Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) Director Michael C. Morgan sold 230,000 shares of the firm's stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the transaction, the director now owns 345,087 shares of the company's stock, valued at approximately $6,494,537.34. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Kinder Morgan Stock Performance
NYSE:KMI opened at $18.81 on Thursday. The company has a fifty day moving average of $17.91 and a 200-day moving average of $17.45. The firm has a market capitalization of $41.75 billion, a P/E ratio of 17.10, a P/E/G ratio of 5.30 and a beta of 0.90. The company has a quick ratio of 0.28, a current ratio of 0.50 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a twelve month low of $15.89 and a twelve month high of $18.92.
Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. The company had revenue of $3.84 billion during the quarter, compared to analyst estimates of $4.36 billion. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. Kinder Morgan's revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 EPS. As a group, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current year.
Kinder Morgan Increases Dividend
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The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a $0.2875 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.15 annualized dividend and a yield of 6.11%. This is an increase from Kinder Morgan's previous quarterly dividend of $0.28. Kinder Morgan's dividend payout ratio (DPR) is presently 102.73%.
Wall Street Analyst Weigh In
KMI has been the subject of several analyst reports. StockNews.com lowered shares of Kinder Morgan from a "buy" rating to a "hold" rating in a report on Friday, March 1st. Truist Financial restated a "hold" rating and set a $20.00 price target (down previously from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Kinder Morgan has an average rating of "Hold" and a consensus target price of $20.20.
Read Our Latest Stock Analysis on KMI
Institutional Trading of Kinder Morgan
Several hedge funds have recently bought and sold shares of the business. Accurate Wealth Management LLC grew its position in Kinder Morgan by 2.6% in the 1st quarter. Accurate Wealth Management LLC now owns 22,598 shares of the pipeline company's stock valued at $426,000 after purchasing an additional 568 shares during the period. SageView Advisory Group LLC grew its position in Kinder Morgan by 3.0% in the 3rd quarter. SageView Advisory Group LLC now owns 20,607 shares of the pipeline company's stock valued at $342,000 after purchasing an additional 596 shares during the period. Wesbanco Bank Inc. grew its position in Kinder Morgan by 0.4% in the 3rd quarter. Wesbanco Bank Inc. now owns 148,549 shares of the pipeline company's stock valued at $2,463,000 after purchasing an additional 599 shares during the period. Chronos Wealth Management LLC grew its position in Kinder Morgan by 2.7% in the 3rd quarter. Chronos Wealth Management LLC now owns 22,700 shares of the pipeline company's stock valued at $376,000 after purchasing an additional 600 shares during the period. Finally, Cubic Asset Management LLC grew its position in Kinder Morgan by 5.1% in the 4th quarter. Cubic Asset Management LLC now owns 12,292 shares of the pipeline company's stock valued at $217,000 after purchasing an additional 600 shares during the period. Institutional investors and hedge funds own 62.52% of the company's stock.
Kinder Morgan Company Profile
(
Get Free Report)
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.
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