Town & Country Bank & Trust CO dba First Bankers Trust CO Acquires New Holdings in Kinder Morgan, Inc. $KMI

Town & Country Bank & Trust CO dba First Bankers Trust CO bought a new position in shares of Kinder Morgan, Inc. (NYSE:KMI) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 47,290 shares of the pipeline company’s stock, valued at approximately $1,339,000.

A number of other hedge funds have also modified their holdings of KMI. LFA Lugano Financial Advisors SA acquired a new stake in Kinder Morgan during the 2nd quarter valued at $26,000. CoreFirst Bank & Trust acquired a new position in shares of Kinder Morgan in the second quarter valued at approximately $35,000. Private Wealth Management Group LLC lifted its stake in shares of Kinder Morgan by 94.9% during the third quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock valued at $35,000 after buying an additional 595 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new stake in Kinder Morgan in the 2nd quarter worth approximately $40,000. Finally, Capital A Wealth Management LLC acquired a new position in Kinder Morgan in the 2nd quarter valued at $41,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Trading Up 0.5%

Shares of KMI opened at $30.24 on Friday. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $30.57. The stock’s 50-day moving average is $27.50 and its two-hundred day moving average is $27.28. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.64 and a quick ratio of 0.49. The stock has a market cap of $67.27 billion, a PE ratio of 22.07, a P/E/G ratio of 2.44 and a beta of 0.69.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.33 billion. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.Kinder Morgan’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 EPS. Equities analysts forecast 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 will be paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd will be issued a $0.2925 dividend. The ex-dividend date is Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a yield of 3.9%. Kinder Morgan’s payout ratio is currently 85.40%.

Analyst Upgrades and Downgrades

Several research firms recently commented on KMI. Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a research note on Thursday, January 22nd. UBS Group reissued a “buy” rating and issued a $38.00 target price on shares of Kinder Morgan in a research report on Friday, December 12th. Scotiabank upped their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Friday, January 23rd. Stifel Nicolaus lifted their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a report on Tuesday, November 11th. Finally, Jefferies Financial Group upped their price objective on Kinder Morgan from $29.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 22nd. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $32.38.

Insiders Place Their Bets

In related news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $27.49, for a total value of $169,503.34. Following the completion of the transaction, the vice president owned 201,204 shares of the company’s stock, valued at approximately $5,531,097.96. This represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO David Patrick Michels sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $30.00, for a total value of $600,000.00. Following the sale, the chief financial officer owned 139,428 shares of the company’s stock, valued at approximately $4,182,840. This trade represents a 12.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 38,498 shares of company stock worth $1,107,462 in the last quarter. 12.73% of the stock is currently owned by company insiders.

About Kinder Morgan

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.