Aspiriant LLC Grows Holdings in Kinder Morgan, Inc. $KMI

Aspiriant LLC grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 4.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,887 shares of the pipeline company’s stock after buying an additional 1,149 shares during the quarter. Aspiriant LLC’s holdings in Kinder Morgan were worth $732,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Sierra Ocean LLC lifted its stake in Kinder Morgan by 927.1% during the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 788 shares during the last quarter. JNBA Financial Advisors raised its holdings in shares of Kinder Morgan by 669.2% during the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock valued at $29,000 after buying an additional 870 shares in the last quarter. Cranbrook Wealth Management LLC raised its holdings in shares of Kinder Morgan by 116.1% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock valued at $31,000 after buying an additional 562 shares in the last quarter. Wolff Wiese Magana LLC bought a new stake in Kinder Morgan in the 2nd quarter worth approximately $34,000. Finally, Clearstead Trust LLC purchased a new stake in Kinder Morgan in the first quarter worth approximately $40,000. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Stock Performance

Shares of NYSE:KMI opened at $27.39 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. The company has a 50-day moving average price of $27.26 and a 200-day moving average price of $27.40. The company has a market cap of $60.86 billion, a price-to-earnings ratio of 22.45, a price-to-earnings-growth 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 (NYSE:KMI) last announced its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the previous year, the business earned $0.26 EPS. Kinder Morgan’s revenue was up 13.2% compared to the same quarter last year. As a group, equities analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Insider Activity

In other Kinder Morgan news, CFO David Patrick Michels sold 40,000 shares of the company’s stock in a transaction 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 transaction, the chief financial officer directly owned 159,428 shares in the company, valued at approximately $4,494,275.32. This represents a 20.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Amy W. Chronis bought 2,759 shares of the company’s stock in a transaction dated Monday, July 28th. The stock was bought at an average cost of $27.21 per share, with a total value of $75,072.39. Following the completion of the transaction, the director owned 34,764 shares in the company, valued at approximately $945,928.44. This trade represents a 8.62% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 134,174 shares of company stock valued at $3,727,678. 12.73% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

KMI has been the topic of several research reports. TD Cowen started coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They set a “buy” rating and a $34.00 price target on the stock. Cowen began coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They issued a “buy” rating on the stock. Scotiabank cut their price target on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a research report on Friday, September 19th. Stifel Nicolaus raised their price objective on Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Thursday, August 14th. Finally, Wolfe Research raised Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 target price for the company in a research note on Friday, July 25th. Ten analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $31.13.

About Kinder Morgan

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.