Thomas A. Martin Sells 18,000 Shares of Kinder Morgan, Inc. (NYSE:KMI) Stock

Kinder Morgan, Inc. (NYSE:KMI) President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total transaction of $498,600.00. Following the transaction, the president now owns 843,652 shares in the company, valued at approximately $23,369,160.40. This represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Kinder Morgan Stock Up 1.1 %

Shares of KMI opened at $27.07 on Friday. The firm has a market capitalization of $60.13 billion, a P/E ratio of 23.13, a P/E/G ratio of 3.12 and a beta of 0.94. The company has a 50-day simple moving average of $27.92 and a 200-day simple moving average of $24.88. Kinder Morgan, Inc. has a 52 week low of $16.47 and a 52 week high of $31.48. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.49.

Kinder Morgan (NYSE:KMI) last posted 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 net margin of 17.31% and a return on equity of 8.09%. On average, equities research analysts expect that Kinder Morgan, Inc. will post 1.28 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid a $0.2875 dividend. The ex-dividend date is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.25%. Kinder Morgan’s payout ratio is currently 98.29%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on KMI shares. Bank of America assumed coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They set a “buy” rating and a $27.00 price target on the stock. Mizuho lifted their price objective on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Wells Fargo & Company boosted their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Morgan Stanley boosted their target price on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Finally, Barclays boosted their target price on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and an average target price of $29.14.

Institutional Trading of Kinder Morgan

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KMI. Retirement Wealth Solutions LLC bought a new stake in Kinder Morgan in the fourth quarter valued at about $25,000. Centricity Wealth Management LLC bought a new stake in Kinder Morgan during the fourth quarter worth about $25,000. Modus Advisors LLC bought a new stake in Kinder Morgan during the fourth quarter worth about $27,000. Northwest Investment Counselors LLC bought a new stake in Kinder Morgan during the third quarter worth about $28,000. Finally, Heck Capital Advisors LLC bought a new stake in Kinder Morgan during the fourth quarter worth about $29,000. Institutional investors own 62.52% of the company’s stock.

About Kinder Morgan

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.