Insider Selling: Kinder Morgan, Inc. (NYSE:KMI) Director Sells $17,081,014.50 in Stock

Kinder Morgan, Inc. (NYSE:KMI) Director C Park Shaper sold 690,142 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $24.75, for a total value of $17,081,014.50. Following the transaction, the director now owns 6,809,858 shares in the company, valued at $168,543,985.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Kinder Morgan Stock Down 0.1 %

Shares of Kinder Morgan stock opened at $24.96 on Friday. Kinder Morgan, Inc. has a twelve month low of $15.91 and a twelve month high of $25.43. The company has a quick ratio of 0.28, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The company’s 50 day moving average is $22.42 and its 200 day moving average is $20.64. The company has a market cap of $55.45 billion, a price-to-earnings ratio of 21.89, a price-to-earnings-growth ratio of 3.06 and a beta of 0.93.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The business’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the business earned $0.25 earnings per share. Research analysts anticipate that Kinder Morgan, Inc. will post 1.19 EPS for the current year.

Kinder Morgan Dividend Announcement

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 given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.61%. The ex-dividend date of this dividend is Thursday, October 31st. Kinder Morgan’s payout ratio is currently 100.88%.

Hedge Funds Weigh In On Kinder Morgan

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Global Retirement Partners LLC boosted its stake in shares of Kinder Morgan by 3.5% during the 3rd quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company’s stock worth $504,000 after acquiring an additional 776 shares during the last quarter. Czech National Bank lifted its position in Kinder Morgan by 6.9% during the third quarter. Czech National Bank now owns 393,351 shares of the pipeline company’s stock valued at $8,689,000 after purchasing an additional 25,406 shares in the last quarter. LSV Asset Management bought a new stake in Kinder Morgan during the first quarter valued at about $8,818,000. Duality Advisers LP increased its position in Kinder Morgan by 42.7% in the first quarter. Duality Advisers LP now owns 317,425 shares of the pipeline company’s stock worth $5,822,000 after buying an additional 94,984 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of Kinder Morgan by 221.3% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 251,635 shares of the pipeline company’s stock worth $4,615,000 after buying an additional 173,313 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on KMI. Wells Fargo & Company increased their price objective on Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Stifel Nicolaus boosted their price objective on shares of Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a research note on Tuesday, August 27th. Scotiabank raised their target price on shares of Kinder Morgan from $19.00 to $21.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 17th. UBS Group boosted their price target on Kinder Morgan from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Truist Financial lifted their price objective on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $24.91.

About Kinder Morgan

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.