Commerzbank Aktiengesellschaft FI Sells 148,775 Shares of Kinder Morgan, Inc. $KMI

Commerzbank Aktiengesellschaft FI decreased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 71.1% in the 1st quarter, Holdings Channel reports. The fund owned 60,427 shares of the pipeline company’s stock after selling 148,775 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Kinder Morgan were worth $2,026,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Frazier Financial Advisors LLC acquired a new position in Kinder Morgan during the 1st quarter worth approximately $28,000. Commonwealth Retirement Investments LLC bought a new position in Kinder Morgan in the 4th quarter valued at approximately $27,000. First Pacific Financial boosted its position in Kinder Morgan by 9,900.0% in the first quarter. First Pacific Financial now owns 1,000 shares of the pipeline company’s stock valued at $34,000 after buying an additional 990 shares in the last quarter. Acumen Wealth Advisors LLC acquired a new stake in Kinder Morgan in the fourth quarter valued at approximately $28,000. Finally, Dorato Capital Management bought a new stake in shares of Kinder Morgan during the fourth quarter worth $30,000. Institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $31.90, for a total value of $196,695.40. Following the sale, the vice president owned 164,208 shares in the company, valued at approximately $5,238,235.20. The trade was a 3.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total value of $48,732.00. Following the completion of the sale, the vice president directly owned 41,743 shares of the company’s stock, valued at approximately $1,312,399.92. The trade was a 3.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 21,598 shares of company stock worth $693,689. 12.72% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on KMI shares. Scotiabank upped their price target on shares of Kinder Morgan from $31.00 to $32.00 and gave the stock a “sector perform” rating in a report on Thursday, March 26th. Royal Bank Of Canada raised their price objective on Kinder Morgan from $32.00 to $35.00 and gave the company a “sector perform” rating in a report on Monday, March 30th. Wolfe Research lowered Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Truist Financial began coverage on Kinder Morgan in a report on Tuesday, March 24th. They issued a “hold” rating and a $38.00 target price for the company. Finally, Zacks Research downgraded Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Eight equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Kinder Morgan has an average rating of “Hold” and an average price target of $34.71.

Kinder Morgan Trading Down 0.6%

KMI opened at $32.38 on Wednesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.52 and a quick ratio of 0.41. Kinder Morgan, Inc. has a fifty-two week low of $25.60 and a fifty-two week high of $34.81. The company’s 50 day moving average price is $32.29 and its two-hundred day moving average price is $31.76. The firm has a market capitalization of $72.03 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 2.71 and a beta of 0.54.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.10. The firm had revenue of $4.83 billion during the quarter, compared to the consensus estimate of $4.55 billion. Kinder Morgan had a net margin of 18.92% and a return on equity of 9.90%. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 earnings per share. As a group, research analysts predict that Kinder Morgan, Inc. will post 1.49 earnings per share for the current year.

Kinder Morgan Company Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.