Kinder Morgan (NYSE:KMI) Trading Down 0.4% – Here’s What Happened

Kinder Morgan, Inc. (NYSE:KMI) shares fell 0.4% on Tuesday . The company traded as low as $27.33 and last traded at $27.48. 2,873,452 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 16,095,227 shares. The stock had previously closed at $27.58.

Analysts Set New Price Targets

A number of research firms have issued reports on KMI. Bank of America started coverage on Kinder Morgan in a research note on Thursday, October 17th. They set a “buy” rating and a $27.00 price target for the company. The Goldman Sachs Group lifted their target price on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. 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 research note on Thursday, January 23rd. Barclays upped their target price on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Finally, UBS Group raised their price target on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Nine investment 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 company’s stock. According to data from MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and a consensus target price of $29.14.

Kinder Morgan Stock Down 0.5 %

The firm has a market capitalization of $60.97 billion, a PE ratio of 23.47, a P/E/G ratio of 3.12 and a beta of 0.94. The stock has a 50-day simple moving average of $27.96 and a 200-day simple moving average of $24.80. The company has a quick ratio of 0.35, a current ratio of 0.49 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. Analysts forecast that Kinder Morgan, Inc. will post 1.28 EPS for the current year.

Kinder Morgan Announces Dividend

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

Insider Activity

In other news, President Thomas A. Martin sold 19,121 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total transaction of $502,499.88. Following the sale, the president now directly owns 897,652 shares in the company, valued at $23,590,294.56. This represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last three months, insiders sold 55,121 shares of company stock worth $1,497,000. 12.81% of the stock is owned by corporate insiders.

Institutional Trading of Kinder Morgan

Hedge funds and other institutional investors have recently bought and sold shares of the company. Centaurus Financial Inc. grew its position in shares of Kinder Morgan by 67.7% during the 2nd quarter. Centaurus Financial Inc. now owns 9,151 shares of the pipeline company’s stock valued at $182,000 after purchasing an additional 3,694 shares in the last quarter. Czech National Bank grew its position in Kinder Morgan by 6.9% during the third quarter. Czech National Bank now owns 393,351 shares of the pipeline company’s stock worth $8,689,000 after buying an additional 25,406 shares in the last quarter. GAMMA Investing LLC increased its stake in Kinder Morgan by 34.1% in the 3rd quarter. GAMMA Investing LLC now owns 27,260 shares of the pipeline company’s stock worth $602,000 after acquiring an additional 6,932 shares during the last quarter. Diversified Trust Co purchased a new stake in shares of Kinder Morgan in the 3rd quarter valued at about $467,000. Finally, SignalPoint Asset Management LLC boosted its position in shares of Kinder Morgan by 1.5% during the 3rd quarter. SignalPoint Asset Management LLC now owns 30,059 shares of the pipeline company’s stock valued at $655,000 after acquiring an additional 447 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

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.