Thomas A. Martin Sells 18,000 Shares of Kinder Morgan, Inc. (NYSE:KMI) Stock

Kinder Morgan, Inc. (NYSE:KMI) President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total value of $478,980.00. Following the completion of the sale, the president now directly owns 825,652 shares in the company, valued at $21,970,599.72. This represents a 2.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Kinder Morgan Trading Down 0.6 %

Kinder Morgan stock opened at $26.14 on Friday. Kinder Morgan, Inc. has a 52 week low of $17.45 and a 52 week high of $31.48. 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 stock has a market capitalization of $58.09 billion, a P/E ratio of 22.35, a PEG ratio of 3.08 and a beta of 0.94. The stock has a 50-day simple moving average of $27.71 and a 200 day simple moving average of $25.68.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (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%. Analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s dividend payout ratio is presently 98.29%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Citigroup lifted their price target on Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Truist Financial lifted their target price on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their target price on Kinder Morgan from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday. Wells Fargo & Company lifted their target price on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, Scotiabank began coverage on Kinder Morgan in a research report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price on the stock. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and a consensus price target of $29.64.

Institutional Investors Weigh In On Kinder Morgan

Institutional investors have recently made changes to their positions in the company. Retirement Wealth Solutions LLC bought a new stake in shares of Kinder Morgan during the fourth quarter worth approximately $25,000. Centricity Wealth Management LLC bought a new stake in shares of Kinder Morgan during the fourth quarter worth approximately $25,000. Hurley Capital LLC bought a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $25,000. Fourth Dimension Wealth LLC bought a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $26,000. Finally, Modus Advisors LLC bought a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $27,000. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Company Profile

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.