Kinder Morgan, Inc. (NYSE:KMI) Holdings Raised by Community Bank & Trust Waco Texas

Community Bank & Trust Waco Texas increased its stake in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 37.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 57,171 shares of the pipeline company's stock after acquiring an additional 15,527 shares during the period. Community Bank & Trust Waco Texas' holdings in Kinder Morgan were worth $1,566,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Kinder Morgan by 0.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company's stock valued at $101,422,000 after purchasing an additional 29,861 shares in the last quarter. Global Retirement Partners LLC raised its position in shares of Kinder Morgan by 3.5% in the 3rd quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company's stock valued at $504,000 after purchasing an additional 776 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Kinder Morgan by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company's stock valued at $50,624,000 after purchasing an additional 71,984 shares in the last quarter. Golden State Equity Partners raised its position in shares of Kinder Morgan by 2,507.9% in the 4th quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company's stock valued at $450,000 after purchasing an additional 15,800 shares in the last quarter. Finally, Barclays PLC raised its position in shares of Kinder Morgan by 39.9% in the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company's stock valued at $180,833,000 after purchasing an additional 2,334,273 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Stock Performance

KMI traded up $0.09 during trading on Friday, reaching $26.65. 7,156,140 shares of the company were exchanged, compared to its average volume of 15,839,649. The stock has a market cap of $59.20 billion, a P/E ratio of 22.82, a PEG ratio of 3.16 and a beta of 0.94. The firm has a 50 day moving average of $27.82 and a 200 day moving average of $25.06. The company has a current ratio of 0.49, a quick ratio of 0.35 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 52 week low of $16.51 and a 52 week high of $31.48.

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

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders 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 dividend on an annualized basis and a yield of 4.32%. Kinder Morgan's dividend payout ratio (DPR) is presently 98.29%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Barclays upped their target price on Kinder Morgan from $27.00 to $31.00 and gave the company an "equal weight" rating in a research report on Thursday, January 16th. Scotiabank began coverage on Kinder Morgan in a report on Friday, January 10th. They issued a "sector perform" rating and a $26.00 price target for the company. Mizuho boosted their price target on Kinder Morgan from $31.00 to $33.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Bank of America began coverage on Kinder Morgan in a report on Thursday, October 17th. They issued a "buy" rating and a $27.00 price target for the company. Finally, Truist Financial boosted their price target on Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Nine equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $29.14.

Insiders Place Their Bets

In other news, President Thomas A. Martin sold 18,000 shares of the company's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total value of $492,120.00. Following the completion of the sale, the president now owns 879,652 shares in the company, valued at $24,049,685.68. This represents a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In the last quarter, insiders sold 54,000 shares of company stock worth $1,493,100. 12.64% of the stock is owned by company insiders.

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.