Fayez Sarofim & Co Buys 12,025 Shares of Kinder Morgan, Inc. (NYSE:KMI)

Fayez Sarofim & Co boosted its stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,482,012 shares of the pipeline company's stock after acquiring an additional 12,025 shares during the period. Fayez Sarofim & Co owned 0.11% of Kinder Morgan worth $68,007,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Retirement Wealth Solutions LLC bought a new position in Kinder Morgan during the fourth quarter worth $25,000. Centricity Wealth Management LLC bought a new position in shares of Kinder Morgan in the 4th quarter worth about $25,000. Hurley Capital LLC bought a new position in shares of Kinder Morgan in the 4th quarter worth about $25,000. Modus Advisors LLC acquired a new position in shares of Kinder Morgan in the 4th quarter valued at about $27,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of Kinder Morgan during the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 62.52% of the company's stock.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total transaction of $498,600.00. Following the completion of the sale, the president now directly owns 843,652 shares in the company, valued at $23,369,160.40. The trade was a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the completion of the transaction, the vice president now directly owns 220,681 shares in the company, valued at $5,881,148.65. The trade was a 25.48 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 129,461 shares of company stock valued at $3,506,116. Corporate insiders own 12.73% of the company's stock.

Analyst Ratings Changes

KMI has been the topic of several recent analyst reports. Wells Fargo & Company boosted their price target on Kinder Morgan from $30.00 to $33.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Royal Bank of Canada upped their target price on Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research report on Monday, March 3rd. Morgan Stanley lifted their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Truist Financial upped their target price on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Finally, Mizuho upped their price objective on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Kinder Morgan has an average rating of "Moderate Buy" and a consensus price target of $29.64.

Kinder Morgan Stock Performance

KMI traded up $0.05 on Wednesday, hitting $26.65. The company's stock had a trading volume of 19,539,838 shares, compared to its average volume of 13,968,331. The company's 50 day simple moving average is $26.94 and its 200-day simple moving average is $26.97. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 12 month low of $18.13 and a 12 month high of $31.48. The firm has a market cap of $59.22 billion, a P/E ratio of 22.78, a price-to-earnings-growth ratio of 3.08 and a beta of 0.72.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. The company had revenue of $4.24 billion during the quarter, compared to analysts' expectations of $4.02 billion. Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. Analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be given a $0.2925 dividend. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date is Wednesday, April 30th. Kinder Morgan's dividend payout ratio (DPR) is 100.86%.

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.