Cidel Asset Management Inc. Has $469,000 Stake in Kinder Morgan, Inc. $KMI

Cidel Asset Management Inc. reduced its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 9.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,959 shares of the pipeline company’s stock after selling 1,578 shares during the quarter. Cidel Asset Management Inc.’s holdings in Kinder Morgan were worth $469,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Kinder Morgan by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 204,148,872 shares of the pipeline company’s stock valued at $5,824,367,000 after buying an additional 1,302,794 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Kinder Morgan by 37.5% in the first quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company’s stock valued at $578,628,000 after acquiring an additional 5,529,065 shares during the period. Deutsche Bank AG grew its stake in shares of Kinder Morgan by 2.0% in the first quarter. Deutsche Bank AG now owns 15,002,375 shares of the pipeline company’s stock worth $428,018,000 after acquiring an additional 290,653 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position 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 acquiring an additional 2,144,307 shares during the period. Finally, Amundi boosted its holdings in Kinder Morgan by 8.0% in the 1st quarter. Amundi now owns 12,762,800 shares of the pipeline company’s stock valued at $353,785,000 after purchasing an additional 943,023 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on KMI. BMO Capital Markets initiated coverage on shares of Kinder Morgan in a report on Friday, September 19th. They set an “outperform” rating and a $32.00 price objective on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a research note on Wednesday, October 8th. Jefferies Financial Group assumed coverage on Kinder Morgan in a report on Thursday, October 9th. They issued a “hold” rating and a $30.00 price target for the company. Stifel Nicolaus lifted 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, Morgan Stanley set a $30.00 price objective on Kinder Morgan in a research report on Thursday, October 9th. Ten equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Kinder Morgan has an average rating of “Moderate Buy” and a consensus target price of $31.13.

Insiders Place Their Bets

In other news, Director Amy W. Chronis bought 2,759 shares of Kinder Morgan stock in a transaction dated 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 purchase, 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO David Patrick Michels sold 40,000 shares of the company’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the completion of the sale, the chief financial officer directly owned 159,428 shares in the company, valued at approximately $4,494,275.32. The trade was a 20.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 134,174 shares of company stock worth $3,727,678 over the last quarter. Corporate insiders own 12.73% of the company’s stock.

Kinder Morgan Stock Up 0.7%

Shares of KMI opened at $27.39 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. The company has a 50-day moving average price of $27.26 and a two-hundred day moving average price of $27.40. The stock has a market cap of $60.86 billion, a price-to-earnings ratio of 22.45, a P/E/G ratio of 3.22 and a beta of 0.78. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $31.48.

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.