Salomon & Ludwin LLC Raises Holdings in Kinder Morgan, Inc. $KMI

Salomon & Ludwin LLC raised its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 51.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,394 shares of the pipeline company’s stock after purchasing an additional 1,500 shares during the quarter. Salomon & Ludwin LLC’s holdings in Kinder Morgan were worth $125,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted 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 worth $5,824,367,000 after buying an additional 1,302,794 shares during the period. Goldman Sachs Group Inc. boosted its holdings 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 worth $578,628,000 after acquiring an additional 5,529,065 shares during the period. Deutsche Bank AG grew its position 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 valued at $428,018,000 after purchasing an additional 290,653 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Kinder Morgan by 19.2% during the 1st 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 valued at $380,145,000 after purchasing an additional 2,144,307 shares during the period. Finally, Amundi lifted its holdings in Kinder Morgan by 8.0% during the 1st quarter. Amundi now owns 12,762,800 shares of the pipeline company’s stock worth $353,785,000 after purchasing an additional 943,023 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In other news, CFO David Patrick Michels sold 40,000 shares of the business’s stock in a transaction that occurred 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 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 sale was disclosed in a legal filing with the SEC, which can be accessed 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 shares were sold at an average price of $28.17, for a total transaction of $173,696.22. Following the completion of the sale, the vice president directly owned 219,702 shares of the company’s stock, valued at $6,189,005.34. This trade represents a 2.73% decrease in their position. 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 owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on KMI. Cowen assumed coverage on Kinder Morgan in a report on Monday, July 7th. They set a “buy” rating for the company. Wolfe Research raised shares of Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a research note on Friday, July 25th. JPMorgan Chase & Co. increased their target price on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. Barclays restated an “overweight” rating and set a $32.00 price target (up from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Finally, Morgan Stanley set a $30.00 price target on shares of Kinder Morgan in a 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $31.13.

Kinder Morgan Trading Up 0.7%

NYSE 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 stock’s 50-day simple moving average is $27.26 and its two-hundred day simple moving average is $27.40. 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 $60.86 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 3.22 and a beta of 0.78.

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.