Kinder Morgan, Inc. (NYSE:KMI) Stock Holdings Lifted by HB Wealth Management LLC

HB Wealth Management LLC lifted its position in Kinder Morgan, Inc. (NYSE:KMI) by 33.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 70,026 shares of the pipeline company’s stock after buying an additional 17,650 shares during the quarter. HB Wealth Management LLC’s holdings in Kinder Morgan were worth $1,918,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Retirement Wealth Solutions LLC bought a new stake in Kinder Morgan in the 4th quarter valued at $25,000. Modus Advisors LLC bought a new stake in Kinder Morgan in the 4th quarter valued at $27,000. Northwest Investment Counselors LLC bought a new stake in Kinder Morgan in the 3rd quarter valued at $28,000. Planning Capital Management Corp increased its holdings in Kinder Morgan by 143.6% in the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after buying an additional 797 shares during the period. Finally, HM Payson & Co. increased its holdings in Kinder Morgan by 401.8% in the 3rd quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock valued at $32,000 after buying an additional 1,145 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Kinder Morgan news, Director Amy W. Chronis acquired 2,241 shares of Kinder Morgan stock in a transaction on Tuesday, November 5th. The shares were purchased at an average cost of $24.89 per share, with a total value of $55,778.49. Following the completion of the purchase, the director now owns 23,995 shares in the company, valued at $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Thomas A. Martin sold 19,121 shares of the firm’s stock in a transaction that occurred on 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 directly owns 897,652 shares in the company, valued at approximately $23,590,294.56. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,121 shares of company stock valued at $1,497,000 over the last ninety days. Insiders own 12.81% of the company’s stock.

Wall Street Analysts Forecast Growth

KMI has been the topic of several analyst reports. UBS Group boosted their price target 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. The Goldman Sachs Group boosted their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Morgan Stanley set a $26.00 price objective on shares of Kinder Morgan in a report on Friday, October 18th. Scotiabank assumed coverage on Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price target on the stock. Finally, Wells Fargo & Company raised their price target on Kinder Morgan from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Eight 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.

Kinder Morgan Stock Performance

Shares of NYSE:KMI opened at $30.32 on Monday. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $30.51. The stock has a market capitalization 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 business has a 50-day moving average price of $27.68 and a two-hundred day moving average price of $24.10.

Kinder Morgan 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.