Arista Wealth Management LLC Makes New Investment in Kinder Morgan, Inc. $KMI

Key Points

• Arista Wealth Management LLC has made a new investment in Kinder Morgan, acquiring 21,901 shares valued at approximately $644,000 in the second quarter.
• Kinder Morgan reported a net revenue increase of 13.2% year-over-year, reaching $4.04 billion for the last quarter, with earnings per share matching the analyst estimate of $0.28.
• Analysts have issued optimistic ratings for Kinder Morgan, with ten analysts giving it a Buy rating and the consensus price target set at $31.13.

Arista Wealth Management LLC acquired a new position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 21,901 shares of the pipeline company's stock, valued at approximately $644,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. raised its holdings in shares of Kinder Morgan by 14.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company's stock worth $183,793,000 after buying an additional 794,388 shares in the last quarter. Burney Co. grew its position in Kinder Morgan by 133.5% during the 1st quarter. Burney Co. now owns 442,044 shares of the pipeline company's stock worth $12,612,000 after acquiring an additional 252,736 shares during the last quarter. Aberdeen Group plc lifted its holdings in Kinder Morgan by 35.2% during the 1st quarter. Aberdeen Group plc now owns 2,343,165 shares of the pipeline company's stock worth $66,581,000 after buying an additional 609,748 shares in the last quarter. Eagle Global Advisors LLC lifted its holdings in Kinder Morgan by 15.6% during the 1st quarter. Eagle Global Advisors LLC now owns 1,016,490 shares of the pipeline company's stock worth $29,000,000 after buying an additional 137,030 shares in the last quarter. Finally, FORA Capital LLC acquired a new position in Kinder Morgan during the 1st quarter worth $6,814,000. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Trading Down 1.6%

Shares of KMI stock opened at $27.18 on Friday. The firm has a 50 day moving average price of $27.25 and a two-hundred day moving average price of $27.42. 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 company has a market capitalization of $60.40 billion, a PE ratio of 22.28, a price-to-earnings-growth ratio of 3.25 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 (NYSE:KMI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. The firm had revenue of $4.04 billion during 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 business's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period last year, the business posted $0.26 earnings per share. As a group, analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Insider Activity

In other Kinder Morgan news, Director Amy W. Chronis purchased 2,759 shares of the company's stock in a transaction dated Monday, July 28th. The stock was bought at an average cost of $27.21 per share, for a total transaction of $75,072.39. Following the completion of the transaction, the director owned 34,764 shares in the company, valued at approximately $945,928.44. This represents a 8.62% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CFO David Patrick Michels sold 40,000 shares of Kinder Morgan 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 completion of the sale, the chief financial officer owned 159,428 shares of the company's stock, valued at approximately $4,494,275.32. The trade was 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 valued at $3,727,678. Company insiders own 12.73% of the company's stock.

Analysts Set New Price Targets

KMI has been the topic of a number of analyst reports. Cowen started coverage on Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating on the stock. Barclays reiterated an "overweight" rating and set a $32.00 target price (up previously from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Wells Fargo & Company raised their price objective on Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Wolfe Research upgraded Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price objective for the company in a report on Friday, July 25th. Finally, JPMorgan Chase & Co. raised their target price on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Ten equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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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