Segment Wealth Management LLC Raises Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Segment Wealth Management LLC raised its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 2.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 25,962 shares of the pipeline company’s stock after purchasing an additional 680 shares during the period. Segment Wealth Management LLC’s holdings in Kinder Morgan were worth $711,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Retirement Wealth Solutions LLC acquired a new position in Kinder Morgan in the fourth quarter valued at about $25,000. Modus Advisors LLC acquired a new position in shares of Kinder Morgan in the 4th quarter worth approximately $27,000. Northwest Investment Counselors LLC purchased a new position in shares of Kinder Morgan during the 3rd quarter worth approximately $28,000. HWG Holdings LP purchased a new stake in Kinder Morgan in the second quarter valued at approximately $30,000. Finally, Planning Capital Management Corp boosted its position in shares of Kinder Morgan by 143.6% during the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after buying an additional 797 shares during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wells Fargo & Company increased their target price on Kinder Morgan from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. UBS Group raised their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a research note on Friday, October 18th. Scotiabank assumed coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price target for the company. Finally, Bank of America started coverage on Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $27.00.

Kinder Morgan Stock Up 0.9 %

Kinder Morgan stock opened at $30.32 on Tuesday. The stock has a market cap of $67.36 billion, a PE ratio of 26.59, a P/E/G ratio of 3.97 and a beta of 0.94. 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 stock’s fifty day moving average is $27.68 and its two-hundred day moving average is $24.13. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $30.51.

Insider Transactions at Kinder Morgan

In related news, Director Amy W. Chronis acquired 2,241 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were bought at an average price of $24.89 per share, with a total value of $55,778.49. Following the completion of the acquisition, the director now owns 23,995 shares in the company, valued at $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total transaction of $492,120.00. Following the sale, the president now owns 879,652 shares of the company’s stock, valued at $24,049,685.68. This represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,121 shares of company stock valued at $1,497,000. Corporate insiders own 12.81% of the company’s stock.

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.