Kinder Morgan, Inc. $KMI Holdings Boosted by Disciplined Equity Management Inc.

Disciplined Equity Management Inc. grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 17.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,140 shares of the pipeline company’s stock after purchasing an additional 7,250 shares during the quarter. Kinder Morgan makes up 0.8% of Disciplined Equity Management Inc.’s portfolio, making the stock its 15th largest holding. Disciplined Equity Management Inc.’s holdings in Kinder Morgan were worth $1,445,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Nuveen LLC acquired a new stake in Kinder Morgan in the first quarter worth $205,966,000. 59 North Capital Management LP acquired a new position in shares of Kinder Morgan during the first quarter valued at $195,658,000. Goldman Sachs Group Inc. grew its position in shares of Kinder Morgan by 37.5% during the first quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company’s stock worth $578,628,000 after acquiring an additional 5,529,065 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Kinder Morgan by 55.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 8,505,330 shares of the pipeline company’s stock worth $250,057,000 after acquiring an additional 3,037,095 shares during the period. Finally, Kingstone Capital Partners Texas LLC acquired a new stake in shares of Kinder Morgan in the 2nd quarter worth about $68,124,000. Institutional investors own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on KMI. Morgan Stanley set a $30.00 target price on shares of Kinder Morgan in a research note on Thursday, October 9th. Barclays reiterated an “overweight” rating and set a $32.00 price objective (up from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a report on Wednesday, October 8th. Scotiabank cut their target price on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research note on Friday, September 19th. Finally, Stifel Nicolaus boosted their price target on Kinder Morgan from $28.00 to $29.00 and gave the stock a “hold” rating in a research report on Thursday, August 14th. Eleven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $30.88.

Insiders Place Their Bets

In other Kinder Morgan news, Director Amy W. Chronis acquired 2,759 shares of the stock in a transaction dated Monday, July 28th. The shares were bought at an average price of $27.21 per share, with a total value of $75,072.39. Following the purchase, the director directly owned 34,764 shares of the company’s stock, valued at approximately $945,928.44. This trade represents a 8.62% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Dax Sanders sold 30,127 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $27.05, for a total transaction of $814,935.35. Following the completion of the sale, the executive vice president owned 292,000 shares in the company, valued at $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. Over the last 90 days, insiders have sold 134,174 shares of company stock valued at $3,727,678. 12.73% of the stock is currently owned by insiders.

Kinder Morgan Price Performance

NYSE KMI opened at $27.33 on Wednesday. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $31.48. The firm has a market capitalization of $60.72 billion, a PE ratio of 22.40, a P/E/G ratio of 3.22 and a beta of 0.78. The company’s 50 day simple moving average is $27.22 and its 200 day simple moving average is $27.43. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, meeting 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 analyst estimates of $3.75 billion. During the same period last year, the company posted $0.26 EPS. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. As a group, equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

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.