Kinder Morgan, Inc. (NYSE:KMI) Holdings Trimmed by Saxon Interests Inc.

Saxon Interests Inc. lowered its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 2.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,057 shares of the pipeline company’s stock after selling 455 shares during the quarter. Saxon Interests Inc.’s holdings in Kinder Morgan were worth $465,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of KMI. True Wealth Design LLC boosted its stake in Kinder Morgan by 3,655.3% during the fourth quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock valued at $25,000 after buying an additional 1,389 shares in the last quarter. Pathway Financial Advisers LLC acquired a new stake in Kinder Morgan during the 1st quarter worth about $30,000. HWG Holdings LP acquired a new stake in Kinder Morgan during the 2nd quarter worth about $30,000. OFI Invest Asset Management acquired a new stake in Kinder Morgan during the 1st quarter worth about $31,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in Kinder Morgan during the 1st quarter worth about $31,000. Institutional investors own 62.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Stifel Nicolaus boosted their price target on Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Royal Bank of Canada upped their target price on Kinder Morgan from $20.00 to $22.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 30th. Truist Financial upped their target price on Kinder Morgan from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Friday, July 26th. Morgan Stanley raised Kinder Morgan from an “underweight” rating to an “equal weight” rating and set a $24.00 target price for the company in a research report on Monday, September 16th. Finally, Scotiabank upped their target price on Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 17th. Eight equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $22.80.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total transaction of $36,309.00. Following the completion of the transaction, the vice president now directly owns 307,409 shares in the company, valued at $6,455,589. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, President Thomas A. Martin sold 100,000 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the sale, the president now owns 916,773 shares in the company, valued at approximately $19,261,400.73. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Dax Sanders sold 1,729 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total value of $36,309.00. Following the sale, the vice president now owns 307,409 shares in the company, valued at $6,455,589. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 148,311 shares of company stock worth $3,121,891. 12.64% of the stock is owned by corporate insiders.

Kinder Morgan Price Performance

Shares of KMI stock remained flat at $23.32 during trading hours on Wednesday. The stock had a trading volume of 1,317,161 shares, compared to its average volume of 13,670,295. Kinder Morgan, Inc. has a one year low of $15.91 and a one year high of $23.83. The company has a market capitalization of $51.76 billion, a PE ratio of 21.20, a P/E/G ratio of 3.09 and a beta of 0.93. The business’s fifty day simple moving average is $21.52 and its two-hundred day simple moving average is $20.14. The company has a quick ratio of 0.28, a current ratio of 0.37 and a debt-to-equity ratio of 0.90.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, July 17th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The business had revenue of $3.57 billion for the quarter, compared to analyst estimates of $4.13 billion. During the same quarter last year, the firm earned $0.24 earnings per share. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. As a group, research analysts expect that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were paid a $0.2875 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.93%. Kinder Morgan’s payout ratio is 104.55%.

About Kinder Morgan

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.