Kinder Morgan (NYSE:KMI) Trading Down 1.4% – What’s Next?

Shares of Kinder Morgan, Inc. (NYSE:KMI) fell 1.4% on Wednesday . The company traded as low as $30.66 and last traded at $30.79. 5,245,225 shares were traded during trading, a decline of 61% from the average session volume of 13,431,764 shares. The stock had previously closed at $31.22.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company upped their price target on Kinder Morgan from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Morgan Stanley set a $26.00 target price on Kinder Morgan in a research note on Friday, October 18th. Scotiabank assumed coverage on shares of Kinder Morgan in a report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price objective for the company. Finally, Bank of America initiated coverage on Kinder Morgan in a report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price target for the company. Eight 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.

Kinder Morgan Stock Down 0.8 %

The stock’s 50-day moving average is $27.82 and its 200-day moving average is $24.28. The stock has a market cap of $68.82 billion, a P/E ratio of 27.17, a price-to-earnings-growth ratio of 3.97 and a beta of 0.94. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95.

Insider Activity at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the sale, the president now directly owns 861,652 shares of the company’s stock, valued at $24,048,707.32. This represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Amy W. Chronis bought 2,241 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was purchased at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the transaction, the director now owns 23,995 shares of the company’s stock, valued at $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 55,121 shares of company stock worth $1,497,000 in the last 90 days. Corporate insiders own 12.81% of the company’s stock.

Hedge Funds Weigh In On Kinder Morgan

A number of large investors have recently made changes to their positions in the business. American Century Companies Inc. grew its position in Kinder Morgan by 1.6% in the second quarter. American Century Companies Inc. now owns 346,183 shares of the pipeline company’s stock worth $6,879,000 after acquiring an additional 5,402 shares in the last quarter. Edgestream Partners L.P. bought a new stake in shares of Kinder Morgan during the 2nd quarter worth $213,000. Intech Investment Management LLC boosted its holdings in shares of Kinder Morgan by 102.1% during the 2nd quarter. Intech Investment Management LLC now owns 98,945 shares of the pipeline company’s stock worth $1,966,000 after buying an additional 49,991 shares during the period. Canada Pension Plan Investment Board boosted its holdings in shares of Kinder Morgan by 147.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 352,845 shares of the pipeline company’s stock worth $7,011,000 after buying an additional 210,341 shares during the period. Finally, AE Wealth Management LLC boosted its holdings in shares of Kinder Morgan by 9.3% during the 2nd quarter. AE Wealth Management LLC now owns 46,888 shares of the pipeline company’s stock worth $932,000 after buying an additional 4,003 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

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.