Kinder Morgan, Inc. $KMI Shares Acquired by Nordea Investment Management AB

Key Points

• Nordea Investment Management AB increased its stake in Kinder Morgan, Inc. by 9.9% during the second quarter, now owning 145,988 shares worth approximately $4.27 million.
• Several institutional investors, including Westwood Holdings Group and Burney Co., have also significantly increased their holdings, with Burney Co. raising its stake by 133.5%.
• Kinder Morgan stock currently has a market cap of $61.09 billion, and analysts maintain a consensus rating of "Moderate Buy" with an average target price of $31.13.

Nordea Investment Management AB grew its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 9.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 145,988 shares of the pipeline company's stock after purchasing an additional 13,150 shares during the period. Nordea Investment Management AB's holdings in Kinder Morgan were worth $4,270,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Westwood Holdings Group Inc. increased its holdings in shares of Kinder Morgan by 14.1% in the first quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company's stock valued at $183,793,000 after purchasing an additional 794,388 shares during the period. Burney Co. increased its holdings in shares of Kinder Morgan by 133.5% in the first quarter. Burney Co. now owns 442,044 shares of the pipeline company's stock valued at $12,612,000 after purchasing an additional 252,736 shares during the period. Aberdeen Group plc increased its holdings in shares of Kinder Morgan by 35.2% in the first quarter. Aberdeen Group plc now owns 2,343,165 shares of the pipeline company's stock valued at $66,581,000 after purchasing an additional 609,748 shares during the period. Eagle Global Advisors LLC increased its holdings in shares of Kinder Morgan by 15.6% in the first quarter. Eagle Global Advisors LLC now owns 1,016,490 shares of the pipeline company's stock valued at $29,000,000 after purchasing an additional 137,030 shares during the period. Finally, FORA Capital LLC acquired a new position in Kinder Morgan during the first quarter worth $6,814,000. Institutional investors and hedge funds own 62.52% of the company's stock.

Kinder Morgan Stock Down 0.1%

Kinder Morgan stock opened at $27.49 on Wednesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. The firm has a market capitalization 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 fifty-two week low of $23.94 and a fifty-two week high of $31.48. The stock's fifty day moving average is $27.29 and its two-hundred day moving average is $27.41.

Insider Buying and Selling

In other Kinder Morgan news, EVP Dax Sanders sold 30,127 shares of the company's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $27.05, for a total value of $814,935.35. Following the sale, the executive vice president owned 292,000 shares of the company's stock, valued at approximately $7,898,600. This represents a 9.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the company's stock in a transaction on Monday, October 6th. The shares were sold at an average price of $28.17, for a total value of $173,696.22. Following the completion of the sale, the vice president owned 219,702 shares in the company, valued at $6,189,005.34. This represents a 2.73% decrease in their ownership of the stock. 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 three months. 12.73% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on KMI shares. TD Cowen started coverage on Kinder Morgan in a report on Monday, July 7th. They set a "buy" rating and a $34.00 price objective on the stock. Cowen started coverage on Kinder Morgan in a report on Monday, July 7th. They set a "buy" rating on the stock. Scotiabank dropped their price objective 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. BMO Capital Markets started coverage on Kinder Morgan in a report on Friday, September 19th. They set an "outperform" rating and a $32.00 price objective on the stock. Finally, Stifel Nicolaus upped their price objective on Kinder Morgan from $28.00 to $29.00 and gave the stock a "hold" rating in a report on Thursday, August 14th. Ten research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $31.13.

About Kinder Morgan

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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