Kinder Morgan (NYSE:KMI) CFO David Patrick Michels Sells 20,000 Shares

Kinder Morgan, Inc. (NYSE:KMI) CFO David Patrick Michels sold 20,000 shares of the business’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $30.00, for a total value of $600,000.00. Following the transaction, the chief financial officer owned 139,428 shares in the company, valued at $4,182,840. This represents a 12.54% 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 link.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock traded down $0.26 during trading on Monday, hitting $29.32. 15,779,450 shares of the company’s stock traded hands, compared to its average volume of 12,809,728. The firm’s fifty day moving average price is $27.27 and its 200 day moving average price is $27.22. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $30.18. The company has a market cap of $65.22 billion, a PE ratio of 22.75, a PEG ratio of 2.40 and a beta of 0.69. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.64 and a quick ratio of 0.49.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.33 billion. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.30 earnings per share. Analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 2nd will be given a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 4.0%. The ex-dividend date is Monday, February 2nd. Kinder Morgan’s payout ratio is 85.40%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of KMI. Davis Capital Management bought a new stake in shares of Kinder Morgan in the third quarter worth $1,426,000. Carnegie Investment Counsel increased its stake in shares of Kinder Morgan by 9.8% in the 3rd quarter. Carnegie Investment Counsel now owns 755,295 shares of the pipeline company’s stock valued at $21,382,000 after acquiring an additional 67,274 shares in the last quarter. Vise Technologies Inc. acquired a new position in shares of Kinder Morgan during the second quarter valued at about $1,713,000. Westwood Holdings Group Inc. grew its stake in Kinder Morgan by 9.6% in the second quarter. Westwood Holdings Group Inc. now owns 7,058,772 shares of the pipeline company’s stock valued at $207,528,000 after acquiring an additional 616,679 shares during the period. Finally, Nordea Investment Management AB increased its stake in Kinder Morgan by 9.9% during the 2nd quarter. Nordea Investment Management AB now owns 145,988 shares of the pipeline company’s stock valued at $4,270,000 after purchasing an additional 13,150 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

KMI has been the subject of several recent research reports. Stifel Nicolaus upped their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Tuesday, November 11th. Mizuho decreased their price objective on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a report on Friday, November 14th. TD Cowen increased their price objective on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday. Morgan Stanley set a $35.00 price target on shares of Kinder Morgan in a research report on Thursday. Finally, Jefferies Financial Group boosted their target price on Kinder Morgan from $29.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus target price of $32.07.

About Kinder Morgan

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.