Kinder Morgan (NYSE:KMI) VP Michael Garthwaite Sells 1,550 Shares of Company Stock

Kinder Morgan, Inc. (NYSE:KMI) VP Michael Garthwaite sold 1,550 shares of the company’s stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $33.65, for a total transaction of $52,157.50. Following the completion of the sale, the vice president directly owned 47,313 shares of the company’s stock, valued at $1,592,082.45. The trade was a 3.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kinder Morgan Trading Up 0.6%

KMI opened at $33.59 on Wednesday. The firm’s fifty day moving average is $31.77 and its two-hundred day moving average is $32.02. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.36 and a current ratio of 0.46. The firm has a market cap of $74.79 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 2.35 and a beta of 0.59. Kinder Morgan, Inc. has a twelve month low of $25.60 and a twelve month high of $34.81.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The company had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.22 billion. During the same period last year, the firm posted $0.28 earnings per share. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. Equities research analysts anticipate that Kinder Morgan, Inc. will post 1.55 EPS for the current year.

Institutional Trading of Kinder Morgan

Several hedge funds and other institutional investors have recently modified their holdings of the company. Klingman & Associates LLC lifted its position in shares of Kinder Morgan by 3.9% in the first quarter. Klingman & Associates LLC now owns 8,498 shares of the pipeline company’s stock worth $285,000 after purchasing an additional 319 shares in the last quarter. Transamerica Financial Advisors LLC boosted its holdings in Kinder Morgan by 72.9% during the second quarter. Transamerica Financial Advisors LLC now owns 778 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 328 shares during the last quarter. Abel Hall LLC grew its position in Kinder Morgan by 4.0% in the first quarter. Abel Hall LLC now owns 8,588 shares of the pipeline company’s stock valued at $288,000 after purchasing an additional 330 shares in the last quarter. Optivise Advisory Services LLC grew its position in Kinder Morgan by 2.9% in the third quarter. Optivise Advisory Services LLC now owns 12,534 shares of the pipeline company’s stock valued at $378,000 after purchasing an additional 354 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in Kinder Morgan by 5.8% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,540 shares of the pipeline company’s stock valued at $209,000 after buying an additional 356 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on KMI shares. Capital One Financial assumed coverage on Kinder Morgan in a report on Tuesday, September 22nd. They set an “equal weight” rating and a $36.00 target price on the stock. Wells Fargo & Company increased their price target on Kinder Morgan from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Morgan Stanley set a $33.00 price target on Kinder Morgan in a report on Thursday, September 17th. Zacks Research lowered Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Finally, Royal Bank Of Canada lifted their price objective on Kinder Morgan from $35.00 to $36.00 and gave the company a “sector perform” rating in a report on Tuesday, September 22nd. Eleven equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus target price of $35.47.

About Kinder Morgan

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and other transportation and storage facilities. Its systems primarily support the movement, processing, and storage of natural gas, crude oil, refined petroleum products, and other energy commodities.

The company’s natural gas business transports and stores natural gas for utilities, power generators, industrial customers, and other energy companies. Kinder Morgan also operates refined products and crude oil pipelines, liquids terminals, and carbon dioxide infrastructure.