Traphagen Investment Advisors LLC Has $232,000 Stake in Kinder Morgan, Inc. (NYSE:KMI)

Traphagen Investment Advisors LLC cut its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 15.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,464 shares of the pipeline company’s stock after selling 1,558 shares during the quarter. Traphagen Investment Advisors LLC’s holdings in Kinder Morgan were worth $232,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Kayne Anderson Capital Advisors LP grew its stake in shares of Kinder Morgan by 0.7% during the third quarter. Kayne Anderson Capital Advisors LP now owns 10,550,002 shares of the pipeline company’s stock worth $233,050,000 after purchasing an additional 69,307 shares during the period. Barclays PLC grew its position in shares of Kinder Morgan by 39.9% during the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock worth $180,833,000 after buying an additional 2,334,273 shares during the period. Marshall Wace LLP raised its position in shares of 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 acquiring an additional 1,328,082 shares during the period. Bank of Montreal Can boosted its stake in Kinder Morgan by 2.2% during the 3rd quarter. Bank of Montreal Can now owns 7,485,834 shares of the pipeline company’s stock worth $163,116,000 after acquiring an additional 164,152 shares during the last quarter. Finally, Duquesne Family Office LLC grew its holdings in Kinder Morgan by 74.0% during the second quarter. Duquesne Family Office LLC now owns 6,753,165 shares of the pipeline company’s stock valued at $134,185,000 after purchasing an additional 2,872,665 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Insider Activity

In other news, Director Amy W. Chronis acquired 2,241 shares of Kinder Morgan 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 completion of the acquisition, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. The trade was a 10.30 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Thomas A. Martin sold 19,121 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total value 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. This represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,121 shares of company stock valued at $1,497,000. 12.81% of the stock is owned by insiders.

Kinder Morgan Stock Performance

Shares of NYSE KMI opened at $31.20 on Wednesday. The stock has a market capitalization of $69.31 billion, a PE ratio of 27.37, a price-to-earnings-growth ratio of 3.97 and a beta of 0.94. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $31.48. The stock has a 50 day moving average price of $27.74 and a 200 day moving average price of $24.20. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46.

Analyst Ratings Changes

KMI has been the topic of a number of recent analyst reports. Barclays lifted their price target on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Royal Bank of Canada increased their price target on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group lifted their price objective on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a report on Friday, October 18th. Finally, Wells Fargo & Company lifted their price target on shares of Kinder Morgan from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Eight analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.