Prospera Financial Services Inc trimmed its position in shares of Kinder Morgan Inc (NYSE:KMI) by 48.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,842 shares of the pipeline company’s stock after selling 15,725 shares during the period. Prospera Financial Services Inc’s holdings in Kinder Morgan were worth $269,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the stock. Centaurus Financial Inc. raised its holdings in Kinder Morgan by 866.1% during the first quarter. Centaurus Financial Inc. now owns 1,082 shares of the pipeline company’s stock valued at $54,000 after buying an additional 970 shares in the last quarter. Citizens Financial Group Inc RI increased its stake in shares of Kinder Morgan by 119.2% in the first quarter. Citizens Financial Group Inc RI now owns 1,256 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 683 shares during the period. SRS Capital Advisors Inc. bought a new position in shares of Kinder Morgan in the second quarter worth about $32,000. AlphaMark Advisors LLC increased its stake in shares of Kinder Morgan by 106.7% in the first quarter. AlphaMark Advisors LLC now owns 1,550 shares of the pipeline company’s stock worth $31,000 after purchasing an additional 800 shares during the period. Finally, Weaver Consulting Group bought a new position in shares of Kinder Morgan in the first quarter worth about $33,000. Institutional investors and hedge funds own 61.74% of the company’s stock.
KMI stock traded up $0.03 during trading on Thursday, reaching $20.70. 4,184,703 shares of the stock were exchanged, compared to its average volume of 12,045,812. Kinder Morgan Inc has a twelve month low of $14.62 and a twelve month high of $21.50. The company has a market capitalization of $46.79 billion, a P/E ratio of 23.26, a price-to-earnings-growth ratio of 4.33 and a beta of 0.82. The stock has a 50 day simple moving average of $20.26 and a 200-day simple moving average of $20.27. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 0.96.
A number of equities analysts have recently commented on the company. Stifel Nicolaus lowered Kinder Morgan from a “buy” rating to a “hold” rating and set a $22.00 price objective on the stock. in a research note on Monday, June 17th. ValuEngine lowered Kinder Morgan from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Scotiabank assumed coverage on Kinder Morgan in a research note on Tuesday, September 3rd. They issued a “sector perform” rating and a $23.00 price objective on the stock. BMO Capital Markets lowered Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $22.00 price objective on the stock. in a research note on Monday, July 29th. Finally, Raymond James lowered Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $20.72 price objective on the stock. in a research note on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $21.91.
In related news, insider Richard D. Kinder acquired 400,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were bought at an average cost of $19.95 per share, with a total value of $7,980,000.00. Following the completion of the acquisition, the insider now owns 241,579,496 shares of the company’s stock, valued at $4,819,510,945.20. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Dax Sanders sold 71,944 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $20.05, for a total value of $1,442,477.20. Following the sale, the vice president now directly owns 204,605 shares in the company, valued at $4,102,330.25. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 705,000 shares of company stock worth $14,007,550. 13.95% of the stock is owned by company insiders.
About Kinder Morgan
Kinder Morgan, Inc operates as an energy infrastructure company 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 and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.
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