Kinder Morgan (NYSE:KMI) VP John Schlosser Sells 6,166 Shares of Stock

Kinder Morgan, Inc. (NYSE:KMI) VP John Schlosser sold 6,166 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $30.09, for a total transaction of $185,534.94. Following the transaction, the vice president directly owned 195,038 shares in the company, valued at approximately $5,868,693.42. This trade represents a 3.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Kinder Morgan Stock Up 0.5%

Shares of Kinder Morgan stock traded up $0.16 during trading on Friday, reaching $30.49. The company’s stock had a trading volume of 429,833 shares, compared to its average volume of 15,196,990. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 1-year low of $23.94 and a 1-year high of $30.57. The company has a market cap of $67.84 billion, a price-to-earnings ratio of 22.25, a P/E/G ratio of 2.47 and a beta of 0.70. The company has a 50-day simple moving average of $27.83 and a two-hundred day simple moving average of $27.36.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.33 billion. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The firm’s revenue was up 13.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 earnings per share. As a group, equities analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd will be given a dividend of $0.2925 per share. The ex-dividend date is Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.8%. Kinder Morgan’s dividend payout ratio (DPR) is currently 85.40%.

Hedge Funds Weigh In On Kinder Morgan

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC acquired a new position in Kinder Morgan during the 4th quarter valued at about $308,000. Grimes & Company Inc. raised its stake in Kinder Morgan by 3.9% during the 2nd quarter. Grimes & Company Inc. now owns 13,274 shares of the pipeline company’s stock valued at $390,000 after acquiring an additional 503 shares in the last quarter. Valeo Financial Advisors LLC grew its stake in shares of Kinder Morgan by 2.1% in the second quarter. Valeo Financial Advisors LLC now owns 40,027 shares of the pipeline company’s stock worth $1,177,000 after purchasing an additional 805 shares in the last quarter. Belpointe Asset Management LLC raised its stake in shares of Kinder Morgan by 6.1% during the second quarter. Belpointe Asset Management LLC now owns 27,194 shares of the pipeline company’s stock valued at $800,000 after purchasing an additional 1,557 shares in the last quarter. Finally, KLP Kapitalforvaltning AS increased its stake in shares of Kinder Morgan by 2.4% during the second quarter. KLP Kapitalforvaltning AS now owns 820,784 shares of the pipeline company’s stock valued at $24,131,000 after acquiring an additional 19,200 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on KMI shares. Freedom Capital raised Kinder Morgan from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 28th. Stifel Nicolaus raised their price target on Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Tuesday, November 11th. UBS Group reissued a “buy” rating and issued a $38.00 price objective on shares of Kinder Morgan in a report on Friday, December 12th. Mizuho lowered their price objective on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a research report on Friday, November 14th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a report on Thursday, January 22nd. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.38.

Kinder Morgan Company Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.