Community Bank N.A. Has $1.92 Million Position in Kinder Morgan, Inc. (NYSE:KMI)

Community Bank N.A. raised its stake in Kinder Morgan, Inc. (NYSE:KMI) by 5.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 67,162 shares of the pipeline company’s stock after purchasing an additional 3,652 shares during the quarter. Community Bank N.A.’s holdings in Kinder Morgan were worth $1,915,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in KMI. Centricity Wealth Management LLC purchased a new position in shares of Kinder Morgan during the 4th quarter valued at $25,000. Hurley Capital LLC purchased a new position in Kinder Morgan in the fourth quarter valued at about $25,000. Fourth Dimension Wealth LLC purchased a new position in Kinder Morgan in the fourth quarter valued at about $26,000. Morse Asset Management Inc acquired a new position in Kinder Morgan in the 4th quarter worth about $27,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Kinder Morgan during the 4th quarter worth about $29,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on KMI shares. Wells Fargo & Company reissued an “overweight” rating on shares of Kinder Morgan in a research note on Monday, May 5th. Royal Bank Of Canada boosted their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 29th. JPMorgan Chase & Co. increased their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 6th. Barclays upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price target on the stock in a report on Monday, March 3rd. Finally, Scotiabank upped their price objective on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a report on Thursday, June 5th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.21.

Insider Buying and Selling at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total value of $508,680.00. Following the completion of the sale, the president now directly owns 771,652 shares of the company’s stock, valued at approximately $21,806,885.52. This represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 54,000 shares of company stock valued at $1,522,440 in the last 90 days. 12.73% of the stock is currently owned by insiders.

Kinder Morgan Stock Performance

NYSE:KMI opened at $27.46 on Wednesday. The firm has a market capitalization of $61.02 billion, a PE ratio of 23.68, a PEG ratio of 3.04 and a beta of 0.74. Kinder Morgan, Inc. has a 1 year low of $19.47 and a 1 year high of $31.48. The company has a current ratio of 0.45, a quick ratio of 0.35 and a debt-to-equity ratio of 0.94. The firm’s fifty day simple moving average is $27.35 and its 200 day simple moving average is $27.43.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.34. The company had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.02 billion. Kinder Morgan had a net margin of 16.67% and a return on equity of 8.11%. On average, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were paid a dividend of $0.2925 per share. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.17 annualized dividend and a yield of 4.26%. Kinder Morgan’s dividend payout ratio is presently 100.86%.

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.