Horizon Kinetics Asset Management LLC Purchases 3,807 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Horizon Kinetics Asset Management LLC raised its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 3.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 103,592 shares of the pipeline company’s stock after purchasing an additional 3,807 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in Kinder Morgan were worth $2,288,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of KMI. Lazard Asset Management LLC boosted its stake in shares of Kinder Morgan by 9.2% during the first quarter. Lazard Asset Management LLC now owns 26,871 shares of the pipeline company’s stock valued at $492,000 after purchasing an additional 2,274 shares in the last quarter. SVB Wealth LLC grew its stake in shares of Kinder Morgan by 1.5% in the first quarter. SVB Wealth LLC now owns 122,046 shares of the pipeline company’s stock worth $2,238,000 after purchasing an additional 1,806 shares during the last quarter. Waverly Advisors LLC acquired a new stake in Kinder Morgan in the first quarter valued at $1,265,000. B. Riley Wealth Advisors Inc. lifted its stake in shares of Kinder Morgan by 2.6% in the first quarter. B. Riley Wealth Advisors Inc. now owns 191,025 shares of the pipeline company’s stock worth $3,503,000 after acquiring an additional 4,829 shares during the period. Finally, Redwood Investment Management LLC boosted its position in Kinder Morgan by 1.1% during the first quarter. Redwood Investment Management LLC now owns 122,362 shares of the pipeline company’s stock valued at $2,244,000 after acquiring an additional 1,368 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 19,121 shares of Kinder Morgan stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total value of $502,499.88. Following the transaction, the president now directly owns 897,652 shares of the company’s stock, valued at $23,590,294.56. The trade was a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Amy W. Chronis acquired 2,241 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was purchased at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the transaction, the director now directly owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their position. The disclosure for this purchase can be found here. 12.81% of the stock is currently owned by corporate insiders.

Kinder Morgan Stock Performance

Shares of KMI opened at $28.61 on Monday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. The stock has a market capitalization of $63.56 billion, a price-to-earnings ratio of 24.99, a price-to-earnings-growth ratio of 4.10 and a beta of 0.91. Kinder Morgan, Inc. has a 52-week low of $16.47 and a 52-week high of $28.81. The stock’s 50-day simple moving average is $24.56 and its 200 day simple moving average is $21.84.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the previous year, the company posted $0.25 EPS. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. Research analysts forecast that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a dividend of $0.2875 per share. The ex-dividend date was Thursday, October 31st. This represents a $1.15 annualized dividend and a dividend yield of 4.02%. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.88%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on KMI shares. Bank of America started coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They set a “buy” rating and a $27.00 target price on the stock. The Goldman Sachs Group reiterated a “conviction-buy” rating on shares of Kinder Morgan in a report on Friday, October 18th. Truist Financial raised 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. Wells Fargo & Company increased their price target on Kinder Morgan from $22.00 to $27.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Finally, Stifel Nicolaus boosted their price target on shares of Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a report on Tuesday, August 27th. Eight research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and a consensus price target of $25.36.

Kinder Morgan 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.