Key Points
- VP Michael Garthwaite sold 1,550 shares of Kinder Morgan on March 16 at an average price of $33.30, realizing $51,615 and cutting his position by 3.23% to 46,393 shares (about $1.545M).
- Kinder Morgan beat quarterly expectations with $0.39 EPS versus $0.37 expected and $4.51B in revenue (up 13.1% year-over-year), showing a 9.02% ROE and an 18.04% net margin.
- The company pays a quarterly dividend of $0.2925 (annualized $1.17) for a 3.5% yield and holds a consensus "Moderate Buy" analyst rating with an average target of $33.46.
Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) VP Michael Garthwaite sold 1,550 shares of the company's stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $33.30, for a total transaction of $51,615.00. Following the completion of the transaction, the vice president owned 46,393 shares of the company's stock, valued at $1,544,886.90. This trade represents a 3.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Kinder Morgan Price Performance
Shares of NYSE KMI opened at $33.27 on Wednesday. The company has a fifty day moving average price of $30.96 and a 200 day moving average price of $28.47. Kinder Morgan, Inc. has a 1-year low of $23.94 and a 1-year high of $34.24. The firm has a market cap of $74.02 billion, a PE ratio of 24.29, a PEG ratio of 3.07 and a beta of 0.68. The company has a current ratio of 0.64, a quick ratio of 0.50 and a debt-to-equity ratio of 0.95.
Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings data on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. The company 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 revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.30 earnings per share. Research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.
Kinder Morgan Announces Dividend
The firm also recently announced 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 annualized dividend and a yield of 3.5%. Kinder Morgan's dividend payout ratio is presently 85.40%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on KMI shares. TD Cowen raised their price objective on Kinder Morgan from $34.00 to $35.00 and gave the company a "buy" rating in a report on Thursday, January 22nd. Barclays restated an "overweight" rating on shares of Kinder Morgan in a research note on Friday, February 20th. Weiss Ratings reiterated a "buy (b)" rating on shares of Kinder Morgan in a research note on Thursday, January 22nd. Freedom Capital raised shares of Kinder Morgan from a "strong sell" rating to a "hold" rating in a research note on Wednesday, January 28th. Finally, Jefferies Financial Group boosted their target price on shares of Kinder Morgan from $29.00 to $31.00 and gave the stock a "hold" rating in a report on Thursday, January 22nd. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $33.46.
Read Our Latest Report on Kinder Morgan
Institutional Trading of Kinder Morgan
A number of hedge funds have recently made changes to their positions in KMI. Board of the Pension Protection Fund acquired a new position in shares of Kinder Morgan during the 4th quarter worth approximately $27,000. Commonwealth Retirement Investments LLC acquired a new position in shares of Kinder Morgan in the fourth quarter valued at $27,000. Acumen Wealth Advisors LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter worth about $28,000. Dorato Capital Management bought a new stake in shares of Kinder Morgan during the 4th quarter worth about $30,000. Finally, Basepoint Wealth LLC acquired a new position in Kinder Morgan in the 4th quarter valued at about $30,000. 62.52% of the stock is owned by institutional investors and hedge funds.
Kinder Morgan Company Profile
(
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.
Further Reading
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