San Luis Wealth Advisors LLC Has $882,000 Holdings in Kinder Morgan, Inc. (NYSE:KMI)

San Luis Wealth Advisors LLC reduced its position in Kinder Morgan, Inc. (NYSE:KMI) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,178 shares of the pipeline company’s stock after selling 494 shares during the period. San Luis Wealth Advisors LLC’s holdings in Kinder Morgan were worth $882,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Duquesne Family Office LLC grew its position in Kinder Morgan by 74.0% during the 2nd quarter. Duquesne Family Office LLC now owns 6,753,165 shares of the pipeline company’s stock worth $134,185,000 after purchasing an additional 2,872,665 shares in the last quarter. Barclays PLC boosted its position in shares of Kinder Morgan by 39.9% in the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock worth $180,833,000 after buying an additional 2,334,273 shares during the period. National Bank of Canada FI grew its holdings in shares of Kinder Morgan by 295.5% during the third quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company’s stock valued at $64,879,000 after buying an additional 2,194,489 shares in the last quarter. International Assets Investment Management LLC raised its position in Kinder Morgan by 1,849.7% during the third quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company’s stock valued at $47,817,000 after buying an additional 2,053,612 shares during the period. Finally, Marshall Wace LLP lifted its stake in Kinder Morgan by 20.6% in the 2nd quarter. Marshall Wace LLP now owns 7,770,943 shares of the pipeline company’s stock worth $154,409,000 after acquiring an additional 1,328,082 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Up 2.1 %

Shares of KMI stock opened at $29.12 on Wednesday. The stock’s 50 day simple moving average is $27.47 and its 200 day simple moving average is $23.91. Kinder Morgan, Inc. has a twelve month low of $16.47 and a twelve month high of $29.29. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. The company has a market capitalization of $64.69 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 3.87 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.25 EPS. As a group, research analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Wall Street Analyst Weigh In

KMI has been the topic of a number of research reports. Royal Bank of Canada upped their target price on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a report on Tuesday, October 22nd. UBS Group upped their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Barclays lifted their target price on shares of Kinder Morgan from $24.00 to $27.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Wells Fargo & Company upped their price target on shares of Kinder Morgan from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Finally, Bank of America started coverage on Kinder Morgan in a research note on Thursday, October 17th. They issued a “buy” rating and a $27.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $26.67.

Insider Activity at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the sale, the president now directly owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. This trade represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Amy W. Chronis bought 2,241 shares of the stock in a transaction on Tuesday, November 5th. The stock was acquired at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the acquisition, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have sold 745,263 shares of company stock worth $18,578,014. 12.64% of the stock is owned by insiders.

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.