Insider Selling: Kinder Morgan (NYSE:KMI) VP Sells $192,200.00 in Stock

Kinder Morgan, Inc. (NYSE:KMI) VP John Schlosser sold 6,200 shares of Kinder Morgan stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $31.00, for a total value of $192,200.00. Following the completion of the transaction, the vice president owned 158,008 shares of the company’s stock, valued at approximately $4,898,248. This trade represents a 3.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $32.03 on Friday. Kinder Morgan, Inc. has a 12 month low of $26.24 and a 12 month high of $34.81. The company has a market cap of $71.36 billion, a P/E ratio of 19.77, a PEG ratio of 2.20 and a beta of 0.58. The company has a current ratio of 0.67, a quick ratio of 0.55 and a debt-to-equity ratio of 0.95. The firm has a fifty day moving average price of $32.03 and a 200 day moving average price of $32.16.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, October 21st. The pipeline company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The firm had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.37 billion. Kinder Morgan had a net margin of 19.64% and a return on equity of 10.84%. Kinder Morgan’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 earnings per share. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.57 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 2nd will be given a $0.2975 dividend. The ex-dividend date is Monday, November 2nd. This represents a $1.19 annualized dividend and a yield of 3.7%. Kinder Morgan’s dividend payout ratio is presently 73.46%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Capital One Financial began coverage on shares of Kinder Morgan in a research note on Tuesday, September 22nd. They set an “equal weight” rating and a $36.00 price target on the stock. Argus boosted their price objective on shares of Kinder Morgan from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Mizuho upped their target price on shares of Kinder Morgan from $37.00 to $39.00 and gave the stock an “outperform” rating in a research report on Thursday, October 22nd. Citigroup increased their target price on shares of Kinder Morgan from $34.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, October 23rd. Finally, Royal Bank Of Canada lifted their price target on shares of Kinder Morgan from $36.00 to $38.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 28th. Twelve analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $37.15.

Institutional Investors Weigh In On Kinder Morgan

Several institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp raised its position in shares of Kinder Morgan by 4.3% during the 2nd quarter. State Street Corp now owns 130,863,419 shares of the pipeline company’s stock worth $4,183,704,000 after purchasing an additional 5,361,578 shares during the last quarter. Oak Family Advisors LLC purchased a new stake in Kinder Morgan in the 2nd quarter valued at approximately $3,627,000. Envestnet Asset Management Inc. grew its holdings in Kinder Morgan by 0.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,122,523 shares of the pipeline company’s stock valued at $163,766,000 after buying an additional 38,739 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Kinder Morgan by 10.5% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 438,959 shares of the pipeline company’s stock valued at $14,034,000 after buying an additional 41,563 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Kinder Morgan by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 17,237,384 shares of the pipeline company’s stock worth $577,998,000 after buying an additional 448,130 shares in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan Company Profile

Kinder Morgan, Inc. (NYSE: KMI) is an energy infrastructure company that transports and stores natural gas, crude oil, refined petroleum products and other energy-related commodities. Its assets include pipelines, terminals and storage facilities serving energy producers, utilities, industrial customers and other markets across the United States and Canada. The company’s operations include natural gas transportation and storage, refined-products and crude-oil pipelines, bulk and liquids terminals, and carbon dioxide transportation.