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

Kinder Morgan, Inc. (NYSE:KMI) President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the transaction, the president now owns 861,652 shares in the company, valued at approximately $24,048,707.32. This trade represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $28.11 on Friday. The firm’s 50 day moving average is $26.89 and its 200 day moving average is $23.39. The stock has a market capitalization of $62.45 billion, a P/E ratio of 24.66, a PEG ratio of 3.87 and a beta of 0.94. Kinder Morgan, Inc. has a 12 month low of $16.47 and a 12 month high of $28.81. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95.

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

Kinder Morgan Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 4.09%. The ex-dividend date was Thursday, October 31st. Kinder Morgan’s dividend payout ratio is presently 100.88%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on KMI. Morgan Stanley set a $26.00 target price on Kinder Morgan in a research note on Friday, October 18th. Truist Financial upped their price objective on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Barclays lifted their target price on Kinder Morgan from $24.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. The Goldman Sachs Group boosted their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, UBS Group raised their price objective 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. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $26.25.

Institutional Investors Weigh In On Kinder Morgan

Institutional investors and hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its stake in Kinder Morgan by 5.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 97,930 shares of the pipeline company’s stock worth $1,946,000 after purchasing an additional 4,815 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Kinder Morgan by 2.4% in the second quarter. Commonwealth Equity Services LLC now owns 863,945 shares of the pipeline company’s stock worth $17,167,000 after buying an additional 20,461 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Kinder Morgan by 25.5% during the second quarter. Farther Finance Advisors LLC now owns 20,806 shares of the pipeline company’s stock valued at $412,000 after buying an additional 4,225 shares during the period. Summit Financial LLC bought a new position in Kinder Morgan in the 2nd quarter worth about $217,000. Finally, Ritholtz Wealth Management raised its holdings in shares of Kinder Morgan by 23.4% in the 2nd quarter. Ritholtz Wealth Management now owns 24,408 shares of the pipeline company’s stock valued at $485,000 after acquiring an additional 4,623 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

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.