Fort Washington Investment Advisors Inc. OH Purchases 247,099 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 15.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,864,723 shares of the pipeline company’s stock after acquiring an additional 247,099 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Kinder Morgan were worth $51,093,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of KMI. Retirement Wealth Solutions LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter worth $25,000. Modus Advisors LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at about $27,000. Northwest Investment Counselors LLC bought a new stake in shares of Kinder Morgan during the third quarter valued at approximately $28,000. HWG Holdings LP bought a new stake in Kinder Morgan during the 2nd quarter valued at $30,000. Finally, Planning Capital Management Corp raised its holdings in shares of 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. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

KMI opened at $31.20 on Wednesday. Kinder Morgan, Inc. has a 12-month low of $16.47 and a 12-month high of $31.48. The company has a market cap of $69.31 billion, a price-to-earnings ratio of 27.37, a PEG ratio of 3.97 and a beta of 0.94. 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’s 50 day moving average is $27.74 and its 200 day moving average is $24.20.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on KMI shares. Bank of America started coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 price target on the stock. UBS Group upped their price target on Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, December 6th. The Goldman Sachs Group raised their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Truist Financial lifted their target price on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, October 17th. Finally, Royal Bank of Canada upped their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. Eight research 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 MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $27.00.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total transaction of $492,120.00. Following the transaction, the president now directly owns 879,652 shares of the company’s stock, valued at $24,049,685.68. The trade was a 2.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Amy W. Chronis bought 2,241 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average cost of $24.89 per share, with a total value of $55,778.49. Following the completion of the acquisition, the director now directly owns 23,995 shares in the company, valued at $597,235.55. This represents a 10.30 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 55,121 shares of company stock worth $1,497,000 in the last 90 days. 12.81% of the stock is currently owned by insiders.

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.