Kinder Morgan, Inc. $KMI Shares Sold by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC cut its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 13.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,819 shares of the pipeline company’s stock after selling 6,880 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Kinder Morgan were worth $1,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sierra Ocean LLC lifted its holdings in shares of Kinder Morgan by 927.1% in the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock valued at $25,000 after buying an additional 788 shares during the period. JNBA Financial Advisors grew its holdings in Kinder Morgan by 669.2% during the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock worth $29,000 after acquiring an additional 870 shares during the period. Cranbrook Wealth Management LLC raised its position in Kinder Morgan by 116.1% during the second quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock valued at $31,000 after acquiring an additional 562 shares in the last quarter. Wolff Wiese Magana LLC acquired a new position in Kinder Morgan in the second quarter valued at approximately $34,000. Finally, Clearstead Trust LLC purchased a new stake in Kinder Morgan in the 1st quarter worth approximately $40,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Stock Performance

KMI opened at $27.49 on Wednesday. The firm’s fifty day simple moving average is $27.29 and its two-hundred day simple moving average is $27.41. Kinder Morgan, Inc. has a 52-week low of $23.94 and a 52-week high of $31.48. The company has a market cap of $61.09 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 3.24 and a beta of 0.78. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99.

Insiders Place Their Bets

In other news, Director Amy W. Chronis acquired 2,759 shares of the firm’s stock in a transaction on Monday, July 28th. The shares were bought at an average price of $27.21 per share, for a total transaction of $75,072.39. Following the acquisition, the director owned 34,764 shares of the company’s stock, valued at approximately $945,928.44. This trade represents a 8.62% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction on Monday, October 6th. The stock was 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 $6,189,005.34. The trade was a 2.73% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 134,174 shares of company stock valued at $3,727,678. 12.73% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KMI. Cowen initiated coverage on shares of Kinder Morgan in a report on Monday, July 7th. They set a “buy” rating for the company. Morgan Stanley set a $30.00 price target on shares of Kinder Morgan in a research report on Thursday, October 9th. Jefferies Financial Group began coverage on shares of Kinder Morgan in a research report on Thursday, October 9th. They issued a “hold” rating and a $30.00 price objective for the company. TD Cowen started coverage on Kinder Morgan in a research report on Monday, July 7th. They set a “buy” rating and a $34.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their price target on Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Ten investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $31.13.

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.