Kinder Morgan, Inc. (NYSE:KMI) Shares Acquired by Ellsworth Advisors LLC

Ellsworth Advisors LLC lifted its position in Kinder Morgan, Inc. (NYSE:KMI) by 7.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,055 shares of the pipeline company’s stock after purchasing an additional 5,150 shares during the period. Ellsworth Advisors LLC’s holdings in Kinder Morgan were worth $2,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KMI. Retirement Wealth Solutions LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter valued at about $25,000. Modus Advisors LLC purchased a new position in Kinder Morgan during the fourth quarter worth approximately $27,000. Northwest Investment Counselors LLC acquired a new stake in Kinder Morgan in the third quarter valued at approximately $28,000. Planning Capital Management Corp increased its position in shares of Kinder Morgan by 143.6% in the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after buying an additional 797 shares in the last quarter. Finally, HM Payson & Co. lifted its position in shares of Kinder Morgan by 401.8% during the 3rd quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock valued at $32,000 after buying an additional 1,145 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $30.32 on Monday. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The company has a 50-day moving average price of $27.68 and a 200 day moving average price of $24.10. Kinder Morgan, Inc. has a 12-month low of $16.47 and a 12-month high of $30.51. The stock has a market cap of $67.36 billion, a P/E ratio of 26.59, a PEG ratio of 3.71 and a beta of 0.94.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis bought 2,241 shares of Kinder Morgan stock in a transaction on Tuesday, November 5th. The shares were bought at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the transaction, the director now directly owns 23,995 shares of the company’s stock, valued at $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total value of $492,120.00. Following the transaction, the president now owns 879,652 shares of the company’s stock, valued at approximately $24,049,685.68. This represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,121 shares of company stock worth $1,497,000 in the last 90 days. Insiders own 12.81% of the company’s stock.

Analyst Upgrades and Downgrades

KMI has been the subject of several recent analyst reports. Morgan Stanley set a $26.00 price target on shares of Kinder Morgan in a report on Friday, October 18th. Wells Fargo & Company upped their price target 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. Royal Bank of Canada lifted their price objective on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. Scotiabank started coverage on Kinder Morgan in a report on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price for the company. Finally, Bank of America assumed coverage on Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 price target for the company. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $27.00.

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.