Shares of Kinder Morgan, Inc. (NYSE:KMI – Get Free Report) traded down 0.1% during trading on Tuesday . The company traded as low as $26.95 and last traded at $27.43. 7,864,256 shares traded hands during trading, a decline of 50% from the average session volume of 15,774,079 shares. The stock had previously closed at $27.46.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on KMI shares. UBS Group boosted their price objective on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Monday. Wells Fargo & Company upped their target price on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Morgan Stanley lifted their price target on Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Truist Financial upped their price target on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, Barclays upped their target price on Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Nine 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.14.
Read Our Latest Report on Kinder Morgan
Kinder Morgan Price Performance
Kinder Morgan (NYSE:KMI – Get Free Report) last issued its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.10% and a net margin of 17.31%. On average, equities research analysts predict that Kinder Morgan, Inc. will post 1.27 EPS for the current year.
Kinder Morgan Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date is Monday, February 3rd. Kinder Morgan’s payout ratio is 98.29%.
Insider Activity
In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the sale, the president now owns 861,652 shares of the company’s stock, valued at $24,048,707.32. This trade represents a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Amy W. Chronis acquired 2,241 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were acquired at an average price of $24.89 per share, with a total value of $55,778.49. Following the acquisition, the director now owns 23,995 shares in the company, valued at $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 55,121 shares of company stock worth $1,497,000. 12.64% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of KMI. Retirement Wealth Solutions LLC purchased a new position in shares of Kinder Morgan during the fourth quarter valued at $25,000. Modus Advisors LLC bought a new stake in shares of Kinder Morgan in the 4th quarter valued at about $27,000. Northwest Investment Counselors LLC purchased a new stake in shares of Kinder Morgan in the 3rd quarter worth approximately $28,000. Heck Capital Advisors LLC purchased a new position in Kinder Morgan during the fourth quarter valued at approximately $29,000. Finally, Planning Capital Management Corp raised its position in shares of Kinder Morgan by 143.6% in the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 797 shares in the last quarter. Institutional investors 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.
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