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

Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $28.75, for a total value of $517,500.00. Following the transaction, the president now owns 807,652 shares of the company's stock, valued at approximately $23,219,995. The trade was a 2.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Kinder Morgan Stock Up 0.1 %

Shares of KMI traded up $0.02 during midday trading on Monday, reaching $25.31. 23,811,695 shares of the stock were exchanged, compared to its average volume of 13,861,407. The company has a market capitalization of $56.25 billion, a P/E ratio of 21.64, a PEG ratio of 3.08 and a beta of 0.72. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. Kinder Morgan, Inc. has a 52 week low of $17.61 and a 52 week high of $31.48. The company's 50 day moving average is $27.15 and its two-hundred day moving average is $26.67.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. On average, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

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Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.2875 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.54%. Kinder Morgan's dividend payout ratio is currently 98.29%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Edgestream Partners L.P. raised its holdings in Kinder Morgan by 643.2% in the third quarter. Edgestream Partners L.P. now owns 79,732 shares of the pipeline company's stock worth $1,761,000 after purchasing an additional 69,004 shares in the last quarter. Erste Asset Management GmbH acquired a new position in Kinder Morgan during the 3rd quarter valued at about $1,449,000. Hilltop Holdings Inc. raised its stake in Kinder Morgan by 31.7% in the third quarter. Hilltop Holdings Inc. now owns 58,815 shares of the pipeline company's stock valued at $1,299,000 after buying an additional 14,141 shares during the last quarter. HighTower Advisors LLC boosted its holdings in Kinder Morgan by 1.1% in the third quarter. HighTower Advisors LLC now owns 1,308,481 shares of the pipeline company's stock worth $28,887,000 after acquiring an additional 14,461 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Kinder Morgan by 102.0% during the third quarter. Janus Henderson Group PLC now owns 494,385 shares of the pipeline company's stock worth $10,923,000 after acquiring an additional 249,640 shares during the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KMI has been the topic of several research reports. Citigroup boosted their price target on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Wells Fargo & Company lifted their price target on Kinder Morgan from $30.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Truist Financial upped their price objective on Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. Royal Bank of Canada lifted their target price on Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a report on Monday, March 3rd. 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 price target for the company. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $29.64.

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.