Insider Selling: Kinder Morgan, Inc. (NYSE:KMI) President Sells 18,000 Shares of Stock

Kinder Morgan, Inc. (NYSE:KMI) President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the sale, the president now directly owns 861,652 shares of the company’s stock, valued at $24,048,707.32. This represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $28.27 on Friday. The business has a fifty day simple moving average of $26.89 and a 200-day simple moving average of $23.39. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $28.81. The company has a market cap of $62.81 billion, a P/E ratio of 24.80, a P/E/G ratio of 3.87 and a beta of 0.94. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 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 company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the company earned $0.25 EPS. The company’s revenue was down 5.3% compared to the same quarter last year. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date of this dividend was Thursday, October 31st. Kinder Morgan’s payout ratio is currently 100.88%.

Hedge Funds Weigh In On Kinder Morgan

A number of large investors have recently modified their holdings of KMI. Everence Capital Management Inc. acquired a new stake in Kinder Morgan during the 4th quarter worth approximately $3,888,000. Modus Advisors LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter worth $27,000. GAMMA Investing LLC raised its stake in shares of Kinder Morgan by 18.1% in the 4th quarter. GAMMA Investing LLC now owns 32,183 shares of the pipeline company’s stock valued at $882,000 after acquiring an additional 4,923 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Kinder Morgan by 161.3% during the 4th quarter. Versant Capital Management Inc now owns 6,511 shares of the pipeline company’s stock valued at $178,000 after acquiring an additional 4,019 shares in the last quarter. Finally, Penney Financial LLC purchased a new stake in Kinder Morgan during the 3rd quarter worth $207,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KMI has been the subject of a number of research analyst reports. Morgan Stanley set a $26.00 price target on shares of Kinder Morgan in a report on Friday, October 18th. Truist Financial lifted their price objective on Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Bank of America initiated coverage on Kinder Morgan in a research report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price target for the company. The Goldman Sachs Group boosted their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Wells Fargo & Company lifted their target price on shares of Kinder Morgan from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average price target of $26.25.

About Kinder Morgan

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.