Kinder Morgan, Inc. (NYSE:KMI) EVP Sells $814,935.35 in Stock

Kinder Morgan, Inc. (NYSE:KMI) EVP Dax Sanders sold 30,127 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $27.05, for a total value of $814,935.35. Following the completion of the transaction, the executive vice president owned 292,000 shares in the company, valued at approximately $7,898,600. The trade was a 9.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Kinder Morgan Stock Up 1.1%

KMI opened at $26.85 on Thursday. The business has a 50 day simple moving average of $27.80 and a 200-day simple moving average of $27.38. Kinder Morgan, Inc. has a 12 month low of $20.56 and a 12 month high of $31.48. The stock has a market capitalization of $59.66 billion, a P/E ratio of 22.01, a P/E/G ratio of 3.34 and a beta of 0.78. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period in the previous year, the firm earned $0.26 EPS. The business’s revenue was up 13.2% on a year-over-year basis. On average, equities analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be paid a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Thursday, July 31st. Kinder Morgan’s dividend payout ratio (DPR) is presently 95.90%.

Hedge Funds Weigh In On Kinder Morgan

Hedge funds have recently bought and sold shares of the company. Sierra Ocean LLC increased its position in shares of Kinder Morgan by 927.1% in the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock valued at $25,000 after buying an additional 788 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new position in Kinder Morgan during the 2nd quarter valued at about $26,000. Fourth Dimension Wealth LLC acquired a new position in Kinder Morgan during the fourth quarter worth about $26,000. Morse Asset Management Inc purchased a new stake in shares of Kinder Morgan in the fourth quarter valued at about $27,000. Finally, JNBA Financial Advisors increased its stake in shares of Kinder Morgan by 669.2% during the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock worth $29,000 after purchasing an additional 870 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on KMI shares. JPMorgan Chase & Co. raised their price objective on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Morgan Stanley set a $34.00 price target on shares of Kinder Morgan in a research report on Monday, July 7th. TD Cowen started coverage on Kinder Morgan in a report on Monday, July 7th. They set a “buy” rating and a $34.00 price objective on the stock. Barclays reissued an “overweight” rating and issued a $32.00 target price (up from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Finally, Scotiabank lifted their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Friday, July 18th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $31.13.

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.