Kinder Morgan, Inc. $KMI Shares Sold by apricus wealth LLC

apricus wealth LLC trimmed its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 4.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 98,334 shares of the pipeline company’s stock after selling 4,455 shares during the period. Kinder Morgan accounts for about 1.7% of apricus wealth LLC’s investment portfolio, making the stock its 25th largest position. apricus wealth LLC’s holdings in Kinder Morgan were worth $2,891,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KMI. Vanguard Group Inc. grew its position in shares of Kinder Morgan by 0.6% in the first quarter. Vanguard Group Inc. now owns 204,148,872 shares of the pipeline company’s stock valued at $5,824,367,000 after purchasing an additional 1,302,794 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Kinder Morgan by 37.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company’s stock valued at $578,628,000 after buying an additional 5,529,065 shares during the last quarter. Deutsche Bank AG increased its position in Kinder Morgan by 2.0% during the first quarter. Deutsche Bank AG now owns 15,002,375 shares of the pipeline company’s stock worth $428,018,000 after buying an additional 290,653 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Kinder Morgan by 19.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,324,387 shares of the pipeline company’s stock worth $380,145,000 after acquiring an additional 2,144,307 shares during the last quarter. Finally, Amundi lifted its holdings in Kinder Morgan by 8.0% in the 1st quarter. Amundi now owns 12,762,800 shares of the pipeline company’s stock valued at $353,785,000 after purchasing an additional 943,023 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $27.55 on Tuesday. 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, Inc. has a fifty-two week low of $23.94 and a fifty-two week high of $31.48. The firm has a 50-day simple moving average of $27.27 and a 200 day simple moving average of $27.41. The company has a market cap of $61.21 billion, a PE ratio of 22.58, a P/E/G ratio of 3.22 and a beta of 0.78.

Insider Activity at Kinder Morgan

In related news, EVP Dax Sanders sold 30,127 shares of the company’s stock in a transaction 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 transaction, the executive vice president directly owned 292,000 shares in the company, valued at $7,898,600. This represents a 9.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of the stock in a transaction on Monday, October 6th. The stock was sold at an average price of $28.17, for a total value of $173,696.22. Following the completion of the sale, the vice president directly owned 219,702 shares in the company, valued at $6,189,005.34. This represents a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 134,174 shares of company stock valued at $3,727,678. 12.73% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KMI. BMO Capital Markets started coverage on Kinder Morgan in a research report on Friday, September 19th. They issued an “outperform” rating and a $32.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Wolfe Research raised shares of Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a research report on Friday, July 25th. TD Cowen began coverage on Kinder Morgan in a research report on Monday, July 7th. They set a “buy” rating and a $34.00 target price on the stock. Finally, Jefferies Financial Group started coverage on shares of Kinder Morgan in a report on Thursday, October 9th. They issued a “hold” rating and a $30.00 price target on the stock. Ten research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and an average target price of $31.13.

Kinder Morgan 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.