Community Bank & Trust Waco Texas Buys New Holdings in Kinder Morgan, Inc. (NYSE:KMI)

Community Bank & Trust Waco Texas bought a new position in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 41,644 shares of the pipeline company's stock, valued at approximately $920,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMI. Northwest Investment Counselors LLC bought a new position in Kinder Morgan in the 3rd quarter valued at about $28,000. HM Payson & Co. lifted its holdings in Kinder Morgan by 401.8% during the 3rd quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company's stock worth $32,000 after purchasing an additional 1,145 shares during the last quarter. HWG Holdings LP bought a new stake in Kinder Morgan in the 2nd quarter valued at $30,000. ZRC Wealth Management LLC bought a new position in Kinder Morgan during the 3rd quarter worth $36,000. Finally, Pathway Financial Advisers LLC bought a new stake in shares of Kinder Morgan in the first quarter valued at about $30,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, President Thomas A. Martin sold 19,121 shares of the business's 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 transaction, the president now owns 897,652 shares of the company's stock, valued at approximately $23,590,294.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Kinder Morgan news, Director Amy W. Chronis acquired 2,241 shares of the stock in a transaction dated Tuesday, November 5th. The stock was purchased at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the acquisition, the director now owns 23,995 shares in the company, valued at $597,235.55. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, President Thomas A. Martin sold 19,121 shares of the firm's stock in a transaction dated 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 $23,590,294.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.64% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on KMI shares. UBS Group increased their target price on shares of Kinder Morgan from $25.00 to $30.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Barclays increased their price target on 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 upped their target price on Kinder Morgan from $22.00 to $23.00 and gave the company a "hold" rating in a research report on Tuesday, August 27th. The Goldman Sachs Group reaffirmed a "conviction-buy" rating on shares of Kinder Morgan in a research note on Friday, October 18th. Finally, Royal Bank of Canada raised their target price on Kinder Morgan from $24.00 to $26.00 and gave the company a "sector perform" rating in a research note on Tuesday, October 22nd. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Kinder Morgan currently has a consensus rating of "Moderate Buy" and a consensus price target of $25.09.

Kinder Morgan Stock Down 1.2 %

Kinder Morgan stock traded down $0.32 during midday trading on Wednesday, hitting $26.86. 6,961,910 shares of the stock were exchanged, compared to its average volume of 13,875,331. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $59.67 billion, a price-to-earnings ratio of 23.81, a price-to-earnings-growth ratio of 3.74 and a beta of 0.91. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $27.58. The business's 50-day moving average price is $23.51 and its 200-day moving average price is $21.32.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings results 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 the consensus estimate of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. Kinder Morgan's quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS. On average, research analysts expect that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date is Thursday, October 31st. Kinder Morgan's payout ratio is 100.88%.

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.