Kinder Morgan Inc (NYSE:KMI) insider Richard D. Kinder acquired 177,542 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was bought at an average price of $19.43 per share, for a total transaction of $3,449,641.06. Following the completion of the acquisition, the insider now owns 240,579,496 shares in the company, valued at approximately $4,674,459,607.28. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Kinder Morgan stock opened at $20.14 on Thursday. The company has a market cap of $43.39 billion, a price-to-earnings ratio of 22.63, a price-to-earnings-growth ratio of 2.86 and a beta of 0.95. Kinder Morgan Inc has a 52-week low of $14.62 and a 52-week high of $20.44. The company has a current ratio of 0.45, a quick ratio of 0.37 and a debt-to-equity ratio of 0.97.
Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, April 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.25. The company had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.63 billion. Kinder Morgan had a net margin of 11.59% and a return on equity of 6.13%. The firm’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the prior year, the business earned $0.22 EPS. Equities analysts expect that Kinder Morgan Inc will post 0.98 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, April 29th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a yield of 4.97%. Kinder Morgan’s dividend payout ratio is 112.36%.
Institutional investors have recently added to or reduced their stakes in the business. Founders Capital Management lifted its holdings in Kinder Morgan by 224.9% during the 1st quarter. Founders Capital Management now owns 1,228 shares of the pipeline company’s stock worth $25,000 after buying an additional 850 shares in the last quarter. Citizens Financial Group Inc RI increased its position in shares of Kinder Morgan by 119.2% in the 1st quarter. Citizens Financial Group Inc RI now owns 1,256 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 683 shares during the last quarter. Avestar Capital LLC increased its position in shares of Kinder Morgan by 83.5% in the 4th quarter. Avestar Capital LLC now owns 2,165 shares of the pipeline company’s stock valued at $27,000 after purchasing an additional 985 shares during the last quarter. Intercontinental Wealth Advisors LLC purchased a new stake in shares of Kinder Morgan in the 4th quarter valued at approximately $28,000. Finally, Cornerstone Advisors Inc. increased its position in shares of Kinder Morgan by 129.8% in the 4th quarter. Cornerstone Advisors Inc. now owns 1,896 shares of the pipeline company’s stock valued at $29,000 after purchasing an additional 1,071 shares during the last quarter. Institutional investors own 65.34% of the company’s stock.
Several brokerages have recently commented on KMI. Zacks Investment Research lowered shares of Kinder Morgan from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. Jefferies Financial Group lowered shares of Kinder Morgan from a “buy” rating to a “hold” rating and upped their price objective for the stock from $19.00 to $20.00 in a report on Monday, April 1st. JPMorgan Chase & Co. lowered shares of Kinder Morgan from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $21.00 to $22.00 in a report on Friday, March 22nd. ValuEngine upgraded shares of Kinder Morgan from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Finally, Goldman Sachs Group lowered shares of Kinder Morgan from a “conviction-buy” rating to a “buy” rating and set a $23.00 price objective on the stock. in a report on Thursday, March 28th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the stock. Kinder Morgan presently has an average rating of “Buy” and a consensus target price of $21.82.
About Kinder Morgan
Kinder Morgan, Inc operates as an energy infrastructure company 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 and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.
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