Solidarity Wealth LLC Trims Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Solidarity Wealth LLC decreased its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 28.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 10,877 shares of the pipeline company’s stock after selling 4,226 shares during the quarter. Solidarity Wealth LLC’s holdings in Kinder Morgan were worth $298,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Retirement Wealth Solutions LLC purchased a new position in shares of Kinder Morgan during the fourth quarter valued at $25,000. Modus Advisors LLC purchased a new position in shares of Kinder Morgan during the fourth quarter valued at $27,000. Northwest Investment Counselors LLC purchased a new position in shares of Kinder Morgan during the third quarter valued at $28,000. Planning Capital Management Corp increased its stake in shares of Kinder Morgan by 143.6% during the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after buying an additional 797 shares during the period. Finally, HM Payson & Co. increased its stake in shares of Kinder Morgan by 401.8% during the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock valued at $32,000 after buying an additional 1,145 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Wall Street Analysts Forecast Growth

KMI has been the topic of several research reports. Royal Bank of Canada raised their price target on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company lifted their target price on Kinder Morgan from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Scotiabank started coverage on 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. Bank of America started coverage on Kinder Morgan in a research note on Thursday, October 17th. They issued a “buy” rating and a $27.00 target price on the stock. Finally, Barclays lifted 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, January 16th. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and an average price target of $27.00.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis acquired 2,241 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was 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 of the company’s stock, valued at $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction that occurred 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 sale, the president now owns 861,652 shares of the company’s stock, valued at $24,048,707.32. This trade represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,121 shares of company stock valued at $1,497,000. 12.81% of the stock is owned by company insiders.

Kinder Morgan Trading Up 0.9 %

Shares of NYSE:KMI opened at $30.32 on Tuesday. Kinder Morgan, Inc. has a 12-month low of $16.47 and a 12-month high of $30.51. The company has a market capitalization of $67.36 billion, a PE ratio of 26.59, a PEG ratio of 3.97 and a beta of 0.94. The business has a 50 day moving average of $27.68 and a two-hundred day moving average of $24.13. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95.

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.