Kinder Morgan (NYSE:KMI) Shares Down 0.2% – What’s Next?

Kinder Morgan, Inc. (NYSE:KMI) traded down 0.2% during trading on Friday . The company traded as low as $30.35 and last traded at $30.41. 2,526,401 shares were traded during mid-day trading, a decline of 82% from the average session volume of 14,277,969 shares. The stock had previously closed at $30.48.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KMI. Royal Bank of Canada lifted their target price on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. Bank of America assumed coverage on Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 price objective for the company. Morgan Stanley increased their target price on Kinder Morgan from $24.00 to $36.00 in a report on Thursday. Mizuho boosted their price target on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, UBS Group increased their price objective on Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Eight equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $28.92.

Kinder Morgan Stock Performance

The company has a market cap of $67.16 billion, a PE ratio of 25.84, a P/E/G ratio of 4.13 and a beta of 0.94. The stock’s 50 day simple moving average is $28.03 and its two-hundred day simple moving average is $24.44. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.10% and a net margin of 17.31%. As a group, research analysts anticipate that Kinder Morgan, Inc. will post 1.27 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be issued a $0.2875 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 3.80%. Kinder Morgan’s payout ratio is 98.29%.

Insiders Place Their Bets

In related news, Director Amy W. Chronis acquired 2,241 shares of Kinder Morgan stock in a transaction on Tuesday, November 5th. The shares were bought at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the purchase, the director now directly owns 23,995 shares in the company, valued at $597,235.55. This trade represents a 10.30 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Thomas A. Martin sold 19,121 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total value of $502,499.88. Following the sale, the president now owns 897,652 shares in the company, valued at approximately $23,590,294.56. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,121 shares of company stock worth $1,497,000 over the last ninety days. 12.64% of the stock is owned by company insiders.

Institutional Trading of Kinder Morgan

Large investors have recently bought and sold shares of the company. Retirement Wealth Solutions LLC acquired a new stake in Kinder Morgan during the 4th quarter valued at $25,000. Modus Advisors LLC purchased a new position in Kinder Morgan in the 4th quarter valued at about $27,000. Northwest Investment Counselors LLC purchased a new stake in shares of Kinder Morgan during the third quarter worth about $28,000. Heck Capital Advisors LLC acquired a new position in shares of Kinder Morgan in the fourth quarter worth about $29,000. Finally, HWG Holdings LP purchased a new position in Kinder Morgan in the second quarter valued at about $30,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Company Profile

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.