Saxon Interests Inc. Decreases Stake in Kinder Morgan, Inc. (NYSE:KMI)

Saxon Interests Inc. trimmed its position in shares of Kinder Morgan, Inc. (NYSE:KMI) by 13.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,205 shares of the pipeline company’s stock after selling 2,852 shares during the period. Saxon Interests Inc.’s holdings in Kinder Morgan were worth $499,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in KMI. Modus Advisors LLC acquired a new stake in Kinder Morgan in the fourth quarter valued at $27,000. Northwest Investment Counselors LLC purchased a new stake in shares of Kinder Morgan during the 3rd quarter worth approximately $28,000. HWG Holdings LP acquired a new position in shares of Kinder Morgan in the 2nd quarter valued at $30,000. Planning Capital Management Corp grew its position in shares of Kinder Morgan by 143.6% in the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after buying an additional 797 shares during the last quarter. Finally, HM Payson & Co. raised its stake in Kinder Morgan by 401.8% during the 3rd quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock worth $32,000 after acquiring an additional 1,145 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

NYSE:KMI opened at $30.23 on Friday. Kinder Morgan, Inc. has a 1-year low of $16.47 and a 1-year high of $30.08. The stock has a market cap of $67.16 billion, a P/E ratio of 26.47, a PEG ratio of 3.71 and a beta of 0.94. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. The firm has a 50-day moving average of $27.54 and a two-hundred day moving average of $23.95.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the firm posted $0.25 EPS. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. On average, research analysts expect that Kinder Morgan, Inc. will post 1.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Amy W. Chronis bought 2,241 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was bought at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the transaction, the director now owns 23,995 shares in the company, valued at $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director C Park Shaper sold 690,142 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $24.75, for a total value of $17,081,014.50. Following the sale, the director now directly owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. This represents a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 745,263 shares of company stock valued at $18,578,014 in the last ninety days. Corporate insiders own 12.81% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on KMI. Truist Financial upped their price objective on shares of Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Scotiabank assumed coverage on Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price target on the stock. Bank of America assumed coverage on Kinder Morgan in a report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price objective for the company. Wells Fargo & Company raised their price objective on shares of Kinder Morgan from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Finally, UBS Group boosted their target price on Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a report on Friday, December 6th. Eight analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $27.00.

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.