Saxon Interests Inc. Purchases Shares of 21,335 Kinder Morgan, Inc. (NYSE:KMI)

Saxon Interests Inc. purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 21,335 shares of the pipeline company’s stock, valued at approximately $376,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Gotham Asset Management LLC raised its holdings in shares of Kinder Morgan by 11.3% in the 3rd quarter. Gotham Asset Management LLC now owns 533,348 shares of the pipeline company’s stock valued at $8,843,000 after acquiring an additional 54,184 shares in the last quarter. Rheos Capital Works Inc. purchased a new position in shares of Kinder Morgan during the 3rd quarter valued at about $4,642,000. Cohen & Steers Inc. raised its holdings in shares of Kinder Morgan by 1,217.2% during the 2nd quarter. Cohen & Steers Inc. now owns 10,094,105 shares of the pipeline company’s stock valued at $173,820,000 after buying an additional 9,327,755 shares in the last quarter. Virginia Wealth Management Group Inc. raised its holdings in shares of Kinder Morgan by 1.6% during the 3rd quarter. Virginia Wealth Management Group Inc. now owns 201,278 shares of the pipeline company’s stock valued at $3,337,000 after buying an additional 3,085 shares in the last quarter. Finally, Bahl & Gaynor Inc. raised its holdings in shares of Kinder Morgan by 69.2% during the 3rd quarter. Bahl & Gaynor Inc. now owns 3,955,216 shares of the pipeline company’s stock valued at $65,577,000 after buying an additional 1,617,250 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Up 1.0 %

Shares of KMI stock traded up $0.19 during trading hours on Thursday, reaching $18.34. The company’s stock had a trading volume of 15,436,929 shares, compared to its average volume of 14,493,002. The stock has a market capitalization of $40.70 billion, a P/E ratio of 17.14, a P/E/G ratio of 5.04 and a beta of 0.90. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $18.43. The firm’s fifty day simple moving average is $17.34 and its 200 day simple moving average is $17.21. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.88.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 17th. The pipeline company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.02). The firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $4.40 billion. Kinder Morgan had a net margin of 15.59% and a return on equity of 7.57%. The company’s revenue for the quarter was down 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.31 earnings per share. Equities research analysts expect that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were paid a $0.2825 dividend. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 6.16%. Kinder Morgan’s dividend payout ratio is currently 105.61%.

Analyst Ratings Changes

A number of brokerages recently weighed in on KMI. StockNews.com cut Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Truist Financial reissued a “hold” rating and set a $20.00 price objective (down from $22.00) on shares of Kinder Morgan in a report on Monday. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $20.20.

Insider Activity

In other news, VP John W. Schlosser sold 7,500 shares of the company’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $18.00, for a total transaction of $135,000.00. Following the transaction, the vice president now directly owns 3,219 shares of the company’s stock, valued at $57,942. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 12.64% of the company’s stock.

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.