Insider Selling: Kinder Morgan (NYSE:KMI) CFO Sells 20,000 Shares of Stock

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

Kinder Morgan Stock Performance

KMI traded down $0.26 during trading on Monday, hitting $29.32. 15,779,450 shares of the company traded hands, compared to its average volume of 12,809,728. Kinder Morgan, Inc. has a one year low of $23.94 and a one year high of $30.18. The stock’s fifty day moving average is $27.27 and its 200 day moving average is $27.22. The firm has a market cap of $65.22 billion, a P/E ratio of 22.75, a price-to-earnings-growth ratio of 2.40 and a beta of 0.69. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 18.04% and a return on equity of 9.02%. Kinder Morgan’s revenue was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 EPS. As a group, equities analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

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

Hedge Funds Weigh In On Kinder Morgan

Several institutional investors and hedge funds have recently added to or reduced their stakes in KMI. LFA Lugano Financial Advisors SA purchased a new position in Kinder Morgan during the 2nd quarter valued at about $26,000. Board of the Pension Protection Fund purchased a new stake in shares of Kinder Morgan in the 4th quarter worth approximately $27,000. Dorato Capital Management bought a new position in Kinder Morgan during the 4th quarter valued at approximately $30,000. Strategic Advocates LLC purchased a new position in Kinder Morgan during the third quarter valued at $32,000. Finally, Lodestone Wealth Management LLC bought a new stake in Kinder Morgan in the fourth quarter worth $33,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analysts Set New Price Targets

KMI has been the topic of several recent analyst reports. TD Cowen increased their target price on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday. Jefferies Financial Group raised their price objective on shares of Kinder Morgan from $29.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday. Royal Bank Of Canada upped their target price on shares of Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 13th. Stifel Nicolaus boosted their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Tuesday, November 11th. Finally, Scotiabank boosted their price objective on Kinder Morgan from $29.00 to $30.00 and gave the company a “sector perform” rating in a research report on Friday. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $32.07.

About Kinder Morgan

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.