Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) Director Amy W. Chronis purchased 2,241 shares of the firm's stock in a transaction dated Tuesday, November 5th. The shares were bought at an average cost of $24.89 per share, with a total value of $55,778.49. Following the transaction, the director now directly owns 23,995 shares of the company's stock, valued at approximately $597,235.55. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Kinder Morgan Price Performance
NYSE KMI opened at $26.34 on Thursday. The company has a 50-day moving average price of $23.07 and a two-hundred day moving average price of $21.08. Kinder Morgan, Inc. has a 52 week low of $16.17 and a 52 week high of $26.58. The stock has a market cap of $58.52 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 3.05 and a beta of 0.91. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95.
Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by ($0.02). The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The business's quarterly revenue was down 5.3% compared to the same quarter last year. During the same period last year, the company earned $0.25 earnings per share. Analysts forecast that Kinder Morgan, Inc. will post 1.18 EPS for the current year.
Kinder Morgan Announces Dividend
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend is Thursday, October 31st. Kinder Morgan's dividend payout ratio is currently 100.88%.
Analysts Set New Price Targets
Several brokerages have weighed in on KMI. JPMorgan Chase & Co. raised their price objective on shares of Kinder Morgan from $20.00 to $23.00 and gave the stock a "neutral" rating in a report on Thursday, July 25th. Barclays lifted their price target on Kinder Morgan from $22.00 to $24.00 and gave the stock an "equal weight" rating in a research note on Monday. The Goldman Sachs Group reaffirmed a "conviction-buy" rating on shares of Kinder Morgan in a report on Friday, October 18th. Bank of America initiated coverage on Kinder Morgan in a report on Thursday, October 17th. They issued a "buy" rating and a $27.00 price target for the company. Finally, Scotiabank raised their price objective on Kinder Morgan from $19.00 to $21.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 17th. Eight analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.09.
Get Our Latest Report on Kinder Morgan
Hedge Funds Weigh In On Kinder Morgan
A number of institutional investors and hedge funds have recently bought and sold shares of KMI. SignalPoint Asset Management LLC lifted its stake in shares of Kinder Morgan by 1.5% in the 3rd quarter. SignalPoint Asset Management LLC now owns 30,059 shares of the pipeline company's stock worth $655,000 after acquiring an additional 447 shares during the period. Trust Co. of Oklahoma lifted its position in Kinder Morgan by 1.5% in the third quarter. Trust Co. of Oklahoma now owns 33,586 shares of the pipeline company's stock worth $742,000 after purchasing an additional 486 shares during the period. Pinnacle West Asset Management Inc. boosted its stake in Kinder Morgan by 0.5% during the 3rd quarter. Pinnacle West Asset Management Inc. now owns 96,150 shares of the pipeline company's stock valued at $2,124,000 after purchasing an additional 500 shares in the last quarter. Carson Advisory Inc. increased its position in shares of Kinder Morgan by 3.4% during the 3rd quarter. Carson Advisory Inc. now owns 15,901 shares of the pipeline company's stock valued at $351,000 after purchasing an additional 522 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of Kinder Morgan by 0.3% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 165,827 shares of the pipeline company's stock worth $3,295,000 after buying an additional 530 shares in the last quarter. Institutional investors own 62.52% of the company's stock.
About Kinder Morgan
(
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Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.
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