City Holding Co. Grows Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

City Holding Co. increased its stake in Kinder Morgan, Inc. (NYSE:KMI) by 324.6% during the 4th quarter, HoldingsChannel reports. The firm owned 2,399 shares of the pipeline company’s stock after buying an additional 1,834 shares during the period. City Holding Co.’s holdings in Kinder Morgan were worth $66,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in KMI. Ellsworth Advisors LLC grew its holdings in shares of Kinder Morgan by 7.3% in the fourth quarter. Ellsworth Advisors LLC now owns 76,055 shares of the pipeline company’s stock worth $2,084,000 after acquiring an additional 5,150 shares during the period. Annex Advisory Services LLC bought a new stake in shares of Kinder Morgan during the 4th quarter valued at about $339,000. Steigerwald Gordon & Koch Inc. increased its position in shares of Kinder Morgan by 2.0% during the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 669,849 shares of the pipeline company’s stock valued at $18,354,000 after purchasing an additional 13,406 shares during the last quarter. Aaron Wealth Advisors LLC bought a new position in shares of Kinder Morgan in the 4th quarter worth approximately $218,000. Finally, HB Wealth Management LLC boosted its holdings in shares of Kinder Morgan by 33.7% in the fourth quarter. HB Wealth Management LLC now owns 70,026 shares of the pipeline company’s stock worth $1,918,000 after buying an additional 17,650 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on KMI shares. Wells Fargo & Company lifted their price target 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. UBS Group boosted their price target on Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a report on Friday, December 6th. Barclays raised their price objective on Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Scotiabank started coverage on Kinder Morgan in a research note on Friday, January 10th. They set a “sector perform” rating and a $26.00 price objective for the company. Finally, Royal Bank of Canada raised their target price on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 22nd. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $27.00.

Insider Buying and Selling at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the transaction, the president now directly owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. This trade represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Amy W. Chronis purchased 2,241 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were acquired at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the purchase, the director now owns 23,995 shares of the company’s stock, valued at $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 55,121 shares of company stock worth $1,497,000 in the last quarter. 12.64% of the stock is owned by corporate insiders.

Kinder Morgan Trading Up 0.9 %

Shares of Kinder Morgan stock opened at $30.32 on Tuesday. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The firm 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. Kinder Morgan, Inc. has a twelve month low of $16.47 and a twelve month high of $30.51. The business has a 50-day moving average price of $27.68 and a 200-day moving average price of $24.13.

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.