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 firm’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 of the company’s stock, valued at approximately $1,544,886.90. This trade represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Kinder Morgan Price Performance

NYSE KMI traded down $0.04 on Tuesday, hitting $33.27. 11,722,179 shares of the company were exchanged, compared to its average volume of 14,277,696. Kinder Morgan, Inc. has a 1-year low of $23.94 and a 1-year high of $34.24. The firm has a 50 day moving average of $30.84 and a two-hundred day moving average of $28.43. The company has a current ratio of 0.64, a quick ratio of 0.50 and a debt-to-equity ratio of 0.95. The company has a market cap of $74.02 billion, a P/E ratio of 24.29, a P/E/G ratio of 3.08 and a beta of 0.68.

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

Kinder Morgan Announces Dividend

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

Wall Street Analyst Weigh In

KMI has been the subject of a number of research reports. Scotiabank lifted their price objective on Kinder Morgan from $30.00 to $31.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Stifel Nicolaus raised their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the company a “hold” rating in a research note on Friday. Freedom Capital upgraded shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a research note on Thursday, January 22nd. Finally, Royal Bank Of Canada increased their price objective 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 given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $33.46.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. TD Capital Management LLC raised its position in shares of Kinder Morgan by 36.0% during the fourth quarter. TD Capital Management LLC now owns 1,220 shares of the pipeline company’s stock worth $34,000 after purchasing an additional 323 shares during the period. Loomis Sayles & Co. L P raised its holdings in Kinder Morgan by 13.0% during the 4th quarter. Loomis Sayles & Co. L P now owns 2,860 shares of the pipeline company’s stock worth $79,000 after buying an additional 329 shares during the period. Parkside Financial Bank & Trust lifted its stake in Kinder Morgan by 4.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 8,445 shares of the pipeline company’s stock valued at $232,000 after buying an additional 333 shares in the last quarter. Waddell & Associates LLC increased its position in shares of Kinder Morgan by 1.3% during the fourth quarter. Waddell & Associates LLC now owns 26,206 shares of the pipeline company’s stock worth $720,000 after acquiring an additional 336 shares in the last quarter. Finally, Abbot Financial Management Inc. raised its holdings in shares of Kinder Morgan by 0.8% during the fourth quarter. Abbot Financial Management Inc. now owns 44,707 shares of the pipeline company’s stock worth $1,229,000 after acquiring an additional 338 shares during the period. 62.52% of the stock is currently owned by institutional investors.

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.