Kinder Morgan, Inc. $KMI Shares Purchased by Lafayette Investments Inc.

Lafayette Investments Inc. raised its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 24.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 8,980 shares of the pipeline company’s stock after purchasing an additional 1,760 shares during the quarter. Lafayette Investments Inc.’s holdings in Kinder Morgan were worth $264,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on KMI shares. Scotiabank dropped their price target on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Friday, September 19th. Cowen initiated coverage on Kinder Morgan in a report on Monday, July 7th. They issued a “buy” rating for the company. JPMorgan Chase & Co. increased their price objective on Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Stifel Nicolaus increased 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. Finally, Barclays reissued an “overweight” rating and issued a $32.00 price objective (up from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Ten research 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, Kinder Morgan currently has an average rating of “Moderate Buy” and an average target price of $31.13.

Kinder Morgan Stock Performance

Shares of NYSE KMI opened at $27.55 on Tuesday. The stock 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 quick ratio of 0.53 and a current ratio of 0.68. The firm has a market cap of $61.21 billion, a P/E ratio of 22.58, a PEG ratio of 3.22 and a beta of 0.78. Kinder Morgan, Inc. has a 1 year low of $23.94 and a 1 year high of $31.48.

Insider Activity

In other Kinder Morgan news, EVP Dax Sanders sold 30,127 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $27.05, for a total transaction of $814,935.35. Following the completion of the transaction, the executive vice president directly owned 292,000 shares of the company’s stock, valued at approximately $7,898,600. This trade represents a 9.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO David Patrick Michels sold 40,000 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $28.19, for a total value of $1,127,600.00. Following the transaction, the chief financial officer directly owned 159,428 shares of the company’s stock, valued at approximately $4,494,275.32. The trade was a 20.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 134,174 shares of company stock worth $3,727,678 in the last quarter. 12.73% of the stock is currently owned by corporate 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.