Kinder Morgan, Inc. (NYSE:KMI) Shares Bought by Bridgewater Advisors Inc.

Bridgewater Advisors Inc. raised its stake in shares of Kinder Morgan, Inc. (NYSE:KMI) by 4.9% during the fourth quarter, HoldingsChannel reports. The firm owned 16,428 shares of the pipeline company’s stock after purchasing an additional 767 shares during the quarter. Bridgewater Advisors Inc.’s holdings in Kinder Morgan were worth $478,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its stake in shares of Kinder Morgan by 116.1% in the fourth quarter. UMB Bank n.a. now owns 210,645 shares of the pipeline company’s stock worth $5,772,000 after acquiring an additional 113,173 shares during the period. Strong Tower Advisory Services grew its stake in shares of Kinder Morgan by 3.5% during the 4th 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 purchased a new stake in shares of Kinder Morgan during the 4th quarter worth about $419,000. LVW Advisors LLC raised its holdings in Kinder Morgan by 7.8% in the 4th quarter. LVW Advisors LLC now owns 21,171 shares of the pipeline company’s stock worth $580,000 after purchasing an additional 1,539 shares during the period. Finally, Smart Money Group LLC purchased a new position in Kinder Morgan during the fourth quarter worth approximately $318,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the sale, the president now owns 861,652 shares in the company, valued at $24,048,707.32. This represents a 2.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amy W. Chronis acquired 2,241 shares of the stock in a transaction 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 completion of the transaction, the director now directly owns 23,995 shares in the company, valued at $597,235.55. The trade was a 10.30 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 55,121 shares of company stock valued at $1,497,000 in the last ninety days. Insiders own 12.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Kinder Morgan from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Morgan Stanley set a $26.00 price target on shares of Kinder Morgan in a research note on Friday, October 18th. Royal Bank of Canada increased their target price on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a report on Tuesday, October 22nd. Bank of America assumed coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They issued a “buy” rating and a $27.00 price target on the stock. Finally, Scotiabank assumed coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price on the stock. 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $27.00.

Kinder Morgan Trading Up 0.9 %

NYSE:KMI opened at $30.32 on Monday. The stock has a 50-day simple moving average of $27.68 and a 200-day simple moving average of $24.10. The stock 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. Kinder Morgan, Inc. has a 1 year low of $16.47 and a 1 year high of $30.51. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46.

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.