Wealthfront Advisers LLC Sells 10,648 Shares of Kinder Morgan Inc (NYSE:KMI)

Wealthfront Advisers LLC decreased its stake in Kinder Morgan Inc (NYSE:KMI) by 8.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 113,182 shares of the pipeline company’s stock after selling 10,648 shares during the quarter. Wealthfront Advisers LLC’s holdings in Kinder Morgan were worth $2,396,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in KMI. Assenagon Asset Management S.A. grew its holdings in shares of Kinder Morgan by 4,335.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 5,313,554 shares of the pipeline company’s stock valued at $109,512,000 after acquiring an additional 5,193,754 shares in the last quarter. Macquarie Group Ltd. grew its holdings in shares of Kinder Morgan by 254.6% in the 2nd quarter. Macquarie Group Ltd. now owns 3,396,171 shares of the pipeline company’s stock valued at $70,913,000 after acquiring an additional 2,438,336 shares in the last quarter. Nan Shan Life Insurance Co. Ltd. grew its holdings in shares of Kinder Morgan by 419.1% in the 3rd quarter. Nan Shan Life Insurance Co. Ltd. now owns 2,886,000 shares of the pipeline company’s stock valued at $59,480,000 after acquiring an additional 2,330,000 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of Kinder Morgan by 28.5% in the 3rd quarter. California Public Employees Retirement System now owns 4,748,254 shares of the pipeline company’s stock valued at $97,862,000 after acquiring an additional 1,053,377 shares in the last quarter. Finally, Janney Capital Management LLC bought a new position in shares of Kinder Morgan in the 3rd quarter valued at about $13,990,000. Institutional investors own 62.15% of the company’s stock.

Shares of NYSE:KMI opened at $20.93 on Wednesday. Kinder Morgan Inc has a 52-week low of $17.05 and a 52-week high of $21.68. The company has a market capitalization of $48.38 billion, a P/E ratio of 23.26, a price-to-earnings-growth ratio of 4.33 and a beta of 0.80. The company has a 50-day simple moving average of $20.84 and a 200 day simple moving average of $20.49. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.29 and a current ratio of 0.35.

Several equities research analysts recently issued reports on KMI shares. Barclays downgraded shares of Kinder Morgan from an “overweight” rating to an “equal weight” rating and set a $23.00 target price for the company. in a research note on Tuesday, January 14th. Citigroup downgraded shares of Kinder Morgan from a “buy” rating to a “neutral” rating in a research note on Monday, January 6th. They noted that the move was a valuation call. Morgan Stanley started coverage on shares of Kinder Morgan in a research note on Monday, January 6th. They issued an “underweight” rating and a $19.00 target price for the company. SunTrust Banks cut their target price on shares of Kinder Morgan from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Finally, TD Securities started coverage on shares of Kinder Morgan in a research note on Wednesday, October 2nd. They issued a “buy” rating and a $25.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the stock. Kinder Morgan presently has an average rating of “Hold” and an average target price of $21.92.

In other Kinder Morgan news, VP Thomas A. Martin sold 20,733 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $20.65, for a total transaction of $428,136.45. Following the completion of the sale, the vice president now directly owns 908,974 shares in the company, valued at $18,770,313.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Richard D. Kinder acquired 300,000 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were bought at an average price of $20.17 per share, with a total value of $6,051,000.00. Following the completion of the transaction, the chairman now directly owns 242,179,496 shares of the company’s stock, valued at $4,884,760,434.32. The disclosure for this purchase can be found here. Insiders have acquired 1,459,624 shares of company stock valued at $29,187,827 over the last 90 days. Company insiders own 13.95% of the company’s stock.

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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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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