Community Bank & Trust Waco Texas Acquires Shares of 41,644 Kinder Morgan, Inc. (NYSE:KMI)

Community Bank & Trust Waco Texas acquired a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 41,644 shares of the pipeline company’s stock, valued at approximately $920,000.

Several other large investors also recently added to or reduced their stakes in KMI. Headlands Technologies LLC acquired a new stake in shares of Kinder Morgan during the 1st quarter worth approximately $100,000. Bleakley Financial Group LLC boosted its position in shares of Kinder Morgan by 5.3% during the 1st quarter. Bleakley Financial Group LLC now owns 27,027 shares of the pipeline company’s stock worth $496,000 after purchasing an additional 1,360 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Kinder Morgan by 14.5% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 192,079 shares of the pipeline company’s stock valued at $3,523,000 after purchasing an additional 24,396 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in Kinder Morgan by 3.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 2,281,455 shares of the pipeline company’s stock valued at $39,948,000 after purchasing an additional 74,396 shares during the period. Finally, Angeles Wealth Management LLC purchased a new position in shares of Kinder Morgan during the first quarter worth $203,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, President Thomas A. Martin sold 19,121 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total transaction of $502,499.88. Following the transaction, the president now owns 897,652 shares in the company, valued at $23,590,294.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Kinder Morgan news, President Thomas A. Martin sold 19,121 shares of Kinder Morgan stock in a transaction 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 transaction, the president now directly owns 897,652 shares in the company, valued at approximately $23,590,294.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Amy W. Chronis bought 2,241 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were acquired at an average price of $24.89 per share, with a total value of $55,778.49. Following the purchase, the director now directly owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 12.81% of the company’s stock.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $27.18 on Wednesday. The stock’s 50-day simple moving average is $23.39 and its 200-day simple moving average is $21.26. The firm has a market capitalization of $60.38 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 3.75 and a beta of 0.91. Kinder Morgan, Inc. has a fifty-two week low of $16.34 and a fifty-two week high of $27.58. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.02). The company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS. As a group, equities research analysts forecast that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend is Thursday, October 31st. Kinder Morgan’s payout ratio is 100.88%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wells Fargo & Company increased their target price on Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Argus raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Friday, July 19th. Barclays increased their target price on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Stifel Nicolaus boosted their price target on shares of Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a research note on Tuesday, August 27th. Finally, Morgan Stanley set a $26.00 target price on Kinder Morgan in a report on Friday, October 18th. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.09.

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.