Kinder Morgan, Inc. $KMI Shares Acquired by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC grew its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 46.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,533 shares of the pipeline company's stock after purchasing an additional 10,062 shares during the period. Sagespring Wealth Partners LLC's holdings in Kinder Morgan were worth $927,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of KMI. Alhambra Investment Management LLC increased its holdings in shares of Kinder Morgan by 2.3% in the 2nd quarter. Alhambra Investment Management LLC now owns 15,934 shares of the pipeline company's stock valued at $468,000 after acquiring an additional 363 shares during the period. Relyea Zuckerberg Hanson LLC increased its holdings in shares of Kinder Morgan by 4.2% in the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 9,377 shares of the pipeline company's stock valued at $276,000 after acquiring an additional 374 shares during the period. QTR Family Wealth LLC increased its stake in Kinder Morgan by 2.7% in the second quarter. QTR Family Wealth LLC now owns 14,380 shares of the pipeline company's stock valued at $423,000 after purchasing an additional 377 shares during the period. Frank Rimerman Advisors LLC increased its stake in Kinder Morgan by 0.8% in the first quarter. Frank Rimerman Advisors LLC now owns 48,943 shares of the pipeline company's stock valued at $1,396,000 after purchasing an additional 378 shares during the period. Finally, Signaturefd LLC increased its stake in Kinder Morgan by 1.8% in the first quarter. Signaturefd LLC now owns 21,068 shares of the pipeline company's stock valued at $601,000 after purchasing an additional 381 shares during the period. Institutional investors and hedge funds own 62.52% of the company's stock.

Kinder Morgan Stock Performance

NYSE KMI opened at $27.62 on Thursday. The business's 50 day moving average is $27.24 and its two-hundred day moving average is $27.43. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-month high of $31.48. The stock has a market capitalization of $61.38 billion, a price-to-earnings ratio of 22.64, a PEG ratio of 3.21 and a beta of 0.78. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99.

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on KMI shares. Weiss Ratings restated a "buy (b)" rating on shares of Kinder Morgan in a research report on Wednesday, October 8th. Cowen initiated coverage on Kinder Morgan in a research report on Monday, July 7th. They issued a "buy" rating on the stock. Morgan Stanley set a $30.00 target price on Kinder Morgan in a report on Thursday, October 9th. TD Cowen initiated coverage on Kinder Morgan in a report on Monday, July 7th. They issued a "buy" rating and a $34.00 target price on the stock. Finally, Wells Fargo & Company boosted their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Eleven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $30.88.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, CFO David Patrick Michels sold 40,000 shares of the company's stock in a transaction dated 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 directly 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP John W. Schlosser sold 6,166 shares of the company's stock in a transaction that occurred on Monday, October 6th. The stock was 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 approximately $6,189,005.34. This represents a 2.73% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 134,174 shares of company stock worth $3,727,678. Company insiders own 12.73% of the company's stock.

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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