Bridgewater Advisors Inc. Has $478,000 Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Bridgewater Advisors Inc. raised its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,428 shares of the pipeline company’s stock after acquiring an additional 767 shares during the period. Bridgewater Advisors Inc.’s holdings in Kinder Morgan were worth $478,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in Kinder Morgan by 116.1% in 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 last quarter. Strong Tower Advisory Services lifted its holdings in shares of Kinder Morgan by 3.5% during the fourth quarter. Strong Tower Advisory Services now owns 89,541 shares of the pipeline company’s stock worth $2,453,000 after purchasing an additional 3,022 shares during the period. Diversify Advisory Services LLC bought a new stake in shares of Kinder Morgan in the fourth quarter worth $419,000. LVW Advisors LLC increased its holdings in Kinder Morgan by 7.8% in the fourth quarter. LVW Advisors LLC now owns 21,171 shares of the pipeline company’s stock valued at $580,000 after purchasing an additional 1,539 shares during the period. Finally, Smart Money Group LLC bought a new position in Kinder Morgan during the 4th quarter worth $318,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Stock Up 0.9 %

Shares of KMI opened at $30.32 on Monday. The stock has a 50 day simple moving average of $27.68 and a two-hundred day simple moving average of $24.10. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 year high of $30.51. The firm has a market cap of $67.36 billion, a P/E ratio of 26.59, a P/E/G ratio of 3.71 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.

Analysts Set New Price Targets

Several brokerages have recently weighed in on KMI. Scotiabank began coverage on Kinder Morgan in a research note on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price target for the company. Truist Financial lifted their target price on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday, October 17th. Wells Fargo & Company boosted their price objective on Kinder Morgan from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Barclays raised their target price on Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Royal Bank of Canada raised their price target 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. Eight analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Kinder Morgan presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.00.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 19,121 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total transaction of $502,499.88. Following the completion of the sale, the president now directly owns 897,652 shares of the company’s stock, valued at approximately $23,590,294.56. This represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amy W. Chronis bought 2,241 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were purchased at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the purchase, the director now 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 a total of 55,121 shares of company stock worth $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.