Kinder Morgan, Inc. Announces Quarterly Dividend of $0.29 (NYSE:KMI)

Kinder Morgan, Inc. (NYSE:KMI) announced a quarterly dividend on Thursday, July 17th, Wall Street Journal reports. Stockholders of record on Thursday, July 31st will be given a dividend of 0.2925 per share by the pipeline company on Friday, August 15th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date is Thursday, July 31st.

Kinder Morgan has a payout ratio of 86.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Kinder Morgan to earn $1.29 per share next year, which means the company should continue to be able to cover its $1.17 annual dividend with an expected future payout ratio of 90.7%.

Kinder Morgan Trading Down 1.5%

KMI opened at $27.50 on Friday. The firm has a market capitalization of $61.10 billion, a P/E ratio of 22.54, a P/E/G ratio of 3.01 and a beta of 0.75. The firm’s 50 day moving average is $27.99 and its 200-day moving average is $27.60. Kinder Morgan has a 52-week low of $19.68 and a 52-week high of $31.48. The company has a quick ratio of 0.35, a current ratio of 0.45 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.28. The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.32%. The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 earnings per share. Analysts expect that Kinder Morgan will post 1.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

KMI has been the subject of a number of research analyst reports. Royal Bank Of Canada lifted their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 29th. Wells Fargo & Company lifted their price target on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday. JPMorgan Chase & Co. lifted their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 6th. Morgan Stanley set a $34.00 price objective on shares of Kinder Morgan in a report on Monday, July 7th. Finally, Barclays reaffirmed an “overweight” rating and issued a $32.00 price objective (up previously from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.47.

Insider Activity

In other news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total transaction of $508,680.00. Following the completion of the transaction, the president owned 771,652 shares of the company’s stock, valued at approximately $21,806,885.52. The trade was a 2.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 12.73% of the company’s stock.

Institutional Investors Weigh In On Kinder Morgan

An institutional investor recently bought a new position in Kinder Morgan stock. Brighton Jones LLC acquired a new position in Kinder Morgan, Inc. (NYSE:KMI) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,253 shares of the pipeline company’s stock, valued at approximately $308,000. Institutional investors and hedge funds 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.