Kinder Morgan, Inc. (NYSE:KMI) Declares $0.29 Quarterly Dividend

Kinder Morgan, Inc. (NYSE:KMI) declared a quarterly dividend on Wednesday, January 22nd,RTT News reports. Shareholders of record on Monday, February 3rd will be given a dividend of 0.2875 per share by the pipeline company on Tuesday, February 18th. This represents a $1.15 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend is Monday, February 3rd.

Kinder Morgan has raised its dividend by an average of 2.2% per year over the last three years. Kinder Morgan has a payout ratio of 80.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Kinder Morgan to earn $1.30 per share next year, which means the company should continue to be able to cover its $1.15 annual dividend with an expected future payout ratio of 88.5%.

Kinder Morgan Stock Down 0.9 %

NYSE:KMI opened at $30.50 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. The company’s fifty day moving average price is $27.90 and its 200-day moving average price is $24.32. Kinder Morgan has a 1-year low of $16.47 and a 1-year high of $31.48. The firm has a market capitalization of $67.77 billion, a P/E ratio of 26.07, a PEG ratio of 4.13 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.10%. As a group, equities research analysts anticipate that Kinder Morgan will post 1.27 EPS for the current year.

Wall Street Analysts Forecast Growth

KMI has been the subject of several recent research reports. Truist Financial lifted their target price on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a report on Thursday. Bank of America assumed coverage on Kinder Morgan in a research note on Thursday, October 17th. They issued a “buy” rating and a $27.00 price target for the company. Wells Fargo & Company raised their price objective on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday. Morgan Stanley increased their target price on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday. Finally, Scotiabank began coverage on shares of Kinder Morgan in a report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price target for the company. Eight research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $28.92.

Insider Buying and Selling

In other news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the sale, the president now owns 861,652 shares of the company’s stock, valued at $24,048,707.32. This represents a 2.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Amy W. Chronis acquired 2,241 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was acquired at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the acquisition, the director now directly owns 23,995 shares of the company’s stock, valued at $597,235.55. The trade was a 10.30 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 55,121 shares of company stock worth $1,497,000. 12.64% of the stock is owned by corporate insiders.

About Kinder Morgan

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.