Capital Management Corp VA Has $7.09 Million Stock Holdings in Kinder Morgan, Inc. $KMI

Key Points

• Capital Management Corp VA has reduced its stake in Kinder Morgan, Inc. by 9.6%, now holding approximately $7.09 million in stock.
• Kidner Morgan reported earnings of $0.28 per share, matching analyst expectations, with revenue rising 13.2% year-over-year to $4.04 billion.
• Analysts have a consensus price target of $30.88 on Kinder Morgan, with majority ratings of Buy and Hold from research firms.

Capital Management Corp VA lowered its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 9.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 240,996 shares of the pipeline company's stock after selling 25,528 shares during the period. Capital Management Corp VA's holdings in Kinder Morgan were worth $7,085,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Brighton Jones LLC acquired a new position in Kinder Morgan during the 4th quarter worth approximately $308,000. GAMMA Investing LLC increased its holdings in shares of Kinder Morgan by 9.3% during the first quarter. GAMMA Investing LLC now owns 35,186 shares of the pipeline company's stock valued at $1,004,000 after acquiring an additional 3,003 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of Kinder Morgan during the first quarter valued at approximately $35,000. Mission Wealth Management LP acquired a new position in shares of Kinder Morgan during the first quarter worth approximately $239,000. Finally, Sowell Financial Services LLC lifted its holdings in shares of Kinder Morgan by 0.5% in the 1st quarter. Sowell Financial Services LLC now owns 79,825 shares of the pipeline company's stock worth $2,277,000 after purchasing an additional 400 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $27.33 on Wednesday. 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 $60.72 billion, a PE ratio of 22.40, a PEG ratio of 3.22 and a beta of 0.78. The stock's 50 day moving average price is $27.22 and its 200-day moving average price is $27.43. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $31.48.

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

Analysts Set New Price Targets

Several research firms have weighed in on KMI. JPMorgan Chase & Co. upped their price objective on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Cowen initiated coverage on shares of Kinder Morgan in a report on Monday, July 7th. They issued a "buy" rating on the stock. Jefferies Financial Group began coverage on Kinder Morgan in a research note on Thursday, October 9th. They set a "hold" rating and a $30.00 price target for the company. Wells Fargo & Company increased their price objective on Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Finally, Scotiabank dropped their target price on Kinder Morgan from $28.00 to $27.00 and set a "sector perform" rating on the stock in a report on Friday, September 19th. Eleven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $30.88.

Insider Activity at Kinder Morgan

In related news, EVP Dax Sanders sold 30,127 shares of the firm's stock in a transaction dated Monday, August 11th. The shares were 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 approximately $7,898,600. This trade represents a 9.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $28.17, for a total transaction of $173,696.22. Following the completion of 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 disclosure for this sale can be found here. Insiders have sold 134,174 shares of company stock valued at $3,727,678 in the last 90 days. 12.73% of the stock is currently owned by company insiders.

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.

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