Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) Director C Park Shaper sold 690,142 shares of the business's stock in a transaction on Monday, October 21st. The shares were sold at an average price of $24.75, for a total value of $17,081,014.50. Following the completion of the sale, the director now owns 6,809,858 shares in the company, valued at $168,543,985.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of NYSE KMI traded down $0.05 during trading hours on Wednesday, reaching $24.76. The stock had a trading volume of 9,855,758 shares, compared to its average volume of 13,815,541. Kinder Morgan, Inc. has a fifty-two week low of $15.91 and a fifty-two week high of $25.43. The firm has a 50-day moving average of $22.35 and a 200-day moving average of $20.61. The company has a current ratio of 0.37, a quick ratio of 0.28 and a debt-to-equity ratio of 0.90. The firm has a market cap of $54.95 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 3.27 and a beta of 0.93.
Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The firm's quarterly revenue was down 5.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.25 earnings per share. Equities research analysts predict that Kinder Morgan, Inc. will post 1.19 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a $0.2875 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.15 annualized dividend and a dividend yield of 4.64%. Kinder Morgan's dividend payout ratio is currently 104.55%.
Hedge funds have recently modified their holdings of the business. Park Avenue Securities LLC increased its stake in Kinder Morgan by 5.5% in the 1st quarter. Park Avenue Securities LLC now owns 46,023 shares of the pipeline company's stock valued at $844,000 after purchasing an additional 2,379 shares in the last quarter. Riverview Trust Co purchased a new position in Kinder Morgan in the 1st quarter valued at approximately $59,000. Wealthcare Advisory Partners LLC increased its stake in Kinder Morgan by 17.0% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 43,710 shares of the pipeline company's stock valued at $802,000 after purchasing an additional 6,354 shares in the last quarter. Ausbil Investment Management Ltd increased its stake in Kinder Morgan by 8.8% in the 1st quarter. Ausbil Investment Management Ltd now owns 273,937 shares of the pipeline company's stock valued at $5,043,000 after purchasing an additional 22,112 shares in the last quarter. Finally, Stokes Capital Advisors LLC increased its stake in Kinder Morgan by 0.9% in the 1st quarter. Stokes Capital Advisors LLC now owns 150,579 shares of the pipeline company's stock valued at $2,762,000 after purchasing an additional 1,405 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.
Several brokerages have weighed in on KMI. Scotiabank upped their price target on Kinder Morgan from $19.00 to $21.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 17th. Barclays upped their price target on Kinder Morgan from $21.00 to $22.00 and gave the stock an "equal weight" rating in a report on Friday, September 13th. Morgan Stanley set a $26.00 price target on Kinder Morgan in a report on Friday, October 18th. Wells Fargo & Company upped their price target on Kinder Morgan from $22.00 to $27.00 and gave the stock an "overweight" rating in a report on Thursday, October 17th. Finally, Truist Financial upped their price target on Kinder Morgan from $22.00 to $25.00 and gave the stock a "hold" rating in a report on Thursday, October 17th. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.91.
Read Our Latest Analysis on KMI
Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and 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 gasification, liquefaction, and storage facilities.
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