Securian Asset Management Inc. Sells 1,268 Shares of Kinder Morgan, Inc. $KMI

Securian Asset Management Inc. lessened its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 101,072 shares of the pipeline company’s stock after selling 1,268 shares during the quarter. Securian Asset Management Inc.’s holdings in Kinder Morgan were worth $2,972,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Kinder Morgan by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 204,148,872 shares of the pipeline company’s stock worth $5,824,367,000 after acquiring an additional 1,302,794 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of 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 worth $578,628,000 after acquiring an additional 5,529,065 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Kinder Morgan by 2.0% during the 1st quarter. Deutsche Bank AG now owns 15,002,375 shares of the pipeline company’s stock worth $428,018,000 after purchasing an additional 290,653 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Kinder Morgan by 19.2% during the 1st 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 purchasing an additional 2,144,307 shares during the last quarter. Finally, Amundi lifted its position in shares of Kinder Morgan by 8.0% during the 1st quarter. Amundi now owns 12,762,800 shares of the pipeline company’s stock worth $353,785,000 after purchasing an additional 943,023 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling

In other news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction that occurred 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 sale, the vice president directly owned 219,702 shares in the company, valued at approximately $6,189,005.34. This represents a 2.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Sital K. Mody sold 45,549 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $27.96, for a total value of $1,273,550.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 134,174 shares of company stock worth $3,727,678. Insiders own 12.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KMI. Wells Fargo & Company boosted their price objective on Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Scotiabank cut their price objective on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a research report on Friday, September 19th. BMO Capital Markets began coverage on Kinder Morgan in a research report on Friday, September 19th. They set an “outperform” rating and a $32.00 price objective for the company. Wolfe Research raised 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. Finally, JPMorgan Chase & Co. upped their price target on Kinder Morgan from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Ten equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $31.13.

Kinder Morgan Trading Down 0.1%

Kinder Morgan stock opened at $27.49 on Wednesday. The business has a 50 day moving average price of $27.29 and a two-hundred day moving average price of $27.41. 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 stock has a market cap of $61.09 billion, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 3.24 and a beta of 0.78. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $31.48.

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.