Thursday, October 9th. They issued a “hold” rating and a $30.00 price objective for the company. JPMorgan Chase & Co. upped their target price on Kinder Morgan from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Finally, Stifel Nicolaus increased their price target on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Thursday, August 14th. Ten equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $31.13.

Insider Buying and Selling

In other news, CFO David Patrick Michels sold 40,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief financial officer directly owned 159,428 shares in the company, valued at approximately $4,494,275.32. This represents a 20.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dax Sanders sold 30,127 shares of the company’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $27.05, for a total transaction of $814,935.35. Following the completion of the transaction, the executive vice president directly owned 292,000 shares of the company’s stock, valued at approximately $7,898,600. The trade was a 9.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 134,174 shares of company stock valued at $3,727,678 over the last ninety days. Insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Up 0.7%

Shares of KMI opened at $27.39 on Friday. The company’s fifty day moving average is $27.26 and its two-hundred day moving average is $27.40. Kinder Morgan, Inc. has a fifty-two week low of $23.94 and a fifty-two week high of $31.48. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. The firm has a market cap of $60.86 billion, a PE ratio of 22.45, a price-to-earnings-growth ratio of 3.22 and a beta of 0.78.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 EPS 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 company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same period last year, the business posted $0.26 EPS. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. Analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

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.