Kinder Morgan (NYSE:KMI) VP Michael Garthwaite Sells 1,550 Shares of Stock

Kinder Morgan, Inc. (NYSE:KMI) VP Michael Garthwaite sold 1,550 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $33.30, for a total transaction of $51,615.00. Following the completion of the transaction, the vice president owned 46,393 shares of the company’s stock, valued at $1,544,886.90. This trade represents a 3.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Kinder Morgan Stock Down 0.1%

Shares of KMI opened at $33.27 on Wednesday. The business’s fifty day moving average price is $30.96 and its two-hundred day moving average price is $28.47. The firm has a market capitalization of $74.02 billion, a price-to-earnings ratio of 24.29, a PEG ratio of 3.07 and a beta of 0.68. Kinder Morgan, Inc. has a 52 week low of $23.94 and a 52 week high of $34.24. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.50 and a current ratio of 0.64.

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

Kinder Morgan Announces Dividend

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

Institutional Investors Weigh In On Kinder Morgan

Several hedge funds have recently bought and sold shares of the company. Board of the Pension Protection Fund acquired a new stake in Kinder Morgan during the 4th quarter worth $27,000. Commonwealth Retirement Investments LLC acquired a new position in Kinder Morgan in the fourth quarter valued at about $27,000. Acumen Wealth Advisors LLC bought a new stake in shares of Kinder Morgan in the fourth quarter worth about $28,000. Dorato Capital Management acquired a new stake in shares of Kinder Morgan during the fourth quarter worth about $30,000. Finally, Basepoint Wealth LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter worth about $30,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KMI has been the subject of several analyst reports. 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 reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a research note on Thursday, January 22nd. Morgan Stanley increased their price target on Kinder Morgan from $34.00 to $36.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 3rd. Stifel Nicolaus lifted their price objective on Kinder Morgan from $30.00 to $33.00 and gave the stock a “hold” rating in a research note on Friday, March 13th. Finally, Jefferies Financial Group upped their price objective on Kinder Morgan from $29.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 22nd. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $33.46.

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.