11,601 Shares in Kinder Morgan, Inc. (NYSE:KMI) Purchased by Smart Money Group LLC

Smart Money Group LLC acquired a new stake in Kinder Morgan, Inc. (NYSE:KMI) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 11,601 shares of the pipeline company’s stock, valued at approximately $318,000.

A number of other institutional investors also recently modified their holdings of KMI. City Holding Co. raised its position in Kinder Morgan by 324.6% in the 4th quarter. City Holding Co. now owns 2,399 shares of the pipeline company’s stock worth $66,000 after purchasing an additional 1,834 shares during the last quarter. Ellsworth Advisors LLC raised its position in shares of Kinder Morgan by 7.3% during the fourth quarter. Ellsworth Advisors LLC now owns 76,055 shares of the pipeline company’s stock worth $2,084,000 after acquiring an additional 5,150 shares during the last quarter. Annex Advisory Services LLC acquired a new position in shares of Kinder Morgan during the fourth quarter valued at $339,000. Steigerwald Gordon & Koch Inc. boosted its holdings in Kinder Morgan by 2.0% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 669,849 shares of the pipeline company’s stock valued at $18,354,000 after acquiring an additional 13,406 shares during the last quarter. Finally, Aaron Wealth Advisors LLC acquired a new stake in Kinder Morgan in the fourth quarter worth about $218,000. 62.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on KMI. UBS Group increased their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a report on Friday, December 6th. Morgan Stanley set a $26.00 price target on Kinder Morgan in a research note on Friday, October 18th. Bank of America began coverage on Kinder Morgan in a research report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price target on the stock. Barclays increased their target price on Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Royal Bank of Canada boosted their target price on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $27.00.

Insider Activity at Kinder Morgan

In related news, Director Amy W. Chronis bought 2,241 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was bought at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the purchase, the director now owns 23,995 shares in the company, valued at $597,235.55. This represents a 10.30 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Thomas A. Martin sold 19,121 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total transaction of $502,499.88. Following the completion of the transaction, the president now owns 897,652 shares in the company, valued at approximately $23,590,294.56. This trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,121 shares of company stock worth $1,497,000. Insiders own 12.81% of the company’s stock.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $30.32 on Monday. The stock has a market cap of $67.36 billion, a P/E ratio of 26.59, a P/E/G ratio of 3.71 and a beta of 0.94. The company has a fifty day moving average price of $27.68 and a two-hundred day moving average price of $24.10. Kinder Morgan, Inc. has a one year low of $16.47 and a one year high of $30.51. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35.

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.