Proquility Private Wealth Partners LLC Sells 2,106 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Proquility Private Wealth Partners LLC trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 1.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 151,385 shares of the pipeline company’s stock after selling 2,106 shares during the quarter. Proquility Private Wealth Partners LLC’s holdings in Kinder Morgan were worth $3,344,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Pathway Financial Advisers LLC bought a new stake in shares of Kinder Morgan in the 1st quarter worth approximately $30,000. HWG Holdings LP bought a new stake in Kinder Morgan in the second quarter worth $30,000. OFI Invest Asset Management purchased a new stake in Kinder Morgan during the first quarter valued at about $31,000. Redmont Wealth Advisors LLC purchased a new position in shares of Kinder Morgan in the first quarter worth about $31,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Kinder Morgan in the 2nd quarter valued at about $31,000. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $24.85 on Wednesday. The company’s fifty day moving average price is $21.88 and its 200-day moving average price is $20.36. The stock has a market cap of $55.15 billion, a PE ratio of 22.50, a price-to-earnings-growth ratio of 3.27 and a beta of 0.93. The company has a current ratio of 0.37, a quick ratio of 0.28 and a debt-to-equity ratio of 0.90. Kinder Morgan, Inc. has a 12 month low of $15.91 and a 12 month high of $25.02.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The business had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $4.13 billion. During the same period in the previous year, the firm earned $0.24 EPS. The company’s revenue was up 2.0% on a year-over-year basis. On average, equities analysts expect that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Insider Activity at Kinder Morgan

In other news, VP Sital K. Mody sold 25,169 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $21.04, for a total value of $529,555.76. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Kinder Morgan news, VP Sital K. Mody sold 21,413 shares of the stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total transaction of $455,026.25. Following the sale, the vice president now directly owns 25,169 shares in the company, valued at approximately $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 accessible through this hyperlink. Also, VP Sital K. Mody sold 25,169 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $21.04, for a total value of $529,555.76. The disclosure for this sale can be found here. Insiders sold a total of 148,311 shares of company stock valued at $3,121,891 in the last 90 days. Corporate insiders own 12.64% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Royal Bank of Canada lifted their price target on Kinder Morgan from $20.00 to $22.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 30th. Stifel Nicolaus upped 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. JPMorgan Chase & Co. raised their price target on shares of Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Scotiabank raised their target price on Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 17th. Finally, Morgan Stanley raised Kinder Morgan from an “underweight” rating to an “equal weight” rating and set a $24.00 price target for the company in a research report on Monday, September 16th. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.18.

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.