Gilman Hill Asset Management LLC Has $6.65 Million Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Gilman Hill Asset Management LLC lowered its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 18.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 242,561 shares of the pipeline company's stock after selling 55,175 shares during the period. Kinder Morgan comprises about 1.2% of Gilman Hill Asset Management LLC's portfolio, making the stock its 27th largest holding. Gilman Hill Asset Management LLC's holdings in Kinder Morgan were worth $6,646,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in KMI. Duquesne Family Office LLC lifted its position in shares of 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 valued at $134,185,000 after buying an additional 2,872,665 shares in the last quarter. Barclays PLC lifted its holdings in Kinder Morgan by 39.9% during the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company's stock valued at $180,833,000 after purchasing an additional 2,334,273 shares in the last quarter. National Bank of Canada FI grew its position in shares of Kinder Morgan by 295.5% in 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 purchasing an additional 2,194,489 shares during the period. International Assets Investment Management LLC increased its stake in shares of 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 worth $47,817,000 after purchasing an additional 2,053,612 shares in the last quarter. 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 valued at $154,409,000 after buying an additional 1,328,082 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 19,121 shares of Kinder Morgan stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total value of $502,499.88. Following the sale, the president now directly owns 897,652 shares in the company, valued at $23,590,294.56. This trade represents a 2.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Amy W. Chronis acquired 2,241 shares of the company's stock in a transaction dated Tuesday, November 5th. The stock was purchased at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the purchase, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. This represents a 10.30 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 55,121 shares of company stock valued at $1,497,000. Corporate insiders own 12.64% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Scotiabank assumed coverage on shares of 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. Barclays boosted their price objective on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an "equal weight" rating in a report on Thursday. Wells Fargo & Company increased their target price 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. Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a report on Friday, October 18th. Finally, Bank of America initiated coverage on Kinder Morgan in a research note on Thursday, October 17th. They issued a "buy" rating and a $27.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $27.00.

Kinder Morgan Stock Up 0.9 %

KMI traded up $0.26 on Monday, reaching $30.32. The company's stock had a trading volume of 15,710,662 shares, compared to its average volume of 10,053,223. The business's 50 day moving average is $27.68 and its 200 day moving average is $24.13. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 year high of $30.51. The stock has a market cap of $67.36 billion, a price-to-earnings ratio of 26.59, a price-to-earnings-growth ratio of 3.71 and a beta of 0.94. 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.