Kinder Morgan, Inc. (NYSE:KMI – Get Rating) declared a quarterly dividend on Wednesday, April 20th, RTT News reports. Investors of record on Monday, May 2nd will be given a dividend of 0.2775 per share by the pipeline company on Monday, May 16th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.63%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.27.
Kinder Morgan has a dividend payout ratio of 94.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Kinder Morgan to earn $1.07 per share next year, which means the company may not be able to cover its $1.08 annual dividend with an expected future payout ratio of 100.9%.
Shares of NYSE:KMI traded up $0.18 during midday trading on Wednesday, reaching $19.73. The company had a trading volume of 932,291 shares, compared to its average volume of 17,778,480. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.56 and a current ratio of 0.66. Kinder Morgan has a 1-year low of $15.01 and a 1-year high of $19.74. The firm has a market cap of $44.74 billion, a price-to-earnings ratio of 25.42, a price-to-earnings-growth ratio of 6.03 and a beta of 0.95. The company has a fifty day simple moving average of $18.16 and a two-hundred day simple moving average of $17.30.
In related news, VP Dax Sanders sold 91,129 shares of the firm’s stock in a transaction that occurred on Friday, April 8th. The stock was sold at an average price of $19.51, for a total value of $1,777,926.79. Following the transaction, the vice president now directly owns 204,105 shares of the company’s stock, valued at approximately $3,982,088.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John W. Schlosser sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, March 25th. The shares were sold at an average price of $18.34, for a total value of $27,510.00. The disclosure for this sale can be found here. 12.51% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC bought a new position in Kinder Morgan in the 4th quarter worth approximately $26,000. Carroll Investors Inc bought a new position in Kinder Morgan in the 4th quarter worth approximately $34,000. Zullo Investment Group Inc. bought a new position in Kinder Morgan in the 4th quarter worth approximately $83,000. NEXT Financial Group Inc increased its position in Kinder Morgan by 36.8% in the 4th quarter. NEXT Financial Group Inc now owns 16,760 shares of the pipeline company’s stock worth $266,000 after buying an additional 4,509 shares during the period. Finally, CWA Asset Management Group LLC increased its position in Kinder Morgan by 34.5% in the 4th quarter. CWA Asset Management Group LLC now owns 19,128 shares of the pipeline company’s stock worth $303,000 after buying an additional 4,911 shares during the period. 58.01% of the stock is currently owned by institutional investors.
KMI has been the subject of a number of research reports. Zacks Investment Research upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Tuesday, January 25th. StockNews.com initiated coverage on Kinder Morgan in a research report on Thursday, March 31st. They set a “hold” rating for the company. Wolfe Research lowered Kinder Morgan from a “peer perform” rating to an “underperform” rating and raised their price objective for the stock from $17.00 to $18.00 in a research report on Monday, April 11th. Barclays raised their price objective on Kinder Morgan from $18.00 to $19.00 in a research report on Thursday, January 20th. Finally, Morgan Stanley raised their price target on Kinder Morgan from $19.00 to $20.00 and gave the stock an “underweight” rating in a research note on Wednesday. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $18.55.
About Kinder Morgan (Get Rating)
Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground 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 liquefaction and storage facilities.
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