LVW Advisors LLC Acquires 1,539 Shares of Kinder Morgan, Inc. (NYSE:KMI)

LVW Advisors LLC grew its position in Kinder Morgan, Inc. (NYSE:KMI) by 7.8% during the 4th quarter, HoldingsChannel reports. The fund owned 21,171 shares of the pipeline company’s stock after purchasing an additional 1,539 shares during the period. LVW Advisors LLC’s holdings in Kinder Morgan were worth $580,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Retirement Wealth Solutions LLC purchased a new stake in Kinder Morgan in the 4th quarter valued at about $25,000. Modus Advisors LLC purchased a new stake in shares of Kinder Morgan during the 4th quarter worth $27,000. Northwest Investment Counselors LLC acquired a new stake in Kinder Morgan in the third quarter valued at approximately $28,000. HWG Holdings LP acquired a new position in Kinder Morgan during the 2nd quarter valued at about $30,000. Finally, Planning Capital Management Corp raised its position 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 valued at $30,000 after purchasing an additional 797 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Price Performance

KMI opened at $30.32 on Tuesday. The stock has a market capitalization of $67.36 billion, a PE 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 quick ratio of 0.35 and a current ratio of 0.46. The company’s 50 day simple moving average is $27.68 and its 200 day simple moving average is $24.13. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 year high of $30.51.

Analyst Ratings Changes

A number of equities analysts have issued reports on KMI shares. Bank of America initiated 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 for the company. UBS Group lifted their price target on shares of Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Truist Financial lifted 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. Scotiabank assumed coverage on shares of Kinder Morgan in a report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price objective for the company. Finally, The Goldman Sachs Group upped their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $27.00.

Insider Buying and Selling

In related news, Director Amy W. Chronis bought 2,241 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were acquired 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 trade represents a 10.30 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Thomas A. Martin sold 18,000 shares of the firm’s 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 completion of the transaction, the president now owns 879,652 shares in the company, valued at approximately $24,049,685.68. The trade was a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 55,121 shares of company stock valued at $1,497,000. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Company 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.