Thomas A. Martin Sells 18,000 Shares of Kinder Morgan, Inc. (NYSE:KMI) Stock

Kinder Morgan, Inc. (NYSE:KMI) President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction 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 completion of the sale, the president now owns 861,652 shares in the company, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Kinder Morgan Stock Performance

KMI traded up $0.71 on Thursday, hitting $28.11. 13,891,566 shares of the company traded hands, compared to its average volume of 13,711,549. Kinder Morgan, Inc. has a 12-month low of $16.47 and a 12-month high of $28.81. 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 has a 50 day moving average of $26.89 and a 200-day moving average of $23.39. The stock has a market capitalization of $62.45 billion, a PE ratio of 24.66, a PEG ratio of 3.87 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The company’s revenue was down 5.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 earnings per share. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.09%. The ex-dividend date was Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is 100.88%.

Institutional Trading of Kinder Morgan

A number of institutional investors have recently added to or reduced their stakes in the stock. Duquesne Family Office LLC grew its holdings in Kinder Morgan by 74.0% in the second quarter. Duquesne Family Office LLC now owns 6,753,165 shares of the pipeline company’s stock valued at $134,185,000 after purchasing an additional 2,872,665 shares during the last quarter. Barclays PLC boosted its position in shares of Kinder Morgan by 39.9% in the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock worth $180,833,000 after buying an additional 2,334,273 shares in the last quarter. National Bank of Canada FI grew its stake in Kinder Morgan by 295.5% in the 3rd quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company’s stock valued at $64,879,000 after acquiring an additional 2,194,489 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Kinder Morgan by 1,849.7% during the 3rd quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company’s stock valued at $47,817,000 after acquiring an additional 2,053,612 shares in the last quarter. Finally, Marshall Wace LLP raised its position in Kinder Morgan by 20.6% during the second quarter. Marshall Wace LLP now owns 7,770,943 shares of the pipeline company’s stock worth $154,409,000 after acquiring an additional 1,328,082 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Morgan Stanley set a $26.00 price objective on Kinder Morgan in a report on Friday, October 18th. The Goldman Sachs Group increased their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Barclays boosted their price objective on shares of Kinder Morgan from $24.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. UBS Group increased their target price on shares of Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, Truist Financial raised their price objective on Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Kinder Morgan has an average rating of “Moderate Buy” and an average target price of $26.25.

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.