Kinder Morgan Inc (KMI) Holdings Increased by Welch Group LLC
Welch Group LLC grew its holdings in Kinder Morgan Inc (NYSE:KMI) by 18.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,513 shares of the pipeline company’s stock after purchasing an additional 6,852 shares during the period. Welch Group LLC’s holdings in Kinder Morgan were worth $871,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in KMI. Avestar Capital LLC grew its position in shares of Kinder Morgan by 83.5% during the 4th quarter. Avestar Capital LLC now owns 2,165 shares of the pipeline company’s stock worth $27,000 after buying an additional 985 shares in the last quarter. Intercontinental Wealth Advisors LLC bought a new position in shares of Kinder Morgan during the 4th quarter worth $28,000. Cornerstone Advisors Inc. grew its position in shares of Kinder Morgan by 129.8% during the 4th quarter. Cornerstone Advisors Inc. now owns 1,896 shares of the pipeline company’s stock worth $29,000 after buying an additional 1,071 shares in the last quarter. Bedel Financial Consulting Inc. grew its position in shares of Kinder Morgan by 573.6% during the 4th quarter. Bedel Financial Consulting Inc. now owns 1,987 shares of the pipeline company’s stock worth $31,000 after buying an additional 1,692 shares in the last quarter. Finally, Webster Bank N. A. bought a new position in shares of Kinder Morgan during the 1st quarter worth $31,000. Institutional investors and hedge funds own 64.72% of the company’s stock.
KMI stock traded down $0.03 during trading on Monday, reaching $19.79. 8,837,478 shares of the company traded hands, compared to its average volume of 15,440,419. Kinder Morgan Inc has a 12 month low of $14.62 and a 12 month high of $20.44. The company has a market cap of $43.72 billion, a P/E ratio of 22.24, a PEG ratio of 2.63 and a beta of 0.96. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.76 and a quick ratio of 0.71.
A number of equities analysts have recently issued reports on the company. TheStreet raised Kinder Morgan from a “c” rating to a “b-” rating in a research report on Wednesday, January 16th. JPMorgan Chase & Co. downgraded Kinder Morgan from an “overweight” rating to a “neutral” rating and increased their price target for the stock from $21.00 to $22.00 in a research report on Friday, March 22nd. Goldman Sachs Group downgraded Kinder Morgan from a “conviction-buy” rating to a “buy” rating and set a $23.00 price target on the stock. in a research report on Thursday, March 28th. Argus reissued a “buy” rating and set a $23.00 price target on shares of Kinder Morgan in a research report on Tuesday, January 22nd. Finally, ValuEngine raised Kinder Morgan from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $21.32.
In other Kinder Morgan news, Director Deborah Macdonald purchased 2,500 shares of the stock in a transaction on Tuesday, March 12th. The stock was acquired at an average price of $19.89 per share, with a total value of $49,725.00. Following the completion of the acquisition, the director now owns 25,328 shares in the company, valued at $503,773.92. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, VP John W. Schlosser sold 54,100 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $19.63, for a total value of $1,061,983.00. Following the completion of the sale, the vice president now directly owns 34,632 shares of the company’s stock, valued at approximately $679,826.16. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 3,090,912 shares of company stock worth $58,877,514. 13.95% of the stock is owned by corporate insiders.
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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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