Dupree Financial Group LLC Buys New Shares in Kinder Morgan, Inc. $KMI

Key Points

• Dupree Financial Group LLC acquired 386,941 shares of Kinder Morgan, Inc., valued at approximately $11.4 million, making it the firm's 4th largest holding.
• Kinder Morgan's stock received upgrades from various analysts, with Wolfe Research raising its rating to "outperform" and setting a target price of $31.00.
• Insiders sold a total of 134,174 shares of Kinder Morgan stock recently, indicating potential shifts in sentiment among company executives.

Dupree Financial Group LLC acquired a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 386,941 shares of the pipeline company's stock, valued at approximately $11,376,000. Kinder Morgan comprises approximately 4.5% of Dupree Financial Group LLC's portfolio, making the stock its 4th biggest holding.

Several other large investors have also modified their holdings of the stock. Alhambra Investment Management LLC grew its holdings in shares of Kinder Morgan by 2.3% during the 2nd quarter. Alhambra Investment Management LLC now owns 15,934 shares of the pipeline company's stock worth $468,000 after purchasing an additional 363 shares during the period. Relyea Zuckerberg Hanson LLC increased its position in shares of Kinder Morgan by 4.2% in the second quarter. Relyea Zuckerberg Hanson LLC now owns 9,377 shares of the pipeline company's stock worth $276,000 after acquiring an additional 374 shares in the last quarter. QTR Family Wealth LLC raised its stake in shares of Kinder Morgan by 2.7% in the 2nd quarter. QTR Family Wealth LLC now owns 14,380 shares of the pipeline company's stock valued at $423,000 after acquiring an additional 377 shares during the period. Frank Rimerman Advisors LLC lifted its holdings in shares of Kinder Morgan by 0.8% during the 1st quarter. Frank Rimerman Advisors LLC now owns 48,943 shares of the pipeline company's stock valued at $1,396,000 after acquiring an additional 378 shares in the last quarter. Finally, Signaturefd LLC boosted its position in Kinder Morgan by 1.8% during the 1st quarter. Signaturefd LLC now owns 21,068 shares of the pipeline company's stock worth $601,000 after purchasing an additional 381 shares during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KMI has been the topic of several recent research reports. Wolfe Research raised Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price target on the stock in a report on Friday, July 25th. Morgan Stanley set a $30.00 target price on Kinder Morgan in a research report on Thursday, October 9th. Cowen began coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They set a "buy" rating for the company. BMO Capital Markets initiated coverage on Kinder Morgan in a research report on Friday, September 19th. They set an "outperform" rating and a $32.00 target price on the stock. Finally, Stifel Nicolaus boosted their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a "hold" rating in a research note on Thursday, August 14th. Ten analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $31.13.

Insider Buying and Selling

In related news, VP Sital K. Mody sold 45,549 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $27.96, for a total transaction of $1,273,550.04. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the firm's stock in a transaction dated Monday, October 6th. The shares were 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 owned 219,702 shares of the company's stock, valued at $6,189,005.34. The trade was a 2.73% decrease in their position. 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.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock opened at $27.55 on Tuesday. Kinder Morgan, Inc. has a fifty-two week low of $23.94 and a fifty-two week high of $31.48. The company has a market cap of $61.21 billion, a PE ratio of 22.58, a price-to-earnings-growth ratio of 3.22 and a beta of 0.78. The firm has a fifty day moving average price of $27.27 and a two-hundred day moving average price of $27.41. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53.

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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