Kinder Morgan Target of Unusually Large Options Trading (NYSE:KMI)

Kinder Morgan, Inc. (NYSE:KMIGet Rating) saw unusually large options trading on Thursday. Investors purchased 23,754 call options on the company. This is an increase of 45% compared to the average volume of 16,369 call options.

Analyst Ratings Changes

KMI has been the topic of a number of recent analyst reports. TD Securities cut their target price on Kinder Morgan from $23.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, October 20th. Wells Fargo & Company dropped their price target on Kinder Morgan from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 25th. Barclays upped their price target on Kinder Morgan from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday. Citigroup assumed coverage on Kinder Morgan in a research report on Thursday, December 8th. They set a “neutral” rating and a $19.00 price target on the stock. Finally, StockNews.com assumed coverage on Kinder Morgan in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $20.44.

Insider Transactions at Kinder Morgan

In other news, VP John W. Schlosser sold 1,500 shares of the business’s stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $18.00, for a total transaction of $27,000.00. Following the sale, the vice president now directly owns 24,219 shares of the company’s stock, valued at $435,942. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 4,500 shares of company stock valued at $82,320 over the last three months. Company insiders own 12.51% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in KMI. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Kinder Morgan in the third quarter valued at approximately $26,000. LS Investment Advisors LLC bought a new position in shares of Kinder Morgan in the second quarter valued at approximately $28,000. EdgeRock Capital LLC bought a new position in shares of Kinder Morgan in the third quarter valued at approximately $29,000. Tilia Fiduciary Partners Inc. raised its position in shares of Kinder Morgan by 644.5% in the second quarter. Tilia Fiduciary Partners Inc. now owns 1,906 shares of the pipeline company’s stock valued at $32,000 after purchasing an additional 1,650 shares during the period. Finally, TD Capital Management LLC bought a new position in shares of Kinder Morgan in the third quarter valued at approximately $33,000. 60.48% of the stock is owned by institutional investors.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $18.75 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.62 and a quick ratio of 0.50. Kinder Morgan has a fifty-two week low of $15.77 and a fifty-two week high of $20.20. The stock’s 50-day moving average is $18.35 and its two-hundred day moving average is $17.96. The firm has a market cap of $42.15 billion, a P/E ratio of 17.05, a PEG ratio of 5.79 and a beta of 0.95.

Kinder Morgan (NYSE:KMIGet Rating) last issued its earnings results on Wednesday, January 18th. The pipeline company reported $0.30 earnings per share for the quarter, hitting the consensus estimate of $0.30. Kinder Morgan had a return on equity of 7.97% and a net margin of 13.20%. The company had revenue of $4.58 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same period in the prior year, the firm posted $0.27 EPS. The business’s revenue was up 3.5% compared to the same quarter last year. Analysts predict that Kinder Morgan will post 1.15 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Tuesday, January 31st will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.92%. The ex-dividend date is Monday, January 30th. Kinder Morgan’s dividend payout ratio is 100.91%.

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.

Further Reading

Receive News & Ratings for Kinder Morgan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinder Morgan and related companies with MarketBeat.com's FREE daily email newsletter.