Kinder Morgan, Inc. (KMI) To Go Ex-Dividend on February 3rd

Kinder Morgan, Inc. (NYSE:KMI) announced a quarterly dividend on Wednesday, January 22nd,RTT News reports. Stockholders of record on Monday, February 3rd will be paid a dividend of 0.2875 per share by the pipeline company on Tuesday, February 18th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date is Monday, February 3rd.

Kinder Morgan has raised its dividend payment by an average of 2.2% annually over the last three years. Kinder Morgan has a payout ratio of 80.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Kinder Morgan to earn $1.30 per share next year, which means the company should continue to be able to cover its $1.15 annual dividend with an expected future payout ratio of 88.5%.

Kinder Morgan Trading Down 0.9 %

NYSE:KMI opened at $30.50 on Friday. The company has a 50 day simple moving average of $27.90 and a two-hundred day simple moving average of $24.32. The company has a market cap of $67.77 billion, a PE ratio of 26.07, a price-to-earnings-growth ratio of 4.13 and a beta of 0.94. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. Kinder Morgan has a 12 month low of $16.47 and a 12 month high of $31.48.

Kinder Morgan (NYSE:KMI) last posted 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%. Research analysts forecast that Kinder Morgan will post 1.27 earnings per share for the current year.

Insider Buying and Selling at Kinder Morgan

In other news, Director Amy W. Chronis purchased 2,241 shares of the stock in a transaction dated Tuesday, November 5th. The shares were acquired at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the acquisition, the director now owns 23,995 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Thomas A. Martin sold 19,121 shares of Kinder Morgan stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total transaction of $502,499.88. Following the completion of the transaction, the president now directly owns 897,652 shares in the company, valued at $23,590,294.56. This represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,121 shares of company stock valued at $1,497,000. 12.64% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KMI. Royal Bank of Canada increased their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. Mizuho boosted their price target on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday. The Goldman Sachs Group lifted their price objective on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Bank of America initiated coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They issued a “buy” rating and a $27.00 target price for the company. Finally, Truist Financial upped their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday. Eight analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.92.

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.