Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $28.75, for a total value of $517,500.00. Following the sale, the president now directly owns 807,652 shares in the company, valued at approximately $23,219,995. The trade was a 2.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Kinder Morgan Stock Down 4.2 %
Shares of Kinder Morgan stock opened at $27.72 on Friday. Kinder Morgan, Inc. has a twelve month low of $17.61 and a twelve month high of $31.48. The stock has a market capitalization of $61.58 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 3.08 and a beta of 0.94. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. The business's 50 day simple moving average is $27.30 and its 200-day simple moving average is $26.55.
Kinder Morgan (NYSE:KMI - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.
Kinder Morgan Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan's payout ratio is 98.29%.
Wall Street Analyst Weigh In
KMI has been the subject of a number of recent analyst reports. Barclays upgraded Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price objective for the company in a research note on Monday, March 3rd. UBS Group raised their price target on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Wells Fargo & Company increased their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. boosted their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 5th. Finally, Scotiabank assumed coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They set a "sector perform" rating and a $26.00 price target on the stock. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Kinder Morgan currently has a consensus rating of "Moderate Buy" and an average price target of $29.64.
Read Our Latest Report on KMI
Institutional Investors Weigh In On Kinder Morgan
Large investors have recently made changes to their positions in the company. Versant Capital Management Inc boosted its position in shares of Kinder Morgan by 36.1% during the first quarter. Versant Capital Management Inc now owns 8,863 shares of the pipeline company's stock worth $253,000 after buying an additional 2,352 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in Kinder Morgan by 10.8% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 8,381 shares of the pipeline company's stock worth $239,000 after acquiring an additional 816 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Kinder Morgan by 32.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 871,438 shares of the pipeline company's stock worth $23,877,000 after purchasing an additional 215,446 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of Kinder Morgan during the fourth quarter valued at $17,918,000. Finally, Centaurus Financial Inc. raised its stake in shares of Kinder Morgan by 13.2% during the fourth quarter. Centaurus Financial Inc. now owns 13,527 shares of the pipeline company's stock valued at $371,000 after purchasing an additional 1,580 shares in the last quarter. Institutional investors and hedge funds 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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