Kinder Morgan, Inc. (NYSE:KMI) VP Sells $455,026.25 in Stock

Kinder Morgan, Inc. (NYSE:KMI) VP Sital K. Mody sold 21,413 shares of Kinder Morgan stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total value of $455,026.25. Following the completion of the sale, the vice president now owns 25,169 shares of the company’s stock, valued at approximately $534,841.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Kinder Morgan Stock Performance

Kinder Morgan stock opened at $21.37 on Friday. The stock’s 50 day moving average price is $19.96 and its 200 day moving average price is $18.61. The firm has a market capitalization of $47.43 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 3.21 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.38 and a current ratio of 0.37. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $21.86.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, July 17th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). The company had revenue of $3.57 billion for the quarter, compared to analyst estimates of $4.13 billion. Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The business’s revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm posted $0.24 earnings per share. As a group, sell-side analysts expect that Kinder Morgan, Inc. will post 1.23 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.38%. The ex-dividend date of this dividend is Wednesday, July 31st. Kinder Morgan’s payout ratio is 104.55%.

Hedge Funds Weigh In On Kinder Morgan

A number of institutional investors have recently made changes to their positions in KMI. Vanguard Group Inc. raised its position in shares of Kinder Morgan by 15.8% in the 1st quarter. Vanguard Group Inc. now owns 199,888,911 shares of the pipeline company’s stock valued at $3,665,963,000 after purchasing an additional 27,254,172 shares in the last quarter. Norges Bank acquired a new position in shares of Kinder Morgan in the 4th quarter valued at approximately $409,063,000. Confluence Investment Management LLC acquired a new position in shares of Kinder Morgan in the 1st quarter valued at approximately $87,627,000. Castle Hook Partners LP raised its position in shares of Kinder Morgan by 108.2% in the 1st quarter. Castle Hook Partners LP now owns 7,799,826 shares of the pipeline company’s stock valued at $143,049,000 after purchasing an additional 4,053,793 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP raised its position in shares of Kinder Morgan by 45.9% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 9,959,947 shares of the pipeline company’s stock valued at $182,665,000 after purchasing an additional 3,135,457 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KMI has been the subject of several recent analyst reports. Tudor Pickering upgraded Kinder Morgan to a “strong-buy” rating in a report on Thursday, May 30th. Argus upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Friday, July 19th. Wells Fargo & Company upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $18.00 to $22.00 in a report on Tuesday, June 4th. UBS Group boosted their target price on Kinder Morgan from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Finally, Scotiabank boosted their target price on Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 17th. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.25.

Kinder Morgan Company Profile

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.