Kinder Morgan, Inc. $KMI Shares Purchased by TrueMark Investments LLC

Key Points

• TrueMark Investments LLC increased its holdings in Kinder Morgan by 8.9% during the second quarter, acquiring an additional 12,265 shares, bringing their total to 150,832 shares valued at $4,434,000.
• Analysts have set a consensus price target of $31.13 for Kinder Morgan, with the stock currently rated as a "Moderate Buy" by ten analysts and an additional eight giving it a "Hold" rating.
• Insider selling occurred recently, with CFO David Patrick Michels selling 40,000 shares at an average price of $28.19, reducing his ownership by 20.06%, highlighting potential concerns among company executives.

TrueMark Investments LLC boosted its holdings in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 8.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 150,832 shares of the pipeline company's stock after acquiring an additional 12,265 shares during the quarter. TrueMark Investments LLC's holdings in Kinder Morgan were worth $4,434,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Alhambra Investment Management LLC increased its position in 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 position in shares of Kinder Morgan by 4.2% during the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 9,377 shares of the pipeline company's stock valued at $276,000 after purchasing an additional 374 shares during the period. QTR Family Wealth LLC increased its position in shares of Kinder Morgan by 2.7% during the 2nd 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 position 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 purchasing an additional 378 shares during the period. Finally, Signaturefd LLC increased its position in shares of Kinder Morgan by 1.8% during the 1st 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. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on KMI shares. Morgan Stanley set a $30.00 price target on Kinder Morgan in a research report on Thursday, October 9th. Stifel Nicolaus lifted their price target on Kinder Morgan from $28.00 to $29.00 and gave the company a "hold" rating in a research report on Thursday, August 14th. TD Cowen started coverage on Kinder Morgan in a research report on Monday, July 7th. They set a "buy" rating and a $34.00 price target on the stock. Cowen started coverage on Kinder Morgan in a research report on Monday, July 7th. They set a "buy" rating on the stock. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Kinder Morgan in a research report on Wednesday, October 8th. Ten investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Kinder Morgan currently has a consensus rating of "Moderate Buy" and a consensus target price of $31.13.

Kinder Morgan Stock Performance

Shares of NYSE KMI opened at $27.39 on Friday. 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 stock has a market capitalization of $60.86 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 3.22 and a beta of 0.78. The stock's fifty day simple moving average is $27.26 and its 200 day simple moving average is $27.40. Kinder Morgan, Inc. has a 52-week low of $23.94 and a 52-week high of $31.48.

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

Insiders Place Their Bets

In other news, CFO David Patrick Michels sold 40,000 shares of the firm's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $28.19, for a total value 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 $4,494,275.32. This trade represents a 20.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Sital K. Mody sold 45,549 shares of the firm's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $27.96, for a total value of $1,273,550.04. The disclosure for this sale can be found here. Insiders have sold a total of 134,174 shares of company stock valued at $3,727,678 over the last quarter. 12.73% of the stock is owned by 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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