Kinder Morgan, Inc. (NYSE:KMI – Get Rating) VP John W. Schlosser sold 1,500 shares of the company’s stock in a transaction dated Tuesday, December 27th. The shares were sold at an average price of $18.18, for a total transaction of $27,270.00. Following the sale, the vice president now owns 21,219 shares of the company’s stock, valued at $385,761.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Kinder Morgan Trading Up 0.7 %
Shares of NYSE KMI traded up $0.12 during midday trading on Tuesday, hitting $18.26. 8,230,742 shares of the company traded hands, compared to its average volume of 17,248,824. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.50 and a current ratio of 0.62. Kinder Morgan, Inc. has a 12-month low of $15.74 and a 12-month high of $20.20. The stock has a 50-day moving average price of $18.14 and a 200 day moving average price of $17.78. The firm has a market cap of $41.04 billion, a P/E ratio of 16.49, a P/E/G ratio of 5.26 and a beta of 0.96.
Kinder Morgan (NYSE:KMI – Get Rating) last posted its earnings results on Wednesday, October 19th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). The firm had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $4.56 billion. Kinder Morgan had a return on equity of 7.97% and a net margin of 13.20%. The firm’s revenue was up 35.4% on a year-over-year basis. During the same quarter last year, the company posted $0.22 EPS. As a group, analysts expect that Kinder Morgan, Inc. will post 1.15 earnings per share for the current year.
Kinder Morgan Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Monday, October 31st were issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 6.08%. The ex-dividend date of this dividend was Friday, October 28th. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.91%.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. The Goldman Sachs Group upgraded Kinder Morgan from a “sell” rating to a “neutral” rating and set a $19.00 target price for the company in a report on Wednesday, September 7th. TD Securities dropped their price objective on Kinder Morgan from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, October 20th. StockNews.com started coverage on shares of Kinder Morgan in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Citigroup began coverage on shares of Kinder Morgan in a research report on Thursday, December 8th. They set a “neutral” rating and a $19.00 price target for the company. Finally, Barclays decreased their price objective on shares of Kinder Morgan from $21.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 19th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $20.22.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of KMI. Householder Group Estate & Retirement Specialist LLC bought a new stake in Kinder Morgan during the third quarter worth about $26,000. LS Investment Advisors LLC purchased a new position in shares of Kinder Morgan during the second quarter valued at approximately $28,000. EdgeRock Capital LLC bought a new stake in shares of Kinder Morgan in the 3rd quarter worth approximately $29,000. Quent Capital LLC grew its stake in shares of Kinder Morgan by 136.2% in the 1st quarter. Quent Capital LLC now owns 1,630 shares of the pipeline company’s stock worth $31,000 after buying an additional 940 shares during the last quarter. Finally, Tilia Fiduciary Partners Inc. increased its position in Kinder Morgan by 644.5% during the 2nd quarter. Tilia Fiduciary Partners Inc. now owns 1,906 shares of the pipeline company’s stock valued at $32,000 after buying an additional 1,650 shares in the last quarter. 60.48% of the stock is currently owned by institutional investors.
About Kinder Morgan
Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground 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 liquefaction and storage facilities.