Angeles Wealth Management LLC Makes New Investment in Kinder Morgan, Inc. (NYSE:KMI)

Angeles Wealth Management LLC acquired a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,078 shares of the pipeline company’s stock, valued at approximately $203,000.

Other hedge funds have also modified their holdings of the company. True Wealth Design LLC lifted its position in shares of Kinder Morgan by 3,655.3% in the 4th quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock valued at $25,000 after acquiring an additional 1,389 shares in the last quarter. Altshuler Shaham Ltd purchased a new position in Kinder Morgan during the fourth quarter valued at approximately $26,000. Activest Wealth Management purchased a new stake in Kinder Morgan in the 4th quarter worth approximately $30,000. Redmont Wealth Advisors LLC purchased a new position in shares of Kinder Morgan during the 1st quarter valued at $31,000. Finally, OFI Invest Asset Management acquired a new position in shares of Kinder Morgan in the first quarter worth $31,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Kinder Morgan

In related news, Director Michael C. Morgan sold 230,000 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $18.82, for a total value of $4,328,600.00. Following the transaction, the director now owns 345,087 shares in the company, valued at $6,494,537.34. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Michael C. Morgan sold 230,000 shares of Kinder Morgan stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the transaction, the director now owns 345,087 shares in the company, valued at approximately $6,494,537.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Dax Sanders sold 50,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total transaction of $987,500.00. Following the sale, the vice president now owns 259,069 shares in the company, valued at $5,116,612.75. The disclosure for this sale can be found here. 12.64% of the stock is owned by company insiders.

Kinder Morgan Price Performance

Shares of KMI traded up $0.74 during trading hours on Thursday, hitting $21.27. The stock had a trading volume of 31,177,779 shares, compared to its average volume of 13,884,823. Kinder Morgan, Inc. has a 52 week low of $15.89 and a 52 week high of $21.45. The stock has a market capitalization of $47.21 billion, a price-to-earnings ratio of 19.26, a P/E/G ratio of 3.19 and a beta of 0.93. The company’s fifty day moving average is $19.68 and its two-hundred day moving average is $18.44. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.50 and a quick ratio of 0.38.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The business had revenue of $3.57 billion during the quarter, compared to analyst estimates of $4.13 billion. During the same period in the prior year, the firm posted $0.24 EPS. Kinder Morgan’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Tudor Pickering raised shares of Kinder Morgan to a “strong-buy” rating in a research report on Thursday, May 30th. UBS Group boosted their target price on Kinder Morgan from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Truist Financial reissued a “hold” rating and set a $20.00 target price (down previously from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. Scotiabank boosted their price objective on Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Finally, Wells Fargo & Company upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $18.00 to $22.00 in a research note on Tuesday, June 4th. Six analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $21.00.

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.