Smart Money Group LLC Makes New Investment in Kinder Morgan, Inc. (NYSE:KMI)

Smart Money Group LLC acquired a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 11,601 shares of the pipeline company's stock, valued at approximately $318,000.

Several other large investors also recently modified their holdings of the stock. City Holding Co. increased its position in shares of Kinder Morgan by 324.6% during 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 in the last quarter. Ellsworth Advisors LLC grew its stake in 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 buying an additional 5,150 shares during the last quarter. Annex Advisory Services LLC bought a new position in shares of Kinder Morgan in the fourth quarter valued at approximately $339,000. Steigerwald Gordon & Koch Inc. boosted its holdings in shares of Kinder Morgan by 2.0% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 669,849 shares of the pipeline company's stock worth $18,354,000 after acquiring an additional 13,406 shares in the last quarter. Finally, Aaron Wealth Advisors LLC bought a new stake in Kinder Morgan during the 4th quarter worth approximately $218,000. 62.52% of the stock is currently owned by institutional investors.

Insider Activity at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the sale, the president now owns 861,652 shares of the company's stock, valued at $24,048,707.32. This represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Amy W. Chronis bought 2,241 shares of the stock in a transaction on Tuesday, November 5th. The shares were purchased at an average price of $24.89 per share, with a total value of $55,778.49. Following the acquisition, the director now 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. Over the last 90 days, insiders sold 55,121 shares of company stock worth $1,497,000. 12.64% of the stock is currently owned by company insiders.

Kinder Morgan Trading Up 0.9 %

NYSE KMI traded up $0.26 on Monday, reaching $30.32. The company had a trading volume of 15,710,662 shares, compared to its average volume of 10,053,223. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $30.51. The stock has a market cap of $67.36 billion, a price-to-earnings ratio of 26.59, a PEG ratio of 3.71 and a beta of 0.94. The stock's 50 day moving average is $27.68 and its 200-day moving average is $24.13.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on KMI shares. Barclays lifted their price objective on Kinder Morgan from $27.00 to $31.00 and gave the company an "equal weight" rating in a research report on Thursday. Truist Financial upped their price target on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a "hold" rating in a research report on Thursday, October 17th. The Goldman Sachs Group raised their price objective 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. Scotiabank started coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They issued a "sector perform" rating and a $26.00 target price for the company. Finally, Royal Bank of Canada increased their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a "sector perform" rating in a research note 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 issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.00.

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.