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 the firm’s stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $31.00, for a total transaction of $192,200.00. Following the completion of the transaction, the vice president directly owned 158,008 shares of the company’s stock, valued at $4,898,248. This represents a 3.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kinder Morgan Stock Performance

NYSE:KMI opened at $31.57 on Thursday. Kinder Morgan, Inc. has a 52 week low of $26.24 and a 52 week high of $34.81. The company has a market cap of $70.32 billion, a price-to-earnings ratio of 19.49, a price-to-earnings-growth ratio of 2.17 and a beta of 0.58. The company has a quick ratio of 0.55, a current ratio of 0.67 and a debt-to-equity ratio of 0.95. The company has a fifty day simple moving average of $32.02 and a two-hundred day simple moving average of $32.15.

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

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 2nd will be issued a $0.2975 dividend. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Monday, November 2nd. Kinder Morgan’s dividend payout ratio (DPR) is presently 73.46%.

Analysts Set New Price Targets

Several research firms have recently issued reports on KMI. BMO Capital Markets lifted their price objective on shares of Kinder Morgan from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Thursday, October 22nd. Jefferies Financial Group lifted their price target on Kinder Morgan from $33.00 to $37.00 and gave the stock a “hold” rating in a report on Thursday, October 22nd. JPMorgan Chase & Co. lifted their price target on Kinder Morgan from $36.00 to $37.00 and gave the stock a “neutral” rating in a report on Monday, November 2nd. Weiss Ratings cut Kinder Morgan from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, November 4th. Finally, Wells Fargo & Company increased their price objective on Kinder Morgan from $36.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, October 22nd. Twelve research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and a consensus price target of $37.15.

Institutional Investors Weigh In On Kinder Morgan

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Kinder Morgan by 1.1% during the second quarter. BlackRock Inc. now owns 175,834,246 shares of the pipeline company’s stock worth $5,621,421,000 after acquiring an additional 1,875,143 shares during the last quarter. State Street Corp raised its position in Kinder Morgan by 4.3% in the 2nd 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 during the last quarter. Bank of America Corp DE raised its position in Kinder Morgan by 1.4% in the 1st quarter. Bank of America Corp DE now owns 62,018,394 shares of the pipeline company’s stock valued at $2,079,477,000 after purchasing an additional 836,571 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Kinder Morgan by 2.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 17,237,384 shares of the pipeline company’s stock valued at $577,998,000 after purchasing an additional 448,130 shares during the last quarter. Finally, Amundi boosted its stake in Kinder Morgan by 5.8% during the 1st quarter. Amundi now owns 15,130,700 shares of the pipeline company’s stock worth $507,332,000 after purchasing an additional 831,125 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

About Kinder Morgan

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.