Kinder Morgan (NYSE:KMI) Stock: Insider John Schlosser Sells 6,200 Shares

Kinder Morgan, Inc. (NYSE:KMI) VP John Schlosser sold 6,200 shares of Kinder Morgan stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $31.00, for a total value of $192,200.00. Following the completion of the sale, the vice president directly owned 158,008 shares of the company’s stock, valued at $4,898,248. The trade was a 3.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kinder Morgan Stock Performance

Kinder Morgan stock traded up $0.64 during mid-day trading on Tuesday, reaching $31.20. 10,766,507 shares of the stock traded hands, compared to its average volume of 12,480,552. Kinder Morgan, Inc. has a 12-month low of $26.24 and a 12-month high of $34.81. The business’s 50-day moving average is $32.06 and its 200-day moving average is $32.13. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.67 and a quick ratio of 0.55. The stock has a market capitalization of $69.52 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 2.20 and a beta of 0.58.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, October 21st. The pipeline company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.02. The business had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.37 billion. Kinder Morgan had a return on equity of 10.84% and a net margin of 19.64%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the firm posted $0.29 earnings per share. As a group, sell-side analysts predict that Kinder Morgan, Inc. will post 1.57 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 2nd will be given a dividend of $0.2975 per share. This represents a $1.19 annualized dividend and a yield of 3.8%. The ex-dividend date is Monday, November 2nd. Kinder Morgan’s payout ratio is 73.46%.

Hedge Funds Weigh In On Kinder Morgan

Large investors have recently made changes to their positions in the business. Ontario Teachers Pension Plan Board purchased a new stake in Kinder Morgan in the 2nd quarter worth $239,397,000. State Street Corp grew its position in shares of Kinder Morgan by 4.3% during the second quarter. State Street Corp now owns 130,863,419 shares of the pipeline company’s stock valued at $4,183,704,000 after purchasing an additional 5,361,578 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Kinder Morgan by 220.9% during the second quarter. Assenagon Asset Management S.A. now owns 3,915,696 shares of the pipeline company’s stock valued at $125,185,000 after purchasing an additional 2,695,654 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Kinder Morgan by 253.0% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,994,968 shares of the pipeline company’s stock valued at $100,421,000 after purchasing an additional 2,146,573 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Kinder Morgan by 1.1% in the second quarter. BlackRock Inc. now owns 175,834,246 shares of the pipeline company’s stock worth $5,621,421,000 after purchasing an additional 1,875,143 shares during the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Scotiabank increased their price target on shares of Kinder Morgan from $32.00 to $34.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 27th. TD Cowen raised their target price on Kinder Morgan from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, October 22nd. BMO Capital Markets lifted their target price on Kinder Morgan from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Thursday, October 22nd. JPMorgan Chase & Co. lifted their target price on Kinder Morgan from $36.00 to $37.00 and gave the company a “neutral” rating in a research report on Monday, November 2nd. Finally, Mizuho boosted their price target on Kinder Morgan from $37.00 to $39.00 and gave the company an “outperform” rating in a report on Thursday, October 22nd. Twelve equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $37.15.

Kinder Morgan Company Profile

Kinder Morgan, Inc. (NYSE: KMI) is an energy infrastructure company that transports and stores natural gas, crude oil, refined petroleum products and other energy-related commodities. Its assets include pipelines, terminals and storage facilities serving energy producers, utilities, industrial customers and other markets across the United States and Canada. The company’s operations include natural gas transportation and storage, refined-products and crude-oil pipelines, bulk and liquids terminals, and carbon dioxide transportation.