Key Points
- Anthony Ashley, a Kinder Morgan VP, sold 8,000 shares on Feb. 17 at an average price of $31.95 for $255,600, trimming his holding by 7.4% to 100,146 shares (about $3.20M), per an SEC filing.
- Kinder Morgan beat Q results on Jan. 21 with EPS $0.39 vs. $0.37 expected and revenue $4.51B vs. $4.33B (revenue +13.1% YoY); analysts show a Moderate Buy consensus and a $32.38 price target.
- The company paid a quarterly dividend of $0.2925 on Feb. 17 (annualized $1.17), implying a 3.6% yield and a payout ratio of 85.4%.
Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) VP Anthony Ashley sold 8,000 shares of the firm's stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $31.95, for a total value of $255,600.00. Following the completion of the transaction, the vice president owned 100,146 shares in the company, valued at $3,199,664.70. This represents a 7.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Kinder Morgan Trading Down 0.5%
NYSE KMI traded down $0.17 on Friday, reaching $32.38. The company had a trading volume of 2,877,203 shares, compared to its average volume of 14,686,285. Kinder Morgan, Inc. has a 52 week low of $23.94 and a 52 week high of $32.77. The stock's 50 day moving average is $28.74 and its 200-day moving average is $27.65. 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 stock has a market cap of $72.03 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 2.66 and a beta of 0.70.
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 firm had revenue of $4.51 billion for 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%.The company's revenue was up 13.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.30 earnings per share. Equities analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.
Kinder Morgan Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 2nd were issued a dividend of $0.2925 per share. The ex-dividend date was Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a yield of 3.6%. Kinder Morgan's payout ratio is currently 85.40%.
Institutional Trading of Kinder Morgan
Institutional investors have recently modified their holdings of the company. LFA Lugano Financial Advisors SA bought a new position in shares of Kinder Morgan during the second quarter worth about $26,000. Board of the Pension Protection Fund acquired a new position in Kinder Morgan during the 4th quarter worth approximately $27,000. Commonwealth Retirement Investments LLC bought a new position in shares of Kinder Morgan during the 4th quarter worth approximately $27,000. Acumen Wealth Advisors LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $28,000. Finally, Dorato Capital Management bought a new stake in shares of Kinder Morgan in the fourth quarter worth $30,000. 62.52% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on KMI. Morgan Stanley reissued a "buy" rating on shares of Kinder Morgan in a research report on Friday, January 30th. Scotiabank lifted their target price on Kinder Morgan from $29.00 to $30.00 and gave the stock a "sector perform" rating in a report on Friday, January 23rd. Royal Bank Of Canada boosted their target price on Kinder Morgan from $28.00 to $30.00 and gave the company a "sector perform" rating in a research note on Thursday, November 13th. Barclays reiterated an "overweight" rating on shares of Kinder Morgan in a report on Friday. Finally, Mizuho lowered their target price on Kinder Morgan from $32.00 to $31.00 and set an "outperform" rating for the company in a research note on Friday, November 14th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.38.
Read Our Latest Research Report on KMI
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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