Kinder Morgan (NYSE:KMI) Trading 0% Higher – Here’s Why

Shares of Kinder Morgan, Inc. (NYSE:KMI) rose 0% during trading on Thursday . The company traded as high as $26.48 and last traded at $26.29. Approximately 2,970,203 shares changed hands during trading, a decline of 81% from the average daily volume of 15,733,285 shares. The stock had previously closed at $26.28.

Analyst Upgrades and Downgrades

Several research firms have recently commented on KMI. Citigroup upped their price objective on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. UBS Group upped their price target on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Wells Fargo & Company upped their price target on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Mizuho increased their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Finally, Truist Financial increased their price objective on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Nine research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and a consensus price target of $29.14.

Kinder Morgan Stock Performance

The stock has a market capitalization of $59.11 billion, a PE ratio of 22.74, a price-to-earnings-growth ratio of 3.16 and a beta of 0.94. The business’s fifty day moving average is $27.80 and its two-hundred day moving average is $25.10. The company has a quick ratio of 0.35, a current ratio of 0.49 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. As a group, research analysts anticipate that Kinder Morgan, Inc. will post 1.23 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date is Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is 98.29%.

Insiders Place Their Bets

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the transaction, the president now owns 861,652 shares in the company, valued at $24,048,707.32. The trade was a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 54,000 shares of company stock valued at $1,493,100 over the last three months. 12.64% of the stock is owned by company insiders.

Institutional Trading of Kinder Morgan

Large investors have recently made changes to their positions in the stock. Retirement Wealth Solutions LLC purchased a new stake in shares of Kinder Morgan during the fourth quarter valued at $25,000. Centricity Wealth Management LLC purchased a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $25,000. Hurley Capital LLC purchased a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $25,000. Modus Advisors LLC purchased a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $27,000. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of Kinder Morgan in the 3rd quarter worth $28,000. 62.52% of the stock is 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.