Albert D Mason Inc. Decreases Stock Position in Kinder Morgan, Inc. $KMI

Key Points

• Albert D Mason Inc. decreased its stake in Kinder Morgan, Inc. by 27.0%, resulting in ownership of 53,494 shares worth approximately $1,573,000.
• Despite this decrease, Kinder Morgan saw a 13.2% increase in revenue year-over-year, reporting $4.04 billion for the quarter and matching EPS estimates of $0.28.
• Insiders are active, with Director Amy W. Chronis acquiring 2,759 shares and CFO David Patrick Michels selling 40,000 shares, reflecting varying confidence levels among management.

Albert D Mason Inc. lowered its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 27.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,494 shares of the pipeline company's stock after selling 19,787 shares during the quarter. Kinder Morgan comprises approximately 1.1% of Albert D Mason Inc.'s holdings, making the stock its 26th largest holding. Albert D Mason Inc.'s holdings in Kinder Morgan were worth $1,573,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC purchased a new stake in shares of Kinder Morgan during the 4th quarter valued at about $308,000. GAMMA Investing LLC raised its position in shares of Kinder Morgan by 9.3% during the 1st quarter. GAMMA Investing LLC now owns 35,186 shares of the pipeline company's stock valued at $1,004,000 after buying an additional 3,003 shares in the last quarter. Mission Wealth Management LP purchased a new stake in shares of Kinder Morgan during the 1st quarter valued at about $239,000. State of Alaska Department of Revenue raised its position in shares of Kinder Morgan by 2.8% during the 1st quarter. State of Alaska Department of Revenue now owns 226,547 shares of the pipeline company's stock valued at $6,463,000 after buying an additional 6,190 shares in the last quarter. Finally, Johnson Investment Counsel Inc. raised its position in shares of Kinder Morgan by 12.2% during the 1st quarter. Johnson Investment Counsel Inc. now owns 16,369 shares of the pipeline company's stock valued at $467,000 after buying an additional 1,778 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Kinder Morgan Price Performance

Shares of KMI stock opened at $27.39 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53. The company has a market capitalization of $60.86 billion, a P/E ratio of 22.45, a P/E/G ratio of 3.20 and a beta of 0.78. The company's 50-day simple moving average is $27.26 and its two-hundred day simple moving average is $27.41. Kinder Morgan, Inc. has a one year low of $23.94 and a one year high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, hitting analysts' consensus estimates of $0.28. The business had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The company's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 EPS. As a group, equities analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Insiders Place Their Bets

In other Kinder Morgan news, Director Amy W. Chronis acquired 2,759 shares of the company's stock in a transaction dated Monday, July 28th. The shares were purchased at an average cost of $27.21 per share, for a total transaction of $75,072.39. Following the completion of the purchase, the director owned 34,764 shares in the company, valued at approximately $945,928.44. This trade represents a 8.62% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO David Patrick Michels sold 40,000 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the transaction, the chief financial officer 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 disclosure for this sale can be found here. Over the last three months, insiders sold 134,174 shares of company stock worth $3,727,678. 12.73% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on KMI shares. Wolfe Research upgraded shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 target price on the stock in a research report on Friday, July 25th. Scotiabank decreased their target price on shares of Kinder Morgan from $28.00 to $27.00 and set a "sector perform" rating on the stock in a research report on Friday, September 19th. TD Cowen assumed coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They issued a "buy" rating and a $34.00 price objective on the stock. Stifel Nicolaus increased their price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a "hold" rating in a research report on Thursday, August 14th. Finally, BMO Capital Markets assumed coverage on shares of Kinder Morgan in a research report on Friday, September 19th. They issued an "outperform" rating and a $32.00 price objective on the stock. Ten equities research 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.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.

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