Clear Harbor Asset Management LLC Makes New $387,000 Investment in Kinder Morgan, Inc. (NYSE:KMI)

Clear Harbor Asset Management LLC bought a new stake in Kinder Morgan, Inc. (NYSE:KMI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 14,108 shares of the pipeline company’s stock, valued at approximately $387,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Retirement Wealth Solutions LLC bought a new stake in Kinder Morgan during the fourth quarter worth $25,000. Modus Advisors LLC acquired a new position 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 about $28,000. HWG Holdings LP bought a new position in Kinder Morgan in the second quarter valued at about $30,000. Finally, Planning Capital Management Corp raised its stake in Kinder Morgan by 143.6% during the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 797 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on KMI shares. Royal Bank of Canada lifted their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a report on Tuesday, October 22nd. Barclays upped their price target on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Morgan Stanley set a $26.00 price objective on Kinder Morgan in a report on Friday, October 18th. Bank of America began coverage on Kinder Morgan in a report on Thursday, October 17th. They issued a “buy” rating and a $27.00 target price for the company. Finally, The Goldman Sachs Group lifted their price target on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Eight analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $27.00.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 19,121 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total transaction of $502,499.88. Following the completion of the sale, the president now directly owns 897,652 shares in the company, valued at approximately $23,590,294.56. This trade represents a 2.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Amy W. Chronis acquired 2,241 shares of the company’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 purchase, the director now directly owns 23,995 shares in the company, 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 sold a total of 55,121 shares of company stock worth $1,497,000 over the last three months. 12.81% of the stock is owned by company insiders.

Kinder Morgan Stock Up 2.9 %

Kinder Morgan stock opened at $31.20 on Wednesday. The firm has a market cap 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 firm has a 50 day moving average price of $27.74 and a two-hundred day moving average price of $24.20.

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.