Kinder Morgan, Inc. (NYSE:KMI) VP Sells $455,026.25 in Stock

Kinder Morgan, Inc. (NYSE:KMI) VP Sital K. Mody sold 21,413 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total value of $455,026.25. Following the completion of the transaction, the vice president now directly owns 25,169 shares of the company’s stock, valued at approximately $534,841.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Kinder Morgan Trading Up 0.1 %

Shares of Kinder Morgan stock traded up $0.03 on Thursday, reaching $21.08. 20,800,233 shares of the company’s stock were exchanged, compared to its average volume of 14,211,934. The company has a market capitalization of $46.79 billion, a P/E ratio of 19.16, a price-to-earnings-growth ratio of 3.28 and a beta of 0.93. Kinder Morgan, Inc. has a 52 week low of $15.89 and a 52 week high of $21.86. The firm’s 50-day moving average is $19.90 and its two-hundred day moving average is $18.57. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.38 and a current ratio of 0.37.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The business had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $4.13 billion. During the same quarter in the previous year, the company posted $0.24 earnings per share. Kinder Morgan’s quarterly revenue was up 2.0% on a year-over-year basis. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.23 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date is Wednesday, July 31st. Kinder Morgan’s dividend payout ratio is currently 104.55%.

Analyst Ratings Changes

Several brokerages recently commented on KMI. JPMorgan Chase & Co. upped their target price on Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday. Scotiabank upped their target price on Kinder Morgan from $19.00 to $21.00 and gave the company a “sector perform” rating in a report on Wednesday, July 17th. Tudor Pickering upgraded Kinder Morgan to a “strong-buy” rating in a report on Thursday, May 30th. UBS Group upped their target price on Kinder Morgan from $22.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Finally, Argus upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Friday, July 19th. Six analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $22.00.

Hedge Funds Weigh In On Kinder Morgan

A number of large investors have recently modified their holdings of the company. Premier Path Wealth Partners LLC lifted its holdings in shares of Kinder Morgan by 1.4% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 39,525 shares of the pipeline company’s stock worth $785,000 after purchasing an additional 545 shares in the last quarter. Newman Dignan & Sheerar Inc. lifted its holdings in shares of Kinder Morgan by 4.3% in the 1st quarter. Newman Dignan & Sheerar Inc. now owns 13,173 shares of the pipeline company’s stock worth $242,000 after purchasing an additional 547 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Kinder Morgan by 4.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 13,415 shares of the pipeline company’s stock worth $267,000 after purchasing an additional 566 shares in the last quarter. Accurate Wealth Management LLC raised its position in Kinder Morgan by 2.6% in the 1st quarter. Accurate Wealth Management LLC now owns 22,598 shares of the pipeline company’s stock valued at $426,000 after buying an additional 568 shares during the last quarter. Finally, Simplicity Wealth LLC raised its position in Kinder Morgan by 2.2% in the 2nd quarter. Simplicity Wealth LLC now owns 27,478 shares of the pipeline company’s stock valued at $546,000 after buying an additional 586 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.