City Holding Co. Boosts Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

City Holding Co. lifted its stake in Kinder Morgan, Inc. (NYSE:KMI) by 324.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,399 shares of the pipeline company’s stock after buying an additional 1,834 shares during the period. City Holding Co.’s holdings in Kinder Morgan were worth $66,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of KMI. Retirement Wealth Solutions LLC purchased a new position in Kinder Morgan in the 4th quarter worth approximately $25,000. Modus Advisors LLC purchased a new position in shares of Kinder Morgan in the fourth quarter worth $27,000. Northwest Investment Counselors LLC bought a new stake in Kinder Morgan during the 3rd quarter valued at $28,000. Planning Capital Management Corp grew 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 worth $30,000 after acquiring an additional 797 shares during the last quarter. Finally, HM Payson & Co. increased its position in shares of Kinder Morgan by 401.8% in the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock valued at $32,000 after acquiring an additional 1,145 shares during the period. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Up 0.9 %

Kinder Morgan stock opened at $30.32 on Tuesday. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $30.51. The company has a market capitalization 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 business’s fifty day simple moving average is $27.68 and its two-hundred day simple moving average is $24.13. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the transaction, the president now directly owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. The trade was a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Amy W. Chronis purchased 2,241 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were purchased at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the acquisition, the director now owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 55,121 shares of company stock valued at $1,497,000 in the last quarter. 12.64% of the stock is owned by insiders.

Analysts Set New Price Targets

KMI has been the topic of several recent analyst reports. Truist Financial raised their target price on Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday, October 17th. Scotiabank began coverage on Kinder Morgan in a research note on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price on the stock. Morgan Stanley set a $26.00 price target on Kinder Morgan in a research note on Friday, October 18th. The Goldman Sachs Group boosted 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. Finally, Wells Fargo & Company raised their target price on shares of Kinder Morgan from $27.00 to $30.00 and gave the stock an “overweight” rating in a research 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.