Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) VP John Schlosser sold 6,166 shares of the firm's stock in a transaction on Monday, April 6th. The stock was sold at an average price of $32.93, for a total value of $203,046.38. Following the sale, the vice president directly owned 182,706 shares of the company's stock, valued at approximately $6,016,508.58. This trade represents a 3.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Kinder Morgan Price Performance
KMI stock opened at $33.15 on Tuesday. The business has a fifty day moving average of $32.49 and a two-hundred day moving average of $29.10. The company has a quick ratio of 0.50, a current ratio of 0.64 and a debt-to-equity ratio of 0.95. The stock has a market cap of $73.76 billion, a price-to-earnings ratio of 24.20, a price-to-earnings-growth ratio of 3.01 and a beta of 0.64. Kinder Morgan, Inc. has a 52-week low of $23.94 and a 52-week high of $34.73.
Kinder Morgan (NYSE:KMI - Get Free Report) last posted its earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The company had revenue of $4.51 billion during the quarter, compared to analysts' expectations of $4.33 billion. During the same quarter last year, the firm earned $0.30 earnings per share. The firm's quarterly revenue was up 13.1% compared to the same quarter last year. As a group, research analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.
Kinder Morgan Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd were given 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 dividend yield of 3.5%. Kinder Morgan's dividend payout ratio (DPR) is currently 85.40%.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on KMI. Weiss Ratings reiterated a "buy (b)" rating on shares of Kinder Morgan in a research report on Thursday, January 22nd. UBS Group reaffirmed a "buy" rating and issued a $38.00 price objective on shares of Kinder Morgan in a research note on Friday, December 12th. Citigroup lifted their price objective on Kinder Morgan from $28.00 to $33.00 and gave the company a "neutral" rating in a research note on Monday, March 30th. Morgan Stanley lifted their price objective on Kinder Morgan from $34.00 to $36.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 3rd. Finally, Freedom Capital raised Kinder Morgan from a "strong sell" rating to a "hold" rating in a research note on Wednesday, January 28th. Eight research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat, Kinder Morgan has a consensus rating of "Hold" and an average price target of $34.33.
Get Our Latest Report on Kinder Morgan
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. TD Capital Management LLC grew its holdings in Kinder Morgan by 36.0% during the 4th quarter. TD Capital Management LLC now owns 1,220 shares of the pipeline company's stock worth $34,000 after acquiring an additional 323 shares in the last quarter. Loomis Sayles & Co. L P grew its holdings in Kinder Morgan by 13.0% during the 4th quarter. Loomis Sayles & Co. L P now owns 2,860 shares of the pipeline company's stock worth $79,000 after acquiring an additional 329 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in Kinder Morgan by 4.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 8,445 shares of the pipeline company's stock worth $232,000 after acquiring an additional 333 shares in the last quarter. Waddell & Associates LLC boosted its position in shares of Kinder Morgan by 1.3% during the 4th quarter. Waddell & Associates LLC now owns 26,206 shares of the pipeline company's stock worth $720,000 after acquiring an additional 336 shares in the last quarter. Finally, Abbot Financial Management Inc. boosted its position in shares of Kinder Morgan by 0.8% during the 4th quarter. Abbot Financial Management Inc. now owns 44,707 shares of the pipeline company's stock worth $1,229,000 after acquiring an additional 338 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.
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.
Further Reading
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