Kinder Morgan, Inc. (NYSE:KMI) Shares Purchased by Compass Wealth Management LLC

Compass Wealth Management LLC raised its position in Kinder Morgan, Inc. (NYSE:KMI) by 5.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 120,413 shares of the pipeline company’s stock after acquiring an additional 6,328 shares during the quarter. Compass Wealth Management LLC’s holdings in Kinder Morgan were worth $2,660,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Pathway Financial Advisers LLC bought a new position in shares of Kinder Morgan in the first quarter valued at approximately $30,000. HWG Holdings LP acquired a new position in Kinder Morgan in the 2nd quarter worth approximately $30,000. OFI Invest Asset Management acquired a new position in Kinder Morgan in the 1st quarter worth approximately $31,000. Redmont Wealth Advisors LLC purchased a new stake in Kinder Morgan in the 1st quarter worth approximately $31,000. Finally, Strategic Financial Concepts LLC purchased a new stake in Kinder Morgan in the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Activity

In related news, VP Sital K. Mody sold 21,413 shares of Kinder Morgan stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total transaction of $455,026.25. Following the completion of the transaction, the vice president now directly owns 25,169 shares of the company’s stock, valued at $534,841.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the completion of the transaction, the vice president now directly owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Sital K. Mody sold 21,413 shares of the business’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total transaction of $455,026.25. Following the completion of the transaction, the vice president now directly owns 25,169 shares of the company’s stock, valued at approximately $534,841.25. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 148,311 shares of company stock worth $3,121,891. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Performance

NYSE KMI traded up $0.03 during midday trading on Thursday, hitting $24.96. The company had a trading volume of 12,178,367 shares, compared to its average volume of 13,821,095. The company has a quick ratio of 0.28, a current ratio of 0.37 and a debt-to-equity ratio of 0.90. The firm has a fifty day simple moving average of $21.96 and a two-hundred day simple moving average of $20.39. Kinder Morgan, Inc. has a fifty-two week low of $15.91 and a fifty-two week high of $25.43. The stock has a market cap of $55.40 billion, a price-to-earnings ratio of 22.66, a P/E/G ratio of 3.27 and a beta of 0.93.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter last year, the firm posted $0.25 earnings per share. Kinder Morgan’s revenue was down 5.3% on a year-over-year basis. Equities analysts forecast that Kinder Morgan, Inc. will post 1.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Truist Financial increased their target price on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday. Wells Fargo & Company increased their target price on shares of Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday. Bank of America started coverage on shares of Kinder Morgan in a report on Thursday. They set a “buy” rating and a $27.00 price target on the stock. Stifel Nicolaus raised their price target on shares of Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a report on Tuesday, August 27th. Finally, UBS Group raised their price target on shares of Kinder Morgan from $24.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $24.09.

Kinder Morgan Company Profile

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.