William Smith Buys 3,000 Shares of Kinder Morgan (NYSE:KMI) Stock

Kinder Morgan, Inc. (NYSE:KMI) Director William Smith acquired 3,000 shares of Kinder Morgan stock in a transaction that occurred on Monday, February 2nd. The shares were purchased at an average cost of $29.75 per share, for a total transaction of $89,250.00. Following the purchase, the director directly owned 31,087 shares of the company’s stock, valued at approximately $924,838.25. This trade represents a 10.68% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Kinder Morgan Trading Down 0.9%

Shares of KMI opened at $30.05 on Thursday. Kinder Morgan, Inc. has a fifty-two week low of $23.94 and a fifty-two week high of $30.57. The company has a market capitalization of $66.85 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 2.49 and a beta of 0.70. The stock has a fifty day moving average of $27.77 and a two-hundred day moving average of $27.34. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.64.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $4.51 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.30 earnings per share. As a group, analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd will be paid a dividend of $0.2925 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.9%. Kinder Morgan’s dividend payout ratio is currently 85.40%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Freedom Capital upgraded shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 28th. Jefferies Financial Group boosted their price objective on shares of Kinder Morgan from $29.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, January 22nd. Mizuho dropped 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. Stifel Nicolaus lifted their target price on Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a report on Tuesday, November 11th. Finally, TD Cowen upped their price target on Kinder Morgan from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.38.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. LFA Lugano Financial Advisors SA acquired a new position in shares of Kinder Morgan in the second quarter worth about $26,000. Board of the Pension Protection Fund acquired a new stake in Kinder Morgan during the 4th quarter valued at approximately $27,000. Dorato Capital Management purchased a new stake in Kinder Morgan during the 4th quarter worth approximately $30,000. Strategic Advocates LLC acquired a new position in shares of Kinder Morgan in the 3rd quarter valued at approximately $32,000. Finally, Torren Management LLC purchased a new position in shares of Kinder Morgan during the 4th quarter valued at approximately $32,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Company Profile

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.