Kinder Morgan (NYSE:KMI) VP Anthony Ashley Sells 8,000 Shares of Stock

Kinder Morgan, Inc. (NYSE:KMI) VP Anthony Ashley sold 8,000 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $31.95, for a total transaction of $255,600.00. Following the completion of the transaction, the vice president directly owned 100,146 shares of the company’s stock, valued at $3,199,664.70. This trade represents a 7.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Kinder Morgan Price Performance

NYSE KMI traded down $0.17 during trading on Friday, reaching $32.38. 2,877,203 shares of the company traded hands, compared to its average volume of 14,686,285. Kinder Morgan, Inc. has a 1-year low of $23.94 and a 1-year high of $32.77. The company has a market cap of $72.03 billion, a price-to-earnings ratio of 23.64, a P/E/G ratio of 2.66 and a beta of 0.70. The stock’s 50 day moving average price is $28.74 and its two-hundred day moving average price is $27.65. 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 posted its earnings results on Wednesday, January 21st. The pipeline company reported $0.39 EPS for the quarter, topping the consensus estimate 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%.Kinder Morgan’s revenue was up 13.1% on a year-over-year basis. During the same quarter last year, the company earned $0.30 EPS. As a group, analysts anticipate 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 was paid on Tuesday, February 17th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.2925 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.6%. Kinder Morgan’s dividend payout ratio (DPR) is presently 85.40%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of KMI. LFA Lugano Financial Advisors SA bought a new position in Kinder Morgan in the second quarter valued at about $26,000. Board of the Pension Protection Fund bought a new position in shares of Kinder Morgan in the 4th quarter valued at about $27,000. Commonwealth Retirement Investments LLC acquired a new stake in shares of Kinder Morgan during the 4th quarter worth approximately $27,000. Acumen Wealth Advisors LLC bought a new stake in shares of Kinder Morgan during the fourth quarter worth approximately $28,000. Finally, Dorato Capital Management acquired a new position in Kinder Morgan in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on KMI shares. Mizuho cut their price target on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a report on Friday, November 14th. Scotiabank lifted their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “sector perform” rating in a research note on Friday, January 23rd. Barclays reissued an “overweight” rating on shares of Kinder Morgan in a report on Friday. TD Cowen raised their price target on Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Finally, Freedom Capital raised Kinder Morgan from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 28th. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $32.38.

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.