Kinder Morgan, Inc. (NYSE:KMI) President Sells $517,500.00 in Stock

Kinder Morgan, Inc. (NYSE:KMI) President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $28.75, for a total transaction of $517,500.00. Following the sale, the president now directly owns 807,652 shares of the company’s stock, valued at approximately $23,219,995. This trade represents a 2.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Kinder Morgan Stock Performance

KMI traded down $1.21 during trading hours on Thursday, hitting $27.72. 16,696,917 shares of the stock were exchanged, compared to its average volume of 13,716,365. The stock has a market cap of $61.58 billion, a price-to-earnings ratio of 23.69, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. Kinder Morgan, Inc. has a 12 month low of $17.61 and a 12 month high of $31.48. The stock has a 50-day simple moving average of $27.35 and a 200-day simple moving average of $26.54. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data 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 8.09%. Analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.15%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is 98.29%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Edgestream Partners L.P. grew its position in shares of Kinder Morgan by 643.2% during the third quarter. Edgestream Partners L.P. now owns 79,732 shares of the pipeline company’s stock worth $1,761,000 after acquiring an additional 69,004 shares during the last quarter. Erste Asset Management GmbH bought a new position in Kinder Morgan in the 3rd quarter worth about $1,449,000. Hilltop Holdings Inc. increased its stake in shares of Kinder Morgan by 31.7% in the third quarter. Hilltop Holdings Inc. now owns 58,815 shares of the pipeline company’s stock valued at $1,299,000 after purchasing an additional 14,141 shares during the period. HighTower Advisors LLC raised its holdings in shares of Kinder Morgan by 1.1% during the third quarter. HighTower Advisors LLC now owns 1,308,481 shares of the pipeline company’s stock valued at $28,887,000 after buying an additional 14,461 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of Kinder Morgan by 102.0% during the third quarter. Janus Henderson Group PLC now owns 494,385 shares of the pipeline company’s stock worth $10,923,000 after buying an additional 249,640 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on KMI. Morgan Stanley upped their target price on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Scotiabank started coverage on Kinder Morgan in a report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price target for the company. Citigroup lifted their price objective on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. UBS Group upped their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. raised their price target on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, March 5th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $29.64.

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.