Kinder Morgan, Inc. (NYSE:KMI) President Thomas A. Martin Sells 18,000 Shares of Stock

Kinder Morgan, Inc. (NYSE:KMI) President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the sale, the president now owns 861,652 shares in the company, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kinder Morgan Stock Up 2.6 %

Shares of NYSE KMI opened at $28.11 on Friday. Kinder Morgan, Inc. has a 12-month low of $16.47 and a 12-month high of $28.81. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The firm has a market cap of $62.45 billion, a PE ratio of 24.66, a P/E/G ratio of 3.87 and a beta of 0.94. The company’s fifty day simple moving average is $26.89 and its 200 day simple moving average is $23.39.

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

Kinder Morgan Announces Dividend

The company also recently announced 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. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date of this dividend was Thursday, October 31st. Kinder Morgan’s payout ratio is 100.88%.

Wall Street Analysts Forecast Growth

KMI has been the topic of a number of recent research reports. UBS Group lifted their price target on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Wells Fargo & Company increased their price target on Kinder Morgan from $27.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Bank of America assumed coverage on Kinder Morgan in a research note on Thursday, October 17th. They issued a “buy” rating and a $27.00 price objective on the stock. Morgan Stanley set a $26.00 price target on shares of Kinder Morgan in a report on Friday, October 18th. Finally, 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. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Kinder Morgan currently has an average rating of “Moderate Buy” and an average target price of $26.25.

Institutional Trading of Kinder Morgan

Hedge funds have recently bought and sold shares of the business. Northwest Investment Counselors LLC acquired a new position in shares of Kinder Morgan during the third quarter valued at about $28,000. Planning Capital Management Corp boosted its stake in Kinder Morgan by 143.6% during the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 797 shares during the last quarter. HM Payson & Co. increased its holdings 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 purchasing an additional 1,145 shares in the last quarter. Activest Wealth Management raised its stake in shares of Kinder Morgan by 63.0% in the third quarter. Activest Wealth Management now owns 1,478 shares of the pipeline company’s stock worth $33,000 after purchasing an additional 571 shares during the last quarter. Finally, HWG Holdings LP bought a new position in shares of Kinder Morgan in the second quarter valued at approximately $30,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

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.