Kinder Morgan (NYSE:KMI) CFO David Patrick Michels Sells 20,000 Shares of Stock

Kinder Morgan, Inc. (NYSE:KMI) CFO David Patrick Michels sold 20,000 shares of the business’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $30.00, for a total transaction of $600,000.00. Following the completion of the sale, the chief financial officer directly owned 139,428 shares of the company’s stock, valued at approximately $4,182,840. This trade represents a 12.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Kinder Morgan Stock Performance

Kinder Morgan stock opened at $29.32 on Tuesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.64. The company has a market capitalization of $65.22 billion, a PE ratio of 21.40, a P/E/G ratio of 2.40 and a beta of 0.69. The company has a 50 day moving average price of $27.32 and a 200-day moving average price of $27.23. Kinder Morgan, Inc. has a fifty-two week low of $23.94 and a fifty-two week high of $30.18.

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

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 2nd will be issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Monday, February 2nd. Kinder Morgan’s payout ratio is presently 85.40%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. UBS Group restated a “buy” rating and issued a $38.00 price target on shares of Kinder Morgan in a report on Friday, December 12th. Scotiabank boosted their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday. Mizuho lowered their target price on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a report on Friday, November 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a report on Thursday. Finally, TD Cowen upped their price objective on Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $32.07.

Hedge Funds Weigh In On Kinder Morgan

Large investors have recently made changes to their positions in the business. LFA Lugano Financial Advisors SA purchased a new position in Kinder Morgan during the 2nd quarter worth $26,000. Board of the Pension Protection Fund acquired a new stake in Kinder Morgan in the fourth quarter worth about $27,000. Dorato Capital Management acquired a new stake in Kinder Morgan in the fourth quarter worth about $30,000. Strategic Advocates LLC purchased a new stake in shares of Kinder Morgan during the third quarter worth about $32,000. Finally, Lodestone Wealth Management LLC acquired a new position in shares of Kinder Morgan during the fourth quarter valued at about $33,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Company Profile

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.