Probity Advisors Inc. Grows Position in Kinder Morgan, Inc. $KMI

Probity Advisors Inc. boosted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 6.4% in the second quarter, Holdings Channel.com reports. The firm owned 21,390 shares of the pipeline company’s stock after acquiring an additional 1,289 shares during the quarter. Probity Advisors Inc.’s holdings in Kinder Morgan were worth $629,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Kinder Morgan by 0.6% during the first quarter. Vanguard Group Inc. now owns 204,148,872 shares of the pipeline company’s stock worth $5,824,367,000 after buying an additional 1,302,794 shares during the period. Goldman Sachs Group Inc. grew its stake in Kinder Morgan by 37.5% during the first quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company’s stock worth $578,628,000 after buying an additional 5,529,065 shares during the period. Deutsche Bank AG grew its stake in Kinder Morgan by 2.0% during the first quarter. Deutsche Bank AG now owns 15,002,375 shares of the pipeline company’s stock worth $428,018,000 after buying an additional 290,653 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Kinder Morgan by 19.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,324,387 shares of the pipeline company’s stock worth $380,145,000 after buying an additional 2,144,307 shares during the period. Finally, Amundi grew its stake in Kinder Morgan by 8.0% during the first quarter. Amundi now owns 12,762,800 shares of the pipeline company’s stock worth $353,785,000 after buying an additional 943,023 shares during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Trading Up 0.6%

KMI opened at $27.55 on Tuesday. The stock has a market capitalization of $61.21 billion, a PE ratio of 22.58, a P/E/G ratio of 3.22 and a beta of 0.78. The firm’s fifty day moving average price is $27.27 and its 200 day moving average price is $27.41. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-month high of $31.48.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction on Monday, October 6th. The shares were sold at an average price of $28.17, for a total transaction of $173,696.22. Following the sale, the vice president directly owned 219,702 shares of the company’s stock, valued at approximately $6,189,005.34. This represents a 2.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amy W. Chronis bought 2,759 shares of the company’s stock in a transaction on Monday, July 28th. The shares were acquired at an average cost of $27.21 per share, for a total transaction of $75,072.39. Following the completion of the acquisition, the director directly owned 34,764 shares of the company’s stock, valued at $945,928.44. This trade represents a 8.62% increase in their position. The disclosure for this purchase can be found here. Insiders sold 134,174 shares of company stock valued at $3,727,678 in the last ninety days. 12.73% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Wolfe Research raised shares of Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a research report on Friday, July 25th. Cowen assumed coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They set a “buy” rating on the stock. Scotiabank reduced their target price on shares of 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. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a research report on Wednesday, October 8th. Finally, BMO Capital Markets assumed coverage on shares of Kinder Morgan in a research report on Friday, September 19th. They set an “outperform” rating and a $32.00 target price on the stock. Ten investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and a consensus price target 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.