Kinder Morgan (NYSE:KMI) VP Sells $51,615.00 in Stock

Kinder Morgan, Inc. (NYSE:KMI) VP Michael Garthwaite sold 1,550 shares of the business’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $33.30, for a total value of $51,615.00. Following the completion of the sale, the vice president owned 46,393 shares in the company, valued at $1,544,886.90. This represents a 3.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Kinder Morgan Price Performance

KMI opened at $33.42 on Friday. The stock’s 50-day moving average price is $31.20 and its 200 day moving average price is $28.54. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-month high of $34.24. The firm has a market cap of $74.35 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 3.01 and a beta of 0.68. The company has a current ratio of 0.64, a quick ratio of 0.50 and a debt-to-equity ratio of 0.95.

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

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.2925 per share. The ex-dividend date was Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a yield of 3.5%. Kinder Morgan’s dividend payout ratio is 85.40%.

Institutional Investors Weigh In On Kinder Morgan

Institutional investors have recently added to or reduced their stakes in the business. Board of the Pension Protection Fund purchased a new position in Kinder Morgan in the fourth quarter valued at approximately $27,000. Commonwealth Retirement Investments LLC purchased a new stake in shares of Kinder Morgan during the 4th quarter worth approximately $27,000. Acumen Wealth Advisors LLC acquired a new position in shares of Kinder Morgan in the 4th quarter valued at $28,000. Dorato Capital Management acquired a new position in shares of Kinder Morgan in the 4th quarter valued at $30,000. Finally, Basepoint Wealth LLC purchased a new position in shares of Kinder Morgan in the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on Kinder Morgan from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, March 13th. Morgan Stanley increased their price target on Kinder Morgan from $34.00 to $36.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a research note on Thursday, January 22nd. UBS Group restated a “buy” rating and set a $38.00 target price on shares of Kinder Morgan in a research note on Friday, December 12th. Finally, Royal Bank Of Canada raised their target price on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a “sector perform” rating in a report on Friday, February 27th. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.46.

About Kinder Morgan

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.