Atomi Financial Group Inc. Acquires 5,115 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Atomi Financial Group Inc. increased its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 7.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,953 shares of the pipeline company’s stock after buying an additional 5,115 shares during the period. Atomi Financial Group Inc.’s holdings in Kinder Morgan were worth $1,917,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Alpha Cubed Investments LLC acquired a new position in shares of Kinder Morgan in the 4th quarter valued at $264,000. Clear Harbor Asset Management LLC acquired a new position in Kinder Morgan in the fourth quarter valued at about $387,000. Segment Wealth Management LLC boosted its holdings in Kinder Morgan by 2.7% during the fourth quarter. Segment Wealth Management LLC now owns 25,962 shares of the pipeline company’s stock worth $711,000 after buying an additional 680 shares during the last quarter. Royal Fund Management LLC grew its position in shares of Kinder Morgan by 104.7% during the 4th quarter. Royal Fund Management LLC now owns 96,818 shares of the pipeline company’s stock worth $2,654,000 after buying an additional 49,529 shares during the period. Finally, Ballentine Partners LLC raised its position in shares of Kinder Morgan by 10.3% in the 4th quarter. Ballentine Partners LLC now owns 15,875 shares of the pipeline company’s stock valued at $435,000 after acquiring an additional 1,485 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Amy W. Chronis bought 2,241 shares of the company’s stock in a transaction that occurred on 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 completion of the acquisition, the director now owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. The trade was a 10.30 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Thomas A. Martin sold 19,121 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total value of $502,499.88. Following the completion of the transaction, the president now owns 897,652 shares of the company’s stock, valued at approximately $23,590,294.56. This represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,121 shares of company stock worth $1,497,000. 12.81% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on KMI shares. Royal Bank of Canada increased their target price on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. Bank of America started coverage on Kinder Morgan in a report on Thursday, October 17th. They set a “buy” rating and a $27.00 target price on the stock. UBS Group increased their price target on Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Truist Financial lifted their price objective on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, October 17th. Finally, Scotiabank initiated coverage on Kinder Morgan in a research note on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price for the company. Eight equities 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’s stock. According to MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and an average price target of $27.00.

Kinder Morgan Price Performance

Shares of KMI opened at $31.20 on Wednesday. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a twelve month low of $16.47 and a twelve month high of $31.48. The stock has a market capitalization of $69.31 billion, a P/E ratio of 27.37, a P/E/G ratio of 3.97 and a beta of 0.94. The company has a 50 day moving average of $27.74 and a 200-day moving average of $24.20.

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.