Kinder Morgan, Inc. (NYSE:KMI) Director Sells $4,328,600.00 in Stock

Kinder Morgan, Inc. (NYSE:KMI) Director Michael C. Morgan sold 230,000 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the sale, the director now owns 345,087 shares of the company’s stock, valued at $6,494,537.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kinder Morgan Stock Performance

NYSE:KMI opened at $18.68 on Friday. The firm has a 50-day moving average of $17.98 and a two-hundred day moving average of $17.47. 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 has a market cap of $41.46 billion, a P/E ratio of 16.98, a PEG ratio of 5.31 and a beta of 0.90. Kinder Morgan, Inc. has a 1-year low of $15.89 and a 1-year high of $18.92.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34. The firm had revenue of $3.84 billion during the quarter, compared to analyst estimates of $4.36 billion. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. Kinder Morgan’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 EPS. On average, research analysts expect that Kinder Morgan, Inc. will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.16%. The ex-dividend date of this dividend is Monday, April 29th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s dividend payout ratio is 102.73%.

Hedge Funds Weigh In On Kinder Morgan

A number of hedge funds have recently bought and sold shares of KMI. Hourglass Capital LLC grew its position in shares of Kinder Morgan by 0.6% in the 1st quarter. Hourglass Capital LLC now owns 318,170 shares of the pipeline company’s stock worth $5,835,000 after acquiring an additional 1,900 shares in the last quarter. YHB Investment Advisors Inc. bought a new position in Kinder Morgan during the first quarter worth $84,000. Clear Creek Financial Management LLC boosted its holdings in Kinder Morgan by 10.4% in the first quarter. Clear Creek Financial Management LLC now owns 12,582 shares of the pipeline company’s stock worth $231,000 after purchasing an additional 1,188 shares during the period. Mesirow Financial Investment Management Inc. bought a new stake in Kinder Morgan during the first quarter valued at $5,898,000. Finally, KG&L Capital Management LLC raised its holdings in shares of Kinder Morgan by 149.4% during the first quarter. KG&L Capital Management LLC now owns 30,430 shares of the pipeline company’s stock worth $558,000 after purchasing an additional 18,230 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on KMI shares. Truist Financial reaffirmed a “hold” rating and set a $20.00 price target (down from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. StockNews.com downgraded Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $20.20.

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.