Kinder Morgan (NYSE:KMI) Director William Smith Buys 3,000 Shares

Kinder Morgan, Inc. (NYSE:KMI) Director William Smith acquired 3,000 shares of Kinder Morgan stock in a transaction dated Monday, February 2nd. The shares were acquired at an average price of $29.75 per share, with a total value of $89,250.00. Following the transaction, the director owned 31,087 shares in the company, valued at approximately $924,838.25. This represents a 10.68% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Kinder Morgan Stock Up 2.3%

KMI stock opened at $30.31 on Wednesday. The firm has a market cap of $67.42 billion, a PE ratio of 22.12, a P/E/G ratio of 2.40 and a beta of 0.70. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $30.57. The firm has a 50 day simple moving average of $27.71 and a 200 day simple moving average of $27.32. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.64 and a quick ratio of 0.49.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The business had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same period last year, the company posted $0.30 EPS. The company’s revenue was up 13.1% compared to the same quarter last year. Equities research analysts forecast 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 Tuesday, February 17th. Shareholders of record on Monday, February 2nd will be given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 3.9%. The ex-dividend date is Monday, February 2nd. Kinder Morgan’s payout ratio is presently 85.40%.

Institutional Trading of Kinder Morgan

A number of institutional investors and hedge funds have recently modified their holdings of the company. Brighton Jones LLC bought a new position in shares of Kinder Morgan in the fourth quarter worth about $308,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Kinder Morgan by 8.6% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 264,264 shares of the pipeline company’s stock valued at $7,769,000 after buying an additional 20,981 shares during the last quarter. Clarius Group LLC increased its position in Kinder Morgan by 76.8% in the 2nd quarter. Clarius Group LLC now owns 15,605 shares of the pipeline company’s stock worth $459,000 after buying an additional 6,778 shares during the period. Grimes & Company Inc. lifted its holdings in shares of Kinder Morgan by 3.9% during the second quarter. Grimes & Company Inc. now owns 13,274 shares of the pipeline company’s stock worth $390,000 after buying an additional 503 shares during the last quarter. Finally, Woodmont Investment Counsel LLC bought a new stake in Kinder Morgan in the 2nd quarter valued at $241,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on KMI. Scotiabank increased their price objective on Kinder Morgan from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday, January 23rd. Stifel Nicolaus raised their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Tuesday, November 11th. Royal Bank Of Canada upped their price objective on shares of Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a research note on Thursday, November 13th. TD Cowen increased their target price on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Finally, Morgan Stanley restated a “buy” rating on shares of Kinder Morgan in a report on Friday. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.38.

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.