Kinder Morgan (NYSE:KMI) VP Sells $185,534.94 in Stock

Kinder Morgan, Inc. (NYSE:KMI) VP John Schlosser sold 6,166 shares of the company’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $30.09, for a total value of $185,534.94. Following the completion of the sale, the vice president directly owned 195,038 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Kinder Morgan Trading Up 0.8%

Shares of NYSE KMI traded up $0.25 during midday trading on Thursday, reaching $30.31. 11,519,748 shares of the stock were exchanged, compared to its average volume of 15,828,915. The company has a market capitalization of $67.43 billion, a price-to-earnings ratio of 22.12, a P/E/G ratio of 2.49 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 company has a debt-to-equity ratio of 0.95, a current ratio of 0.64 and a quick ratio of 0.49. The business has a 50-day simple moving average of $27.77 and a two-hundred day simple moving average of $27.34.

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

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders 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 dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, February 2nd. Kinder Morgan’s dividend payout ratio is currently 85.40%.

Analyst Ratings Changes

KMI has been the topic of a number of recent research reports. Stifel Nicolaus lifted their target price on Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Tuesday, November 11th. Royal Bank Of Canada raised their target price 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. Morgan Stanley reaffirmed a “buy” rating on shares of Kinder Morgan in a research report on Friday, January 30th. TD Cowen lifted their target price on Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Finally, Jefferies Financial Group boosted their price target on Kinder Morgan from $29.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, January 22nd. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Kinder Morgan presently has an average rating of “Moderate Buy” and a consensus price target of $32.38.

Institutional Trading of Kinder Morgan

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Gamco Investors INC. ET AL grew its position in shares of Kinder Morgan by 15.4% in the 4th quarter. Gamco Investors INC. ET AL now owns 13,180 shares of the pipeline company’s stock valued at $362,000 after buying an additional 1,760 shares during the last quarter. RiverFront Investment Group LLC grew its holdings in Kinder Morgan by 8.0% in the fourth quarter. RiverFront Investment Group LLC now owns 109,721 shares of the pipeline company’s stock worth $3,016,000 after purchasing an additional 8,136 shares during the period. North Dakota State Investment Board bought a new stake in Kinder Morgan in the fourth quarter valued at $1,833,000. Elyxium Wealth LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at about $65,000. Finally, L & S Advisors Inc raised its stake in Kinder Morgan by 2.3% during the 4th quarter. L & S Advisors Inc now owns 140,479 shares of the pipeline company’s stock worth $3,862,000 after buying an additional 3,126 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

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.