Insider Selling: Kinder Morgan, Inc. (NYSE:KMI) President Sells 18,000 Shares of Stock

Kinder Morgan, Inc. (NYSE:KMI) President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total value of $508,680.00. Following the completion of the transaction, the president now directly owns 771,652 shares of the company’s stock, valued at $21,806,885.52. This trade represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Kinder Morgan Stock Down 0.3%

Shares of NYSE:KMI opened at $28.15 on Friday. The stock has a market cap of $62.55 billion, a P/E ratio of 24.06, a P/E/G ratio of 3.08 and a beta of 0.74. The firm has a fifty day moving average price of $27.17 and a 200 day moving average price of $27.46. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. Kinder Morgan, Inc. has a 1-year low of $19.47 and a 1-year high of $31.48.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.34. The firm had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.02 billion. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were given a dividend of $0.2925 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $1.17 dividend on an annualized basis and a yield of 4.16%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s dividend payout ratio is presently 100.86%.

Analyst Ratings Changes

KMI has been the subject of a number of research analyst reports. Scotiabank upped their price target on Kinder Morgan from $26.00 to $27.00 and gave the company a “sector perform” rating in a report on Thursday. Royal Bank of Canada upped their price target on Kinder Morgan from $27.00 to $28.00 and gave the company a “sector perform” rating in a report on Tuesday, April 29th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Kinder Morgan in a report on Monday, May 5th. Barclays raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price target for the company in a report on Monday, March 3rd. Finally, Stifel Nicolaus upped their price target on Kinder Morgan from $27.00 to $28.00 and gave the company a “hold” rating in a report on Tuesday, June 3rd. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $30.21.

Hedge Funds Weigh In On Kinder Morgan

A number of large investors have recently bought and sold shares of KMI. Centricity Wealth Management LLC purchased a new position in Kinder Morgan during the 4th quarter worth $25,000. Hurley Capital LLC purchased a new position in Kinder Morgan during the 4th quarter worth $25,000. Sierra Ocean LLC raised its position in Kinder Morgan by 927.1% during the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock worth $25,000 after buying an additional 788 shares during the last quarter. Fourth Dimension Wealth LLC purchased a new position in Kinder Morgan during the 4th quarter worth $26,000. Finally, Morse Asset Management Inc purchased a new position in Kinder Morgan during the 4th quarter worth $27,000. Hedge funds and other 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.