Key Points
- Kinder Morgan VP Michael Garthwaite sold 1,550 shares for $52,157.50 under a pre-arranged Rule 10b5-1 plan, reducing his direct holdings by 3.17% to 47,313 shares.
- Kinder Morgan recently reported stronger-than-expected quarterly results, with earnings of $0.37 per share and revenue of $4.48 billion, up 10.8% year over year.
- Analysts maintain a “Moderate Buy” consensus, with an average price target of $35.47 versus the stock’s reported $33.59 opening price; institutional investors own 62.52% of the company.
Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) VP Michael Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $33.65, for a total value of $52,157.50. Following the completion of the sale, the vice president directly owned 47,313 shares in the company, valued at approximately $1,592,082.45. This represents a 3.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Kinder Morgan Stock Performance
KMI opened at $33.59 on Wednesday. The business's 50-day simple moving average is $31.77 and its 200 day simple moving average is $32.02. Kinder Morgan, Inc. has a 52-week low of $25.60 and a 52-week high of $34.81. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.36 and a current ratio of 0.46. The firm has a market capitalization of $74.79 billion, a PE ratio of 21.53, a PEG ratio of 2.35 and a beta of 0.59.
Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.06. The firm had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.22 billion. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%. The business's revenue was up 10.8% compared to the same quarter last year. During the same period last year, the company earned $0.28 earnings per share. As a group, sell-side analysts expect that Kinder Morgan, Inc. will post 1.55 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Kinder Morgan
A number of large investors have recently added to or reduced their stakes in the business. Evolution Wealth Management Inc. raised its position in shares of Kinder Morgan by 4,166.7% in the second quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company's stock valued at $25,000 after purchasing an additional 750 shares during the period. Transamerica Financial Advisors LLC lifted its stake in shares of Kinder Morgan by 72.9% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 778 shares of the pipeline company's stock worth $25,000 after buying an additional 328 shares during the last quarter. Frazier Financial Advisors LLC bought a new stake in shares of Kinder Morgan during the 1st quarter worth about $28,000. Bell Investment Advisors Inc boosted its holdings in shares of Kinder Morgan by 112.1% during the 2nd quarter. Bell Investment Advisors Inc now owns 946 shares of the pipeline company's stock worth $30,000 after buying an additional 500 shares during the period. Finally, Commonwealth Retirement Investments LLC bought a new stake in shares of Kinder Morgan during the 2nd quarter worth about $32,000. Institutional investors own 62.52% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the company. Melius Research began coverage on Kinder Morgan in a research note on Tuesday, September 22nd. They set a "buy" rating and a $38.00 price objective on the stock. Citigroup reissued a "neutral" rating and issued a $34.00 target price (up from $33.00) on shares of Kinder Morgan in a research note on Wednesday, July 29th. Argus boosted their target price on shares of Kinder Morgan from $36.00 to $38.00 and gave the stock a "buy" rating in a report on Tuesday, July 28th. JPMorgan Chase & Co. upped their price target on shares of Kinder Morgan from $34.00 to $36.00 and gave the stock a "neutral" rating in a research report on Friday, September 4th. Finally, Jefferies Financial Group dropped their price target on shares of Kinder Morgan from $35.00 to $33.00 and set a "hold" rating on the stock in a research report on Thursday, September 17th. Eleven analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Kinder Morgan presently has an average rating of "Moderate Buy" and an average target price of $35.47.
View Our Latest Analysis on Kinder Morgan
About Kinder Morgan
(
Get Free Report)
Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and other transportation and storage facilities. Its systems primarily support the movement, processing, and storage of natural gas, crude oil, refined petroleum products, and other energy commodities.
The company's natural gas business transports and stores natural gas for utilities, power generators, industrial customers, and other energy companies. Kinder Morgan also operates refined products and crude oil pipelines, liquids terminals, and carbon dioxide infrastructure.
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