Kinder Morgan (NYSE:KMI) Shares Down 0.2% – Should You Sell?

Kinder Morgan, Inc. (NYSE:KMI)’s share price dropped 0.2% during trading on Friday . The company traded as low as $30.35 and last traded at $30.41. Approximately 2,526,401 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 14,277,969 shares. The stock had previously closed at $30.48.

Analyst Upgrades and Downgrades

KMI has been the subject of a number of recent research reports. Wells Fargo & Company lifted their target price on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday. Morgan Stanley lifted their target price on Kinder Morgan from $24.00 to $36.00 in a report on Thursday. Barclays lifted their target price on Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. UBS Group lifted their target price on Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, Mizuho lifted their target price on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday. Eight research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $28.92.

Kinder Morgan Trading Down 0.4 %

The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The stock has a 50-day simple moving average of $27.97 and a two-hundred day simple moving average of $24.37. The firm has a market capitalization of $67.44 billion, a P/E ratio of 25.95, a price-to-earnings-growth ratio of 4.13 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.10%. On average, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.27 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be given a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 3.79%. The ex-dividend date is Monday, February 3rd. Kinder Morgan’s payout ratio is 98.29%.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis bought 2,241 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were purchased at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the purchase, the director now directly owns 23,995 shares in the company, valued at $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the transaction, the president now owns 861,652 shares in the company, valued at approximately $24,048,707.32. This trade represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 55,121 shares of company stock valued at $1,497,000. Corporate insiders own 12.64% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Retirement Wealth Solutions LLC purchased a new stake in Kinder Morgan during the 4th quarter valued at about $25,000. Modus Advisors LLC purchased a new stake in Kinder Morgan during the 4th quarter valued at about $27,000. Northwest Investment Counselors LLC purchased a new stake in Kinder Morgan during the 3rd quarter valued at about $28,000. Heck Capital Advisors LLC purchased a new stake in Kinder Morgan during the 4th quarter valued at about $29,000. Finally, HWG Holdings LP purchased a new stake in Kinder Morgan during the 2nd quarter valued at about $30,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

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.