Michael C. Morgan Sells 230,000 Shares of Kinder Morgan, Inc. (NYSE:KMI) Stock

Kinder Morgan, Inc. (NYSE:KMI) Director Michael C. Morgan sold 230,000 shares of Kinder Morgan stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $18.82, for a total value of $4,328,600.00. Following the completion of the transaction, the director now owns 345,087 shares in the company, valued at approximately $6,494,537.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Kinder Morgan Stock Down 0.1 %

Shares of NYSE:KMI opened at $18.80 on Friday. Kinder Morgan, Inc. has a 1 year low of $15.89 and a 1 year high of $18.92. The company has a market cap of $41.72 billion, a PE ratio of 17.09, a P/E/G ratio of 5.30 and a beta of 0.90. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.50 and a quick ratio of 0.28. The stock’s 50-day moving average is $17.95 and its 200 day moving average is $17.46.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.34. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The company had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the previous year, the business earned $0.30 EPS. Kinder Morgan’s revenue was down 1.2% compared to the same quarter last year. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 6.12%. The ex-dividend date is Monday, April 29th. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s payout ratio is currently 102.73%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Truist Financial reiterated a “hold” rating and issued a $20.00 price objective (down previously from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. StockNews.com downgraded Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $20.20.

Institutional Trading of Kinder Morgan

Several large investors have recently bought and sold shares of the company. KG&L Capital Management LLC boosted its position in Kinder Morgan by 149.4% during the 1st quarter. KG&L Capital Management LLC now owns 30,430 shares of the pipeline company’s stock valued at $558,000 after acquiring an additional 18,230 shares in the last quarter. Checchi Capital Advisers LLC boosted its position in Kinder Morgan by 13.8% during the 1st quarter. Checchi Capital Advisers LLC now owns 22,132 shares of the pipeline company’s stock valued at $406,000 after acquiring an additional 2,682 shares in the last quarter. Osborne Partners Capital Management LLC boosted its position in Kinder Morgan by 4.4% during the 1st quarter. Osborne Partners Capital Management LLC now owns 405,346 shares of the pipeline company’s stock valued at $7,434,000 after acquiring an additional 16,980 shares in the last quarter. Smith Chas P & Associates PA Cpas bought a new stake in Kinder Morgan during the 1st quarter valued at approximately $190,000. Finally, Triumph Capital Management bought a new stake in Kinder Morgan during the 1st quarter valued at approximately $555,000. 62.52% of the stock is owned by institutional investors.

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.