Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by Royal Fund Management LLC

Royal Fund Management LLC lifted its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 104.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 96,818 shares of the pipeline company’s stock after purchasing an additional 49,529 shares during the period. Royal Fund Management LLC’s holdings in Kinder Morgan were worth $2,654,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Ballentine Partners LLC raised its holdings in shares of Kinder Morgan by 10.3% during the 4th quarter. Ballentine Partners LLC now owns 15,875 shares of the pipeline company’s stock worth $435,000 after acquiring an additional 1,485 shares during the period. Central Bank & Trust Co. raised its stake in Kinder Morgan by 2.4% during the fourth quarter. Central Bank & Trust Co. now owns 62,018 shares of the pipeline company’s stock worth $1,699,000 after purchasing an additional 1,449 shares during the period. Harbor Investment Advisory LLC boosted its holdings in Kinder Morgan by 65.6% in the 4th quarter. Harbor Investment Advisory LLC now owns 1,540 shares of the pipeline company’s stock valued at $42,000 after purchasing an additional 610 shares during the last quarter. Bridgewater Advisors Inc. increased its holdings in shares of Kinder Morgan by 4.9% during the 4th quarter. Bridgewater Advisors Inc. now owns 16,428 shares of the pipeline company’s stock worth $478,000 after buying an additional 767 shares during the last quarter. Finally, UMB Bank n.a. raised its position in shares of Kinder Morgan by 116.1% during the 4th quarter. UMB Bank n.a. now owns 210,645 shares of the pipeline company’s stock valued at $5,772,000 after buying an additional 113,173 shares during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Price Performance

KMI stock opened at $30.32 on Tuesday. The business’s 50-day moving average is $27.68 and its two-hundred day moving average is $24.13. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. The firm has a market capitalization of $67.36 billion, a P/E ratio of 26.59, a P/E/G ratio of 3.97 and a beta of 0.94. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 year high of $30.51.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. UBS Group increased their price objective on Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Scotiabank began coverage on Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price objective for the company. Royal Bank of Canada upped their target price on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. Truist Financial lifted their price target on shares of Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. Finally, Bank of America started coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price objective on the stock. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Kinder Morgan has a consensus rating of “Moderate Buy” and an average price target of $27.00.

Insider Buying and Selling

In other Kinder Morgan news, Director Amy W. Chronis bought 2,241 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were acquired at an average price of $24.89 per share, with a total value of $55,778.49. Following the transaction, 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 acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction that occurred on 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 $24,048,707.32. This trade represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,121 shares of company stock worth $1,497,000. Company insiders own 12.81% of the company’s stock.

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.