Verdence Capital Advisors LLC Takes $1.41 Million Position in Kinder Morgan, Inc. $KMI

Verdence Capital Advisors LLC bought a new stake in Kinder Morgan, Inc. (NYSE:KMI) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 53,924 shares of the pipeline company’s stock, valued at approximately $1,410,000.

Several other large investors have also recently bought and sold shares of the stock. LFA Lugano Financial Advisors SA acquired a new position in shares of Kinder Morgan during the 2nd quarter worth approximately $26,000. Cranbrook Wealth Management LLC increased its holdings in Kinder Morgan by 116.1% during the second quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock worth $31,000 after buying an additional 562 shares during the last quarter. Wolff Wiese Magana LLC acquired a new position in Kinder Morgan during the second quarter worth $34,000. CoreFirst Bank & Trust bought a new stake in Kinder Morgan during the second quarter worth $35,000. Finally, Private Wealth Management Group LLC lifted its stake in Kinder Morgan by 94.9% in the third quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock valued at $35,000 after acquiring an additional 595 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $27.98 on Wednesday. The company has a market capitalization of $62.24 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 2.26 and a beta of 0.69. The company has a current ratio of 0.63, a quick ratio of 0.49 and a debt-to-equity ratio of 0.98. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $31.48. The stock’s 50 day moving average is $27.14 and its 200-day moving average is $27.19.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.29. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $3.98 billion. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 EPS. Equities research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Insider Transactions at Kinder Morgan

In other news, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $27.49, for a total value of $169,503.34. Following the completion of the sale, the vice president owned 201,204 shares of the company’s stock, valued at approximately $5,531,097.96. The trade was a 2.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Amy W. Chronis purchased 3,800 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was acquired at an average price of $26.23 per share, for a total transaction of $99,674.00. Following the completion of the purchase, the director directly owned 39,051 shares of the company’s stock, valued at $1,024,307.73. This represents a 10.78% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders bought 1,004,287 shares of company stock valued at $26,072,463 and sold 18,498 shares valued at $507,462. Insiders own 12.73% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Morgan Stanley set a $29.00 price objective on shares of Kinder Morgan in a research note on Tuesday, December 23rd. Mizuho reduced their price target on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a report on Friday, November 14th. Stifel Nicolaus boosted their price target on Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Tuesday, November 11th. Scotiabank reaffirmed a “sector perform” rating and issued a $29.00 price objective on shares of Kinder Morgan in a research report on Friday. Finally, UBS Group reiterated a “buy” rating and set a $38.00 target price on shares of Kinder Morgan in a research note on Friday, December 12th. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.33.

Kinder Morgan Company Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.