Sanibel Captiva Trust Company Inc. Buys Shares of 8,099 Kinder Morgan, Inc. (NYSE:KMI)

Sanibel Captiva Trust Company Inc. acquired a new stake in shares of Kinder Morgan, Inc. (NYSE:KMI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,099 shares of the pipeline company’s stock, valued at approximately $222,000.

A number of other large investors have also made changes to their positions in KMI. Retirement Wealth Solutions LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter worth about $25,000. Modus Advisors LLC acquired a new stake in Kinder Morgan during the 4th quarter worth approximately $27,000. Northwest Investment Counselors LLC acquired a new position in shares of Kinder Morgan in the third quarter valued at approximately $28,000. Planning Capital Management Corp increased its position 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 worth $30,000 after acquiring an additional 797 shares in the last quarter. Finally, HM Payson & Co. raised its holdings 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 worth $32,000 after acquiring an additional 1,145 shares during the period. Institutional investors own 62.52% of the company’s stock.

Insider Buying and Selling at Kinder Morgan

In other news, Director Amy W. Chronis acquired 2,241 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were purchased at an average cost of $24.89 per share, with a total value of $55,778.49. Following the acquisition, the director now directly owns 23,995 shares in the company, valued at $597,235.55. This represents a 10.30 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Thomas A. Martin sold 19,121 shares of Kinder Morgan stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total value of $502,499.88. Following the sale, the president now directly owns 897,652 shares of the company’s stock, valued at $23,590,294.56. This represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,121 shares of company stock worth $1,497,000 over the last ninety days. Insiders own 12.81% of the company’s stock.

Kinder Morgan Stock Performance

Shares of NYSE KMI opened at $30.32 on Monday. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $30.51. The stock has a 50 day moving average of $27.68 and a 200-day moving average of $24.10. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The company has a market capitalization 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.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on KMI shares. Bank of America assumed coverage on Kinder Morgan in a report on Thursday, October 17th. They set a “buy” rating and a $27.00 target price for the company. UBS Group lifted their target price on Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, December 6th. The Goldman Sachs Group upped their price target on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Royal Bank of Canada lifted their price objective 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. Finally, Wells Fargo & Company raised their target price on shares of Kinder Morgan from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $27.00.

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.