Kinder Morgan, Inc. (NYSE:KMI) VP Sells $455,026.25 in Stock

Kinder Morgan, Inc. (NYSE:KMI) VP Sital K. Mody sold 21,413 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total value of $455,026.25. Following the sale, the vice president now owns 25,169 shares in the company, valued at $534,841.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Kinder Morgan Stock Performance

Kinder Morgan stock traded up $0.03 during mid-day trading on Thursday, reaching $21.08. 20,800,233 shares of the stock traded hands, compared to its average volume of 14,211,934. The stock has a market capitalization of $46.79 billion, a PE ratio of 19.16, a price-to-earnings-growth ratio of 3.28 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.37 and a quick ratio of 0.38. Kinder Morgan, Inc. has a 12-month low of $15.89 and a 12-month high of $21.86. The business’s 50-day moving average is $19.90 and its 200-day moving average is $18.57.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The firm had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $4.13 billion. Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.24 EPS. As a group, sell-side analysts predict that Kinder Morgan, Inc. will post 1.23 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date of this dividend is Wednesday, July 31st. Kinder Morgan’s payout ratio is 104.55%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on KMI. Tudor Pickering upgraded Kinder Morgan to a “strong-buy” rating in a research report on Thursday, May 30th. JPMorgan Chase & Co. boosted their target price on Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday. UBS Group boosted their target price on Kinder Morgan from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Argus raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Friday, July 19th. Finally, Wells Fargo & Company raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $18.00 to $22.00 in a report on Tuesday, June 4th. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average target price of $22.00.

Institutional Trading of Kinder Morgan

A number of hedge funds and other institutional investors have recently bought and sold shares of KMI. Vanguard Group Inc. increased its position in Kinder Morgan by 15.8% in the first quarter. Vanguard Group Inc. now owns 199,888,911 shares of the pipeline company’s stock worth $3,665,963,000 after buying an additional 27,254,172 shares in the last quarter. Norges Bank bought a new stake in Kinder Morgan during the 4th quarter valued at approximately $409,063,000. Confluence Investment Management LLC bought a new stake in Kinder Morgan during the 1st quarter valued at approximately $87,627,000. Castle Hook Partners LP raised its stake in Kinder Morgan by 108.2% during the 1st quarter. Castle Hook Partners LP now owns 7,799,826 shares of the pipeline company’s stock valued at $143,049,000 after purchasing an additional 4,053,793 shares during the period. Finally, Kayne Anderson Capital Advisors LP raised its stake in Kinder Morgan by 45.9% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 9,959,947 shares of the pipeline company’s stock valued at $182,665,000 after purchasing an additional 3,135,457 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

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.