Community Bank & Trust Waco Texas Has $1.57 Million Stock Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Community Bank & Trust Waco Texas lifted its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 37.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 57,171 shares of the pipeline company’s stock after purchasing an additional 15,527 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Kinder Morgan were worth $1,566,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Stonebridge Financial Group LLC acquired a new position in shares of Kinder Morgan in the 4th quarter valued at approximately $48,000. Armor Investment Advisors LLC grew its position in shares of Kinder Morgan by 3.2% in the 4th quarter. Armor Investment Advisors LLC now owns 64,114 shares of the pipeline company’s stock valued at $1,757,000 after purchasing an additional 1,965 shares during the period. Focus Financial Network Inc. grew its position in shares of Kinder Morgan by 7.3% in the 4th quarter. Focus Financial Network Inc. now owns 14,674 shares of the pipeline company’s stock valued at $402,000 after purchasing an additional 997 shares during the period. Summit Trail Advisors LLC boosted its position in Kinder Morgan by 34.5% during the 4th quarter. Summit Trail Advisors LLC now owns 38,451 shares of the pipeline company’s stock worth $1,054,000 after acquiring an additional 9,873 shares during the last quarter. Finally, Global Wealth Management Investment Advisory Inc. boosted its position in Kinder Morgan by 8.7% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 49,744 shares of the pipeline company’s stock worth $1,363,000 after acquiring an additional 4,001 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Barclays upped their price target on Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Scotiabank initiated coverage on Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price target for the company. Truist Financial upped their price objective on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Royal Bank of Canada upped their price objective on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 22nd. Finally, Mizuho upped their price objective on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $29.14.

Kinder Morgan Trading Up 0.1 %

Shares of KMI stock opened at $27.07 on Tuesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.49. Kinder Morgan, Inc. has a fifty-two week low of $16.47 and a fifty-two week high of $31.48. The stock has a 50 day simple moving average of $27.89 and a two-hundred day simple moving average of $24.96. The company has a market cap of $60.14 billion, a P/E ratio of 23.14, a PEG ratio of 3.16 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. Research analysts forecast that Kinder Morgan, Inc. will post 1.23 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.25%. Kinder Morgan’s payout ratio is 98.29%.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total transaction of $492,120.00. Following the transaction, the president now owns 879,652 shares of the company’s stock, valued at $24,049,685.68. The trade was a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 54,000 shares of company stock valued at $1,493,100 over the last 90 days. Insiders own 12.64% of the company’s stock.

Kinder Morgan Company 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.