Axxcess Wealth Management LLC Raises Stake in Kinder Morgan, Inc. $KMI

Axxcess Wealth Management LLC grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 6.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 74,934 shares of the pipeline company’s stock after purchasing an additional 4,551 shares during the period. Axxcess Wealth Management LLC’s holdings in Kinder Morgan were worth $2,203,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Sierra Ocean LLC boosted its position in shares of Kinder Morgan by 927.1% during the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 788 shares in the last quarter. JNBA Financial Advisors boosted its position in shares of Kinder Morgan by 669.2% during the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock worth $29,000 after purchasing an additional 870 shares in the last quarter. Cranbrook Wealth Management LLC boosted its position in shares of Kinder Morgan by 116.1% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock worth $31,000 after purchasing an additional 562 shares in the last quarter. Grove Bank & Trust boosted its position in shares of Kinder Morgan by 2,913.5% during the 1st quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company’s stock worth $32,000 after purchasing an additional 1,078 shares in the last quarter. Finally, Wolff Wiese Magana LLC purchased a new stake in shares of Kinder Morgan during the 2nd quarter worth $34,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Kinder Morgan

In related news, EVP Dax Sanders sold 30,127 shares of the business’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $27.05, for a total value of $814,935.35. Following the completion of the transaction, the executive vice president owned 292,000 shares of the company’s stock, valued at approximately $7,898,600. The trade was 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, VP Sital K. Mody sold 45,549 shares of the company’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $27.96, for a total transaction 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 worth $3,727,678 in the last ninety days. Company insiders own 12.73% of the company’s stock.

Kinder Morgan Trading Up 1.1%

Shares of KMI stock opened at $27.62 on Thursday. The firm has a 50-day moving average price of $27.24 and a 200 day moving average price of $27.43. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $31.48. The company has a market capitalization of $61.38 billion, a price-to-earnings ratio of 22.64, a PEG ratio of 3.21 and a beta of 0.78. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The firm had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the previous year, the company posted $0.26 EPS. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. Research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

KMI has been the subject of several research reports. Stifel Nicolaus lifted their price target on Kinder Morgan from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Thursday, August 14th. JPMorgan Chase & Co. lifted their price target on Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. TD Cowen initiated coverage on Kinder Morgan in a research note on Monday, July 7th. They set a “buy” rating and a $34.00 price target for the company. Jefferies Financial Group initiated coverage on Kinder Morgan in a research note on Thursday, October 9th. They set a “hold” rating and a $30.00 price target for the company. Finally, BMO Capital Markets initiated coverage on Kinder Morgan in a research note on Friday, September 19th. They set an “outperform” rating and a $32.00 price target for the company. Eleven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $30.88.

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.