Kinder Morgan, Inc. (NYSE:KMI) President Thomas A. Martin Sells 18,000 Shares

Kinder Morgan, Inc. (NYSE:KMI) President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $28.75, for a total value of $517,500.00. Following the completion of the sale, the president now owns 807,652 shares of the company’s stock, valued at approximately $23,219,995. The trade was a 2.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Kinder Morgan Stock Down 8.9 %

Kinder Morgan stock opened at $25.27 on Friday. Kinder Morgan, Inc. has a twelve month low of $17.61 and a twelve month high of $31.48. The company has a quick ratio of 0.39, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The company has a 50 day moving average of $27.20 and a 200-day moving average of $26.58. The stock has a market capitalization of $56.14 billion, a PE ratio of 21.59, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. On average, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.55%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s payout ratio is 98.29%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KMI. Royal Bank of Canada boosted their price target on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research note on Monday, March 3rd. Mizuho increased their price target on Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Barclays raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective for the company in a research note on Monday, March 3rd. Wells Fargo & Company increased their target price on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, Truist Financial boosted their target price on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Kinder Morgan has an average rating of “Moderate Buy” and a consensus target price of $29.64.

Hedge Funds Weigh In On Kinder Morgan

Hedge funds have recently made changes to their positions in the business. Moody National Bank Trust Division grew its position in Kinder Morgan by 10.0% in the first quarter. Moody National Bank Trust Division now owns 15,885 shares of the pipeline company’s stock valued at $453,000 after purchasing an additional 1,449 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Kinder Morgan by 36.1% in the 1st quarter. Versant Capital Management Inc now owns 8,863 shares of the pipeline company’s stock valued at $253,000 after acquiring an additional 2,352 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Kinder Morgan by 10.8% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 8,381 shares of the pipeline company’s stock valued at $239,000 after acquiring an additional 816 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Kinder Morgan by 32.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 871,438 shares of the pipeline company’s stock worth $23,877,000 after acquiring an additional 215,446 shares in the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ acquired a new position in Kinder Morgan during the fourth quarter valued at approximately $17,918,000. 62.52% of the stock is owned by institutional investors.

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.