Kinder Morgan, Inc. (NYSE:KMI) has made a 43.02% comeback from a 12-month low price of $14.62. It was seen -1.55% lower, changing the price to $20.91, when the closing bell rang on 7/16/2019. At a recent session, the prices were hovering between $20.88 and $21.24. This company shares are 3.68% off its target price of $21.68 and the current market capitalization stands at $47.13B. The recent change has given its price a 2.04% lead over SMA 50 and -2.72% deficit over its 52-week high. The stock witnessed 1.85% gains, 5.66% gains and 21.36% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found KMI’s volatility during a week at 1.11% and during a month it has been found around 1.35%.
What Does Kinder Morgan, Inc. (KMI) Do?
The company describes itself in regulatory filings as, “Kinder Morgan, Inc. is an energy infrastructure company. It engages in the operation of pipelines and terminals that transport natural gas; gasoline; crude oil; carbon dioxide (CO2) and other products and stores petroleum products chemicals; and handles bulk materials like ethanol, coal, petroleum coke and steel. The firm operates through the following segments: Natural Gas Pipelines, CO2, Terminals, Product Pipelines and Kinder Morgan Canada. The Natural Gas Pipelines segment engages in the ownership and operation of major interstate and intrastate natural gas pipeline & storage systems, and natural gas & crude oil gathering systems and natural gas processing & treating facilities. The CO2 segment is focused on the production, transportation and marketing of CO2 to oil fields that use CO2 as a flooding medium for recovering crude oil from mature oil fields to increase production. The Terminals segment engages in the ownership and operation of liquids and bulk terminal facilities located throughout the U.S. and portions of Canada that transload and store refined petroleum products, crude oil, chemicals, ethanol & bulk products, including coal, petroleum coke, fertilizer, steel and ores. The Products Pipelines segment owns and operates refined petroleum products, NGL and crude oil and condensate pipelines that primarily deliver, among other products, gasoline, diesel & jet fuel, propane, crude oil and condensate to various markets. The Kinder Morgan Canada segment is focused on the operation of the Trans Mountain pipeline system that transports crude oil and refined petroleum products from Edmonton, Alberta, Canada for marketing terminals and refineries in British Columbia, Canada and the state of Washington. The company was founded by Richard D. Kinder and William V. Morgan on August 23, 2006 and is headquartered in Houston, TX.” [Text can be found here: https://www.marketwatch.com/investing/stock/KMI/profile under company description.]Kinder Morgan, Inc. (KMI) Top Holders
Institutional investors currently hold around $30.56 billion or 65.2% in KMI stock. Look at its top three institutional owners: Vanguard Group Inc owns $3.44 billion in Kinder Morgan, Inc., which represents roughly 7.3% of the company’s market cap and approximately 11.26% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 131,446,324 shares of the stock are valued at $2.79 billion. The third largest holder is State Street Corp, which currently holds $2.09 billion worth of this stock and that ownership represents nearly 4.44% of its market capitalization.Kinder Morgan, Inc. 13F Filings
At the end of March reporting period, 569 institutional holders increased their position in Kinder Morgan, Inc. (NYSE:KMI) by some 113,013,360 shares, 477 decreased positions by 109,020,052 and 156 held positions by 1,217,000,000. That puts total institutional holdings at 1,439,000,000 shares, according to SEC filings. The stock grabbed 112 new institutional investments totaling 8,855,708 shares while 103 institutional investors sold out their entire positions totaling 17,336,127 shares.Kinder Morgan, Inc. (NYSE:KMI) Insider Trades
Multiple company employees have indulged in significant insider trading. Kinder Morgan, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Executive Chairman, 10% Owner KINDER RICHARD D has acquired 300,000 shares of Kinder Morgan, Inc. (KMI) in the trading session dated May. 29, 2019. These shares are worth $5,904,000 and were traded at $19.68 each. The SEC filing shows that KINDER RICHARD D performed a purchase of 300,000 shares. The Executive Chairman, 10% Owner added these shares by way of transaction on May. 13, 2019. The company’s shares were assimilated at $19.53 per share worth to an investment of some $5,859,000 to the account of KINDER RICHARD D.
Executive Chairman, 10% Owner, KINDER RICHARD D, purchased 177,542 common shares of Kinder Morgan, Inc. (KMI) in the open market. In a transaction dated May. 10, 2019, the shares were bought at an average price of $19.43, giving away a sum of $3,449,641. After this purchase, 252,453,722 common shares of KMI are directly owned by the insider, with total stake valued at $5,279,000,000.
In the transaction dated May. 06, 2019, a great number of shares acquired came courtesy the Executive Chairman, 10% Owner; KINDER RICHARD D added a total of 200,000 shares at an average price of $19.47, amounting to approximately $3,894,000. The insider now directly owns 252,276,180 shares worth $5,275,000,000.Kinder Morgan, Inc. (KMI) Analyst Guide
Several analysts have released their opinion on Kinder Morgan, Inc. (NYSE:KMI), with 6 analysts believing it is a strong buy. Whereas 7 of them predict the stock is a hold. Also, there are 8 buy, 0 sell and 1 strong sell ratings, collectively assigning a 2.18 average brokerage recommendation [T1].