Central Bank & Trust Co. Purchases 1,449 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Central Bank & Trust Co. boosted its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,018 shares of the pipeline company’s stock after buying an additional 1,449 shares during the quarter. Central Bank & Trust Co.’s holdings in Kinder Morgan were worth $1,699,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. raised its stake in Kinder Morgan by 1.6% in the 2nd quarter. American Century Companies Inc. now owns 346,183 shares of the pipeline company’s stock valued at $6,879,000 after acquiring an additional 5,402 shares during the period. Edgestream Partners L.P. bought a new position in shares of Kinder Morgan in the second quarter valued at about $213,000. Intech Investment Management LLC lifted its stake in shares of Kinder Morgan by 102.1% during the 2nd quarter. Intech Investment Management LLC now owns 98,945 shares of the pipeline company’s stock worth $1,966,000 after buying an additional 49,991 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Kinder Morgan by 147.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 352,845 shares of the pipeline company’s stock worth $7,011,000 after buying an additional 210,341 shares during the period. Finally, AE Wealth Management LLC grew its stake in Kinder Morgan by 9.3% in the 2nd quarter. AE Wealth Management LLC now owns 46,888 shares of the pipeline company’s stock valued at $932,000 after buying an additional 4,003 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on KMI. Truist Financial raised their price objective on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. The Goldman Sachs Group lifted their price target on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Wells Fargo & Company upped their price objective on Kinder Morgan from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. UBS Group lifted their target price on Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, Royal Bank of Canada upped their price target on shares of 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 investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $27.00.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis purchased 2,241 shares of the stock in a transaction dated Tuesday, November 5th. The stock was bought at an average price of $24.89 per share, with a total value of $55,778.49. Following the acquisition, the director now owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Thomas A. Martin sold 19,121 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $23,590,294.56. This represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,121 shares of company stock worth $1,497,000 over the last three months. Corporate insiders own 12.64% of the company’s stock.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $30.32 on Tuesday. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The company has a market cap of $67.36 billion, a PE ratio of 26.59, a price-to-earnings-growth ratio of 3.71 and a beta of 0.94. The company has a 50 day moving average of $27.68 and a 200-day moving average of $24.13. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $30.51.

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.