Kinder Morgan (NYSE:KMI) VP Sells 6,200 Shares of Stock

Kinder Morgan, Inc. (NYSE:KMI) VP John Schlosser sold 6,200 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $31.00, for a total value of $192,200.00. Following the completion of the sale, the vice president directly owned 158,008 shares in the company, valued at approximately $4,898,248. The trade was a 3.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kinder Morgan Price Performance

Shares of KMI traded up $0.64 during mid-day trading on Tuesday, hitting $31.20. 10,766,507 shares of the stock were exchanged, compared to its average volume of 12,480,552. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.55 and a current ratio of 0.67. The company has a market cap of $69.52 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 2.20 and a beta of 0.58. Kinder Morgan, Inc. has a 52-week low of $26.24 and a 52-week high of $34.81. The firm has a 50-day moving average of $32.06 and a two-hundred day moving average of $32.13.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, October 21st. The pipeline company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Kinder Morgan had a net margin of 19.64% and a return on equity of 10.84%. The firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.37 billion. During the same period last year, the firm posted $0.29 earnings per share. Kinder Morgan’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, equities analysts predict that Kinder Morgan, Inc. will post 1.57 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 2nd will be given a dividend of $0.2975 per share. The ex-dividend date is Monday, November 2nd. This represents a $1.19 annualized dividend and a yield of 3.8%. Kinder Morgan’s dividend payout ratio (DPR) is 73.46%.

Institutional Investors Weigh In On Kinder Morgan

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Kinder Morgan by 1.1% during the 2nd quarter. BlackRock Inc. now owns 175,834,246 shares of the pipeline company’s stock worth $5,621,421,000 after purchasing an additional 1,875,143 shares during the period. State Street Corp grew its holdings in Kinder Morgan by 4.3% during the 2nd quarter. State Street Corp now owns 130,863,419 shares of the pipeline company’s stock valued at $4,183,704,000 after purchasing an additional 5,361,578 shares during the last quarter. Bank of America Corp DE grew its holdings in Kinder Morgan by 1.4% during the 1st quarter. Bank of America Corp DE now owns 62,018,394 shares of the pipeline company’s stock valued at $2,079,477,000 after purchasing an additional 836,571 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Kinder Morgan by 2.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 17,237,384 shares of the pipeline company’s stock worth $577,998,000 after purchasing an additional 448,130 shares during the period. Finally, Amundi raised its position in Kinder Morgan by 5.8% in the 1st quarter. Amundi now owns 15,130,700 shares of the pipeline company’s stock worth $507,332,000 after purchasing an additional 831,125 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. BMO Capital Markets lifted their price objective on shares of Kinder Morgan from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Thursday, October 22nd. Weiss Ratings cut shares of Kinder Morgan from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, November 4th. Morgan Stanley decreased their target price on shares of Kinder Morgan from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 3rd. TD Cowen increased their price target on shares of Kinder Morgan from $38.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, October 22nd. Finally, Argus lifted their price target on Kinder Morgan from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Twelve equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $37.15.

Kinder Morgan Company Profile

Kinder Morgan, Inc. (NYSE: KMI) is an energy infrastructure company that transports and stores natural gas, crude oil, refined petroleum products and other energy-related commodities. Its assets include pipelines, terminals and storage facilities serving energy producers, utilities, industrial customers and other markets across the United States and Canada. The company’s operations include natural gas transportation and storage, refined-products and crude-oil pipelines, bulk and liquids terminals, and carbon dioxide transportation.