Central Bank & Trust Co. Has $1.70 Million Stake in Kinder Morgan, Inc. (NYSE:KMI)

Central Bank & Trust Co. grew its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 62,018 shares of the pipeline company’s stock after purchasing an additional 1,449 shares during the quarter. Central Bank & Trust Co.’s holdings in Kinder Morgan were worth $1,699,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Sunflower Bank N.A. raised its position in shares of Kinder Morgan by 3.6% during the 4th quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company’s stock valued at $288,000 after acquiring an additional 367 shares during the last quarter. Ignite Planners LLC grew its stake in shares of Kinder Morgan by 3.9% during the fourth quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company’s stock worth $282,000 after purchasing an additional 372 shares during the period. Eagle Bay Advisors LLC lifted its stake in Kinder Morgan by 8.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company’s stock valued at $142,000 after buying an additional 385 shares during the period. Sunbelt Securities Inc. boosted its holdings in Kinder Morgan by 0.5% during the third quarter. Sunbelt Securities Inc. now owns 90,560 shares of the pipeline company’s stock worth $2,000,000 after buying an additional 414 shares during the last quarter. Finally, SignalPoint Asset Management LLC increased its stake in shares of Kinder Morgan by 1.5% in the 3rd quarter. SignalPoint Asset Management LLC now owns 30,059 shares of the pipeline company’s stock valued at $655,000 after acquiring an additional 447 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KMI. Truist Financial boosted their price objective on shares of Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, October 17th. Wells Fargo & Company upped their price objective on shares of Kinder Morgan from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Scotiabank initiated coverage on Kinder Morgan in a report on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price on the stock. Morgan Stanley set a $26.00 price target on Kinder Morgan in a report on Friday, October 18th. Finally, UBS Group lifted their price objective on Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a report on Friday, December 6th. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $27.00.

Insider Buying and Selling at Kinder Morgan

In related news, Director Amy W. Chronis acquired 2,241 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was bought at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the acquisition, the director now directly owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Thomas A. Martin sold 19,121 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total value of $502,499.88. Following the sale, the president now owns 897,652 shares in the company, valued at $23,590,294.56. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,121 shares of company stock worth $1,497,000. Insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $30.32 on Tuesday. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $30.51. The company’s fifty day simple moving average is $27.68 and its 200-day simple moving average is $24.13. The firm has a market cap of $67.36 billion, a PE ratio of 26.59, a P/E/G ratio of 3.71 and a beta of 0.94. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95.

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.