Community Bank & Trust Waco Texas Boosts Stake in Kinder Morgan, Inc. $KMI

Community Bank & Trust Waco Texas raised its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 7.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 64,514 shares of the pipeline company’s stock after acquiring an additional 4,365 shares during the period. Community Bank & Trust Waco Texas’ holdings in Kinder Morgan were worth $1,897,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Alhambra Investment Management LLC lifted its stake in shares of Kinder Morgan by 2.3% during the second quarter. Alhambra Investment Management LLC now owns 15,934 shares of the pipeline company’s stock worth $468,000 after purchasing an additional 363 shares in the last quarter. Morton Capital Management LLC CA lifted its stake in shares of Kinder Morgan by 1.0% during the first quarter. Morton Capital Management LLC CA now owns 37,981 shares of the pipeline company’s stock worth $1,084,000 after purchasing an additional 377 shares in the last quarter. Frank Rimerman Advisors LLC lifted its stake in shares of Kinder Morgan by 0.8% during the first quarter. Frank Rimerman Advisors LLC now owns 48,943 shares of the pipeline company’s stock worth $1,396,000 after purchasing an additional 378 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Kinder Morgan by 1.8% during the first quarter. Signaturefd LLC now owns 21,068 shares of the pipeline company’s stock worth $601,000 after purchasing an additional 381 shares in the last quarter. Finally, Aspiriant LLC lifted its stake in shares of Kinder Morgan by 1.7% during the first quarter. Aspiriant LLC now owns 23,738 shares of the pipeline company’s stock worth $677,000 after purchasing an additional 396 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on KMI. Cowen started coverage on Kinder Morgan in a research note on Monday, July 7th. They set a “buy” rating on the stock. Scotiabank cut their price target on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research note on Friday, September 19th. Wells Fargo & Company boosted their price target on Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Barclays reiterated an “overweight” rating and issued a $32.00 price target (up previously from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Finally, JPMorgan Chase & Co. boosted their price target on Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. Ten analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.06.

Insider Activity

In other Kinder Morgan news, CFO David Patrick Michels sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the sale, the chief financial officer owned 159,428 shares in the company, valued at $4,494,275.32. This represents a 20.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $27.00, for a total value of $166,482.00. Following the sale, the vice president owned 225,868 shares in the company, valued at $6,098,436. The trade was a 2.66% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 128,008 shares of company stock valued at $3,553,982 over the last three months. Company insiders own 12.73% of the company’s stock.

Kinder Morgan Trading Down 0.1%

Shares of NYSE KMI opened at $28.33 on Wednesday. The stock’s 50 day moving average price is $27.20 and its two-hundred day moving average price is $27.45. Kinder Morgan, Inc. has a 52-week low of $22.01 and a 52-week high of $31.48. The stock has a market capitalization of $62.95 billion, a P/E ratio of 23.22, a PEG ratio of 3.33 and a beta of 0.81. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The firm had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter in the prior year, the firm posted $0.26 earnings per share. Kinder Morgan’s revenue for the quarter was up 13.2% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were paid a dividend of $0.2925 per share. The ex-dividend date was Thursday, July 31st. This represents a $1.17 annualized dividend and a yield of 4.1%. Kinder Morgan’s dividend payout ratio is presently 95.90%.

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.