Kinder Morgan, Inc. (NYSE:KMI) Declares $0.29 Quarterly Dividend

Kinder Morgan, Inc. (NYSE:KMI) declared a quarterly dividend on Thursday, July 17th, Wall Street Journal reports. Stockholders of record on Thursday, July 31st will be given a dividend of 0.2925 per share by the pipeline company on Friday, August 15th. This represents a $1.17 annualized dividend and a dividend yield of 4.30%. The ex-dividend date is Thursday, July 31st.

Kinder Morgan has a payout ratio of 86.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Kinder Morgan to earn $1.29 per share next year, which means the company should continue to be able to cover its $1.17 annual dividend with an expected future payout ratio of 90.7%.

Kinder Morgan Stock Performance

Shares of KMI opened at $27.22 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. Kinder Morgan has a 52 week low of $19.68 and a 52 week high of $31.48. The stock has a market cap of $60.48 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 3.48 and a beta of 0.75. The business has a 50-day simple moving average of $27.93 and a two-hundred day simple moving average of $27.56.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%. The firm had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.75 billion. During the same period in the previous year, the firm posted $0.26 earnings per share. The business’s revenue was up 13.2% compared to the same quarter last year. On average, analysts expect that Kinder Morgan will post 1.25 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on KMI shares. Scotiabank lifted their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Friday, July 18th. Morgan Stanley set a $34.00 target price on Kinder Morgan in a research report on Monday, July 7th. Royal Bank Of Canada raised their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 29th. Stifel Nicolaus boosted their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a “hold” rating in a research report on Tuesday, June 3rd. Finally, Wolfe Research upgraded shares of Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 target price for the company in a report on Friday. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and an average price target of $31.13.

Insider Buying and Selling

In other news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total transaction of $508,680.00. Following the completion of the sale, the president owned 771,652 shares in the company, valued at approximately $21,806,885.52. This represents a 2.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 12.73% of the stock is owned by insiders.

Institutional Investors Weigh In On Kinder Morgan

A hedge fund recently bought a new stake in Kinder Morgan stock. Brighton Jones LLC purchased a new position in Kinder Morgan, Inc. (NYSE:KMI) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 11,253 shares of the pipeline company’s stock, valued at approximately $308,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

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.