Kinder Morgan (NYSE:KMI) Shares Down 0.1% – Time to Sell?

Kinder Morgan, Inc. (NYSE:KMI) shares fell 0.1% during mid-day trading on Tuesday . The company traded as low as $26.95 and last traded at $27.43. 7,864,256 shares changed hands during trading, a decline of 50% from the average session volume of 15,774,079 shares. The stock had previously closed at $27.46.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on KMI shares. The Goldman Sachs Group raised their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Truist Financial lifted their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Barclays lifted their price target on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Royal Bank of Canada lifted their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. Finally, Scotiabank started coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $29.23.

Kinder Morgan Price Performance

The firm has a market cap of $61.04 billion, a price-to-earnings ratio of 23.48, a PEG ratio of 4.13 and a beta of 0.94. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The company’s 50-day moving average price is $28.02 and its 200-day moving average price is $24.55.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.10% and a net margin of 17.31%. On average, equities research analysts forecast that Kinder Morgan, Inc. will post 1.27 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid a dividend of $0.2875 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.19%. Kinder Morgan’s payout ratio is 98.29%.

Insider Buying and Selling

In other Kinder Morgan 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 transaction, the president now directly owns 861,652 shares in the company, valued at $24,048,707.32. This represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Amy W. Chronis purchased 2,241 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was bought at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 55,121 shares of company stock worth $1,497,000. Company insiders own 12.64% of the company’s stock.

Hedge Funds Weigh In On Kinder Morgan

Hedge funds have recently added to or reduced their stakes in the stock. Retirement Wealth Solutions LLC purchased a new position in Kinder Morgan in the fourth quarter valued at approximately $25,000. Modus Advisors LLC purchased a new position in shares of Kinder Morgan during the fourth quarter worth approximately $27,000. Northwest Investment Counselors LLC purchased a new position in shares of Kinder Morgan during the third quarter worth approximately $28,000. Heck Capital Advisors LLC purchased a new position in shares of Kinder Morgan during the fourth quarter worth approximately $29,000. Finally, HWG Holdings LP purchased a new position in shares of Kinder Morgan during the second quarter worth approximately $30,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

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.