Kinder Morgan (NYSE:KMI) VP John Schlosser Sells 6,166 Shares of Stock

Kinder Morgan, Inc. (NYSE:KMI) VP John Schlosser sold 6,166 shares of the company’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $32.93, for a total value of $203,046.38. Following the completion of the transaction, the vice president directly owned 182,706 shares of the company’s stock, valued at $6,016,508.58. The trade was a 3.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kinder Morgan Stock Performance

NYSE:KMI opened at $33.15 on Tuesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.50 and a current ratio of 0.64. The company has a fifty day moving average of $32.49 and a two-hundred day moving average of $29.10. The stock has a market capitalization of $73.76 billion, a PE ratio of 24.20, a P/E/G ratio of 3.01 and a beta of 0.64. Kinder Morgan, Inc. has a fifty-two week low of $23.94 and a fifty-two week high of $34.73.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.33 billion. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.30 earnings per share. As a group, research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd were given a dividend of $0.2925 per share. The ex-dividend date was Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a yield of 3.5%. Kinder Morgan’s dividend payout ratio is currently 85.40%.

Institutional Investors Weigh In On Kinder Morgan

Several hedge funds and other institutional investors have recently made changes to their positions in KMI. Norges Bank purchased a new position in Kinder Morgan during the fourth quarter worth about $1,132,125,000. AQR Capital Management LLC raised its stake in Kinder Morgan by 431.9% during the third quarter. AQR Capital Management LLC now owns 6,569,082 shares of the pipeline company’s stock worth $185,971,000 after purchasing an additional 5,333,986 shares during the period. Merewether Investment Management LP purchased a new position in Kinder Morgan during the second quarter worth about $138,477,000. Zimmer Partners LP raised its stake in Kinder Morgan by 177.8% during the third quarter. Zimmer Partners LP now owns 6,070,100 shares of the pipeline company’s stock worth $171,845,000 after purchasing an additional 3,885,000 shares during the period. Finally, 59 North Capital Management LP raised its stake in Kinder Morgan by 54.5% during the second quarter. 59 North Capital Management LP now owns 10,597,380 shares of the pipeline company’s stock worth $311,563,000 after purchasing an additional 3,739,398 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

KMI has been the subject of a number of research analyst reports. Royal Bank Of Canada increased their target price on Kinder Morgan from $32.00 to $35.00 and gave the company a “sector perform” rating in a report on Monday, March 30th. Truist Financial assumed coverage on shares of Kinder Morgan in a research report on Tuesday, March 24th. They issued a “hold” rating and a $38.00 target price for the company. Mizuho increased their target price on shares of Kinder Morgan from $31.00 to $37.00 and gave the company an “outperform” rating in a research report on Thursday, March 5th. Scotiabank increased their target price on shares of Kinder Morgan from $31.00 to $32.00 and gave the company a “sector perform” rating in a research report on Thursday, March 26th. Finally, Barclays reiterated an “overweight” rating on shares of Kinder Morgan in a research report on Friday, February 20th. Eight investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $34.33.

About Kinder Morgan

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.