Insider Selling: Kinder Morgan (NYSE:KMI) CFO Sells $600,000.00 in Stock

Kinder Morgan, Inc. (NYSE:KMI) CFO David Patrick Michels sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $30.00, for a total value of $600,000.00. Following the completion of the transaction, the chief financial officer directly owned 139,428 shares of the company’s stock, valued at $4,182,840. The trade was a 12.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $30.10 on Thursday. 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 stock has a market capitalization of $66.95 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 2.40 and a beta of 0.69. The firm’s 50 day simple moving average is $27.43 and its 200-day simple moving average is $27.26. Kinder Morgan, Inc. has a 12 month low of $23.94 and a 12 month high of $30.31.

Kinder Morgan (NYSE:KMI) last announced 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 firm had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.33 billion. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 earnings per share. Analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently announced 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. The ex-dividend date is Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.9%. Kinder Morgan’s dividend payout ratio (DPR) is 85.40%.

Institutional Investors Weigh In On Kinder Morgan

A number of large investors have recently modified their holdings of KMI. Personal CFO Solutions LLC lifted its stake in shares of Kinder Morgan by 4.5% in the fourth quarter. Personal CFO Solutions LLC now owns 7,896 shares of the pipeline company’s stock worth $217,000 after buying an additional 340 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its stake in Kinder Morgan by 14.5% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 2,818 shares of the pipeline company’s stock worth $83,000 after purchasing an additional 357 shares in the last quarter. L.M. Kohn & Company boosted its holdings in shares of Kinder Morgan by 3.4% during the 2nd quarter. L.M. Kohn & Company now owns 10,947 shares of the pipeline company’s stock worth $322,000 after purchasing an additional 360 shares during the last quarter. Golden State Equity Partners grew its position in shares of Kinder Morgan by 2.2% in the third quarter. Golden State Equity Partners now owns 17,131 shares of the pipeline company’s stock valued at $485,000 after purchasing an additional 368 shares in the last quarter. Finally, Relyea Zuckerberg Hanson LLC increased its holdings in shares of Kinder Morgan by 4.2% in the second quarter. Relyea Zuckerberg Hanson LLC now owns 9,377 shares of the pipeline company’s stock valued at $276,000 after purchasing an additional 374 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

KMI has been the topic of a number of recent analyst reports. UBS Group reiterated a “buy” rating and set a $38.00 price target on shares of Kinder Morgan in a research report on Friday, December 12th. Stifel Nicolaus increased 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. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a research note on Thursday, January 22nd. Jefferies Financial Group upped their price objective on shares of Kinder Morgan from $29.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, January 22nd. Finally, TD Cowen lifted their target price on shares of Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $32.38.

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.