Traphagen Investment Advisors LLC Sells 1,558 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Traphagen Investment Advisors LLC lessened its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 15.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,464 shares of the pipeline company’s stock after selling 1,558 shares during the period. Traphagen Investment Advisors LLC’s holdings in Kinder Morgan were worth $232,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in KMI. Simon Quick Advisors LLC lifted its stake in Kinder Morgan by 13.6% in the 4th quarter. Simon Quick Advisors LLC now owns 10,327 shares of the pipeline company’s stock valued at $283,000 after purchasing an additional 1,234 shares during the last quarter. MCF Advisors LLC lifted its stake in shares of Kinder Morgan by 8.5% in the 4th quarter. MCF Advisors LLC now owns 6,829 shares of the pipeline company’s stock valued at $187,000 after acquiring an additional 537 shares during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Kinder Morgan by 15.3% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 1,864,723 shares of the pipeline company’s stock valued at $51,093,000 after acquiring an additional 247,099 shares in the last quarter. Atomi Financial Group Inc. grew its position in Kinder Morgan by 7.9% during the 4th quarter. Atomi Financial Group Inc. now owns 69,953 shares of the pipeline company’s stock worth $1,917,000 after acquiring an additional 5,115 shares during the last quarter. Finally, Alpha Cubed Investments LLC acquired a new position in Kinder Morgan in the 4th quarter worth about $264,000. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $31.20 on Wednesday. The stock has a market capitalization of $69.31 billion, a price-to-earnings ratio of 27.37, a PEG ratio of 3.97 and a beta of 0.94. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $31.48. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. The stock’s 50 day moving average price is $27.74 and its two-hundred day moving average price is $24.20.

Insider Buying and Selling

In other Kinder Morgan news, President Thomas A. Martin sold 19,121 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total value of $502,499.88. Following the completion of the sale, the president now owns 897,652 shares of the company’s stock, valued at approximately $23,590,294.56. This trade represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Amy W. Chronis bought 2,241 shares of the stock in a transaction dated Tuesday, November 5th. The shares were purchased at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the transaction, the director now directly owns 23,995 shares of the company’s stock, valued at $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 55,121 shares of company stock valued at $1,497,000 over the last ninety days. 12.81% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

KMI has been the topic of several research reports. Morgan Stanley set a $26.00 price target on Kinder Morgan in a report on Friday, October 18th. UBS Group upped their price target on shares of Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Scotiabank started coverage on shares of Kinder Morgan in a report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price target on the stock. Wells Fargo & Company increased their price objective on Kinder Morgan from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Finally, Truist Financial lifted their target price on Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.

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.