Insider Selling: Kinder Morgan, Inc. (NYSE:KMI) VP Sells 1,500 Shares of Stock

Kinder Morgan, Inc. (NYSE:KMI – Get Rating) VP John W. Schlosser sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, April 25th. The stock was sold at an average price of $18.51, for a total value of $27,765.00. Following the transaction, the vice president now directly owns 33,219 shares in the company, valued at $614,883.69. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

KMI stock traded down $0.54 on Monday, reaching $18.61. The company’s stock had a trading volume of 24,560,369 shares, compared to its average volume of 17,880,449. The business has a fifty day simple moving average of $18.30 and a two-hundred day simple moving average of $17.36. Kinder Morgan, Inc. has a 12-month low of $15.01 and a 12-month high of $20.19. The firm has a market cap of $42.20 billion, a PE ratio of 41.36, a PEG ratio of 6.05 and a beta of 0.95. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.56 and a current ratio of 0.47.

Kinder Morgan (NYSE:KMI – Get Rating) last announced its quarterly earnings data on Wednesday, April 20th. The pipeline company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.29 by $0.03. Kinder Morgan had a return on equity of 7.51% and a net margin of 6.64%. The business had revenue of $4.29 billion during the quarter, compared to analyst estimates of $3.66 billion. During the same quarter last year, the firm posted $0.60 earnings per share. The company’s revenue for the quarter was down 17.6% on a year-over-year basis. As a group, research analysts anticipate that Kinder Morgan, Inc. will post 1.1 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 16th. Investors of record on Monday, May 2nd will be issued a $0.2775 dividend. This represents a $1.11 annualized dividend and a yield of 5.96%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, April 29th. Kinder Morgan’s dividend payout ratio (DPR) is presently 240.01%.

Institutional investors have recently added to or reduced their stakes in the business. Benjamin Edwards Inc. bought a new stake in shares of Kinder Morgan during the 3rd quarter valued at about $25,000. City State Bank bought a new stake in shares of Kinder Morgan during the 4th quarter valued at about $25,000. EverSource Wealth Advisors LLC bought a new stake in shares of Kinder Morgan during the 4th quarter valued at about $26,000. Joseph P. Lucia & Associates LLC bought a new stake in shares of Kinder Morgan during the 1st quarter valued at about $29,000. Finally, US Asset Management LLC bought a new stake in shares of Kinder Morgan during the 3rd quarter valued at about $31,000. Institutional investors and hedge funds own 58.01% of the company’s stock.

A number of research analysts recently weighed in on KMI shares. Wolfe Research downgraded Kinder Morgan from a “peer perform” rating to an “underperform” rating and upped their price target for the stock from $17.00 to $18.00 in a research note on Monday, April 11th. TD Securities upped their price target on Kinder Morgan from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Thursday. Mizuho upped their price target on Kinder Morgan from $21.00 to $22.00 in a research note on Thursday. Morgan Stanley boosted their price objective on Kinder Morgan from $19.00 to $20.00 and gave the stock an “underweight” rating in a report on Wednesday, April 20th. Finally, Zacks Investment Research raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Tuesday, January 25th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Kinder Morgan currently has a consensus rating of “Hold” and an average price target of $19.10.

Kinder Morgan Company Profile (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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