Insider Selling: Kinder Morgan, Inc. (NYSE:KMI) President Sells 19,121 Shares of Stock

Kinder Morgan, Inc. (NYSE:KMI) President Thomas A. Martin sold 19,121 shares of the business’s 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 transaction, the president now owns 897,652 shares in the company, valued at approximately $23,590,294.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Kinder Morgan Trading Up 0.2 %

Shares of KMI stock opened at $26.41 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $58.67 billion, a P/E ratio of 23.17, a P/E/G ratio of 3.05 and a beta of 0.91. Kinder Morgan, Inc. has a twelve month low of $16.17 and a twelve month high of $26.58. The stock’s fifty day simple moving average is $23.07 and its 200 day simple moving average is $21.08.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the company earned $0.25 EPS. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. As a group, sell-side analysts predict that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a $0.2875 dividend. The ex-dividend date is Thursday, October 31st. This represents a $1.15 annualized dividend and a dividend yield of 4.35%. Kinder Morgan’s dividend payout ratio is 100.88%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada lifted their price target on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. Stifel Nicolaus raised their price target on Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a report on Tuesday, August 27th. Morgan Stanley set a $26.00 price target on shares of Kinder Morgan in a research note on Friday, October 18th. UBS Group boosted their price target on Kinder Morgan from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company raised their price target on shares of Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average price target of $25.09.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Global Retirement Partners LLC lifted its stake in shares of Kinder Morgan by 3.5% in the third quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company’s stock worth $504,000 after acquiring an additional 776 shares during the period. Czech National Bank boosted its stake in shares of Kinder Morgan by 6.9% in the 3rd quarter. Czech National Bank now owns 393,351 shares of the pipeline company’s stock valued at $8,689,000 after purchasing an additional 25,406 shares during the last quarter. Valley National Advisers Inc. increased its position in shares of Kinder Morgan by 1,512.7% during the third quarter. Valley National Advisers Inc. now owns 88,583 shares of the pipeline company’s stock worth $1,956,000 after buying an additional 83,090 shares during the period. LSV Asset Management bought a new position in Kinder Morgan during the first quarter worth $8,818,000. Finally, Duality Advisers LP lifted its holdings in Kinder Morgan by 42.7% in the first quarter. Duality Advisers LP now owns 317,425 shares of the pipeline company’s stock valued at $5,822,000 after buying an additional 94,984 shares during the period. 62.52% of the stock is owned by 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.