Thomas A. Martin Sells 19,121 Shares of Kinder Morgan, Inc. (NYSE:KMI) Stock

Kinder Morgan, Inc. (NYSE:KMI) President Thomas A. Martin sold 19,121 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total transaction of $502,499.88. Following the completion of the sale, the president now directly owns 897,652 shares of the company’s stock, valued at $23,590,294.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Kinder Morgan Stock Up 1.8 %

KMI stock opened at $26.88 on Friday. The company has a market capitalization of $59.72 billion, a P/E ratio of 23.58, a price-to-earnings-growth ratio of 3.63 and a beta of 0.91. The firm’s fifty day simple moving average is $23.28 and its 200-day simple moving average is $21.17. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. Kinder Morgan, Inc. has a 12 month low of $16.17 and a 12 month high of $27.00.

Kinder Morgan (NYSE:KMI) last announced its earnings results 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). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter last year, the business earned $0.25 EPS. The company’s quarterly revenue was down 5.3% on a year-over-year basis. As a group, equities research analysts forecast that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders 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 yield of 4.28%. The ex-dividend date is Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.88%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KMI. Scotiabank increased their price objective on shares of Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 17th. Barclays raised their price target on Kinder Morgan from $22.00 to $24.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Morgan Stanley set a $26.00 price objective on Kinder Morgan in a research note on Friday, October 18th. The Goldman Sachs Group reissued a “conviction-buy” rating on shares of Kinder Morgan in a research note on Friday, October 18th. Finally, Wells Fargo & Company increased their price objective on shares of Kinder Morgan from $22.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $25.09.

Institutional Investors Weigh In On Kinder Morgan

A number of institutional investors have recently made changes to their positions in the stock. Mediolanum International Funds Ltd purchased a new stake in Kinder Morgan during the 1st quarter worth about $798,000. CFO4Life Group LLC raised its stake in shares of Kinder Morgan by 6.1% during the 1st quarter. CFO4Life Group LLC now owns 14,381 shares of the pipeline company’s stock worth $264,000 after buying an additional 830 shares during the last quarter. Duality Advisers LP increased its stake in shares of Kinder Morgan by 42.7% during the 1st quarter. Duality Advisers LP now owns 317,425 shares of the pipeline company’s stock worth $5,822,000 after purchasing an additional 94,984 shares in the last quarter. Empirical Finance LLC raised its holdings in shares of Kinder Morgan by 3.4% in the first quarter. Empirical Finance LLC now owns 71,248 shares of the pipeline company’s stock worth $1,307,000 after acquiring an additional 2,331 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in shares of Kinder Morgan by 5.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 271,569 shares of the pipeline company’s stock worth $4,981,000 after purchasing an additional 13,689 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

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.