Key Points
- Director William Smith purchased 3,000 shares at $29.75 each on Feb. 2 for a total of $89,250, increasing his stake by 10.68% to 31,087 shares valued at about $925K.
- Kinder Morgan declared a quarterly dividend of $0.2925 per share (annualized $1.17), a 3.9% yield, payable Feb. 17 with record/ex-dividend date on Feb. 2.
- The company beat estimates for the quarter with EPS of $0.39 vs. $0.37 and revenue of $4.51B (up 13.1% YoY), and the stock carries a consensus rating of "Moderate Buy" with an average price target of $32.38.
Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) Director William Smith bought 3,000 shares of the firm's stock in a transaction dated Monday, February 2nd. The shares were acquired at an average price of $29.75 per share, for a total transaction of $89,250.00. Following the completion of the transaction, the director owned 31,087 shares in the company, valued at $924,838.25. This represents a 10.68% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.
Kinder Morgan Stock Up 2.3%
Shares of KMI opened at $30.31 on Wednesday. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.95. The company has a 50-day moving average price of $27.71 and a two-hundred day moving average price of $27.32. The stock has a market cap of $67.42 billion, a price-to-earnings ratio of 22.12, a P/E/G ratio of 2.40 and a beta of 0.70. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $30.57.
Kinder Morgan (NYSE:KMI - Get Free Report) last issued its earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.02. The business had revenue of $4.51 billion during the quarter, compared to analysts' expectations of $4.33 billion. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.Kinder Morgan's quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 EPS. Equities analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.
Kinder Morgan Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 2nd will be issued a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Monday, February 2nd. Kinder Morgan's dividend payout ratio (DPR) is currently 85.40%.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Brighton Jones LLC acquired a new position in shares of Kinder Morgan during the 4th quarter worth about $308,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Kinder Morgan by 8.6% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 264,264 shares of the pipeline company's stock worth $7,769,000 after acquiring an additional 20,981 shares during the last quarter. Clarius Group LLC grew its holdings in Kinder Morgan by 76.8% during the second quarter. Clarius Group LLC now owns 15,605 shares of the pipeline company's stock valued at $459,000 after purchasing an additional 6,778 shares during the period. Grimes & Company Inc. increased its stake in Kinder Morgan by 3.9% in the second quarter. Grimes & Company Inc. now owns 13,274 shares of the pipeline company's stock valued at $390,000 after purchasing an additional 503 shares in the last quarter. Finally, Woodmont Investment Counsel LLC bought a new position in shares of Kinder Morgan during the second quarter worth $241,000. Institutional investors and hedge funds own 62.52% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently commented on the company. Mizuho decreased their price target on Kinder Morgan from $32.00 to $31.00 and set an "outperform" rating on the stock in a research report on Friday, November 14th. Royal Bank Of Canada increased their target price on Kinder Morgan from $28.00 to $30.00 and gave the stock a "sector perform" rating in a report on Thursday, November 13th. Scotiabank lifted their price target on Kinder Morgan from $29.00 to $30.00 and gave the company a "sector perform" rating in a report on Friday, January 23rd. Stifel Nicolaus increased their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a "hold" rating in a report on Tuesday, November 11th. Finally, Morgan Stanley reaffirmed a "buy" rating on shares of Kinder Morgan in a research note on Friday. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $32.38.
Read Our Latest Stock Report on Kinder Morgan
About Kinder Morgan
(
Get Free Report)
Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company's assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.
Kinder Morgan's operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.
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