Amy W. Chronis Buys 2,241 Shares of Kinder Morgan, Inc. (NYSE:KMI) Stock

Kinder Morgan, Inc. (NYSE:KMI) Director Amy W. Chronis purchased 2,241 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was bought at an average cost of $24.89 per share, with a total value of $55,778.49. Following the completion of the acquisition, the director now directly owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Kinder Morgan Stock Up 0.2 %

KMI opened at $26.41 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The business’s fifty day simple moving average is $23.07 and its 200 day simple moving average is $21.08. Kinder Morgan, Inc. has a 52 week low of $16.17 and a 52 week high of $26.58. The stock has a market cap of $58.67 billion, a PE ratio of 23.17, a P/E/G ratio of 3.05 and a beta of 0.91.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 EPS. As a group, research analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.35%. The ex-dividend date is Thursday, October 31st. Kinder Morgan’s dividend payout ratio is currently 100.88%.

Institutional Trading of Kinder Morgan

Several hedge funds have recently added to or reduced their stakes in the business. Fifth Third Wealth Advisors LLC lifted its stake in shares of Kinder Morgan by 48.1% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 50,045 shares of the pipeline company’s stock valued at $1,106,000 after acquiring an additional 16,265 shares during the last quarter. Prospera Financial Services Inc increased its stake in Kinder Morgan by 0.4% in the 3rd quarter. Prospera Financial Services Inc now owns 150,430 shares of the pipeline company’s stock worth $3,324,000 after purchasing an additional 590 shares during the period. Caprock Group LLC lifted its position in Kinder Morgan by 89.3% in the third quarter. Caprock Group LLC now owns 67,334 shares of the pipeline company’s stock valued at $1,487,000 after purchasing an additional 31,767 shares during the last quarter. Pathstone Holdings LLC boosted its stake in shares of Kinder Morgan by 1.7% during the third quarter. Pathstone Holdings LLC now owns 178,659 shares of the pipeline company’s stock valued at $3,947,000 after purchasing an additional 2,918 shares during the period. Finally, New England Asset Management Inc. grew its holdings in shares of Kinder Morgan by 2.9% in the third quarter. New England Asset Management Inc. now owns 169,290 shares of the pipeline company’s stock worth $3,740,000 after purchasing an additional 4,810 shares during the last quarter. 62.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

KMI has been the topic of a number of recent research reports. Scotiabank increased their price objective on Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 17th. Stifel Nicolaus increased their price target on shares of Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a report on Tuesday, August 27th. The Goldman Sachs Group reaffirmed a “conviction-buy” rating on shares of Kinder Morgan in a research note on Friday, October 18th. Argus raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Friday, July 19th. Finally, Wells Fargo & Company raised their price target on shares of Kinder Morgan from $22.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kinder Morgan has a consensus rating of “Moderate Buy” and an average target price of $25.09.

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.