Ellsworth Advisors LLC Grows Stake in Kinder Morgan, Inc. (NYSE:KMI)

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

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KMI. Sunflower Bank N.A. lifted its position in shares of Kinder Morgan by 3.6% during the 4th quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company’s stock worth $288,000 after buying an additional 367 shares during the last quarter. Ignite Planners LLC lifted its position in Kinder Morgan by 3.9% in the fourth quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company’s stock valued at $282,000 after acquiring an additional 372 shares during the last quarter. Eagle Bay Advisors LLC boosted its stake in Kinder Morgan by 8.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company’s stock valued at $142,000 after acquiring an additional 385 shares in the last quarter. Sunbelt Securities Inc. grew its holdings in shares of Kinder Morgan by 0.5% during the third quarter. Sunbelt Securities Inc. now owns 90,560 shares of the pipeline company’s stock worth $2,000,000 after purchasing an additional 414 shares during the last quarter. Finally, SignalPoint Asset Management LLC increased its position in shares of Kinder Morgan by 1.5% during the third quarter. SignalPoint Asset Management LLC now owns 30,059 shares of the pipeline company’s stock worth $655,000 after purchasing an additional 447 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on KMI shares. Truist Financial raised their price target on Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday, October 17th. UBS Group lifted their target price on shares of Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a report on Friday, December 6th. The Goldman Sachs Group increased their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Royal Bank of Canada lifted their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company increased their target price on shares of Kinder Morgan from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $27.00.

Kinder Morgan Price Performance

Shares of NYSE KMI 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’s 50-day moving average price is $27.68 and its 200 day moving average price is $24.10. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $30.51. The stock has a market cap of $67.36 billion, a price-to-earnings ratio of 26.59, a PEG ratio of 3.71 and a beta of 0.94.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total value of $492,120.00. Following the transaction, the president now directly owns 879,652 shares in the company, valued at approximately $24,049,685.68. This represents a 2.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Amy W. Chronis acquired 2,241 shares of the business’s stock in a transaction dated 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 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 disclosure for this purchase can be found here. Insiders have sold 55,121 shares of company stock valued at $1,497,000 over the last quarter. Corporate 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.