Insider Selling: Kinder Morgan, Inc. (NYSE:KMI) VP Sells $2,011,035.65 in Stock

Kinder Morgan, Inc. (NYSE:KMI) VP John W. Schlosser sold 75,461 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the transaction, the vice president now owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. This trade represents a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $26.41 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The firm has a market cap of $58.67 billion, a P/E ratio of 22.57, a P/E/G ratio of 3.11 and a beta of 0.94. The business’s fifty day moving average is $27.77 and its two-hundred day moving average is $25.30. Kinder Morgan, Inc. has a 52 week low of $17.02 and a 52 week high of $31.48.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s dividend payout ratio is currently 98.29%.

Hedge Funds Weigh In On Kinder Morgan

Several large investors have recently made changes to their positions in the company. CX Institutional lifted its stake in shares of Kinder Morgan by 2.3% during the fourth quarter. CX Institutional now owns 15,661 shares of the pipeline company’s stock valued at $429,000 after acquiring an additional 354 shares during the period. Sunflower Bank N.A. lifted its stake in shares of Kinder Morgan by 3.6% during the fourth quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company’s stock valued at $288,000 after acquiring an additional 367 shares during the period. Ignite Planners LLC lifted its stake in shares of Kinder Morgan by 3.9% during the fourth quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company’s stock valued at $282,000 after acquiring an additional 372 shares during the period. Diligent Investors LLC lifted its stake in shares of Kinder Morgan by 1.5% during the fourth quarter. Diligent Investors LLC now owns 26,083 shares of the pipeline company’s stock valued at $715,000 after acquiring an additional 381 shares during the period. Finally, Eagle Bay Advisors LLC lifted its stake in shares of Kinder Morgan by 8.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company’s stock valued at $142,000 after acquiring an additional 385 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Wells Fargo & Company boosted their price objective on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. 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 report on Monday, January 27th. The Goldman Sachs Group boosted their price objective on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Truist Financial boosted their price objective 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, Morgan Stanley boosted their price objective on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Nine investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.14.

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.