Kinder Morgan (NYSE:KMI) Stock Price Down 0.9% - Should You Sell?

Kinder Morgan, Inc. (NYSE:KMI - Get Free Report)'s stock price traded down 0.9% during mid-day trading on Wednesday . The company traded as low as $26.25 and last traded at $26.56. 3,261,970 shares were traded during trading, a decline of 79% from the average session volume of 15,760,294 shares. The stock had previously closed at $26.79.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Barclays raised their price objective on Kinder Morgan from $27.00 to $31.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 16th. Mizuho raised their price objective on Kinder Morgan from $31.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. The Goldman Sachs Group raised their price objective on Kinder Morgan from $26.00 to $29.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Scotiabank assumed coverage on Kinder Morgan in a report on Friday, January 10th. They set a "sector perform" rating and a $26.00 target price for the company. Finally, Morgan Stanley raised their target price on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Nine analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $29.14.

Kinder Morgan Stock Up 0.2 %

The firm has a 50 day moving average price of $27.80 and a 200-day moving average price of $25.15. The company has a current ratio of 0.49, a quick ratio of 0.35 and a debt-to-equity ratio of 0.94. The firm has a market cap of $59.11 billion, a PE ratio of 22.74, a PEG ratio of 3.16 and a beta of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data 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 net margin of 17.31% and a return on equity of 8.09%. Research analysts forecast that Kinder Morgan, Inc. will post 1.23 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.32%. The ex-dividend date is Monday, February 3rd. Kinder Morgan's payout ratio is 98.29%.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total transaction of $498,600.00. Following the completion of the sale, the president now owns 843,652 shares in the company, valued at $23,369,160.40. The trade was a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 54,000 shares of company stock worth $1,493,100 over the last 90 days. 12.64% of the stock is owned by insiders.

Institutional Investors Weigh In On Kinder Morgan

Several institutional investors have recently added to or reduced their stakes in the business. CX Institutional lifted its position in shares of Kinder Morgan by 2.3% in the fourth quarter. CX Institutional now owns 15,661 shares of the pipeline company's stock valued at $429,000 after acquiring an additional 354 shares in the last quarter. Sunflower Bank N.A. lifted its position in shares of Kinder Morgan by 3.6% in the fourth quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company's stock valued at $288,000 after acquiring an additional 367 shares in the last quarter. Ignite Planners LLC lifted its position in shares of Kinder Morgan by 3.9% in the fourth quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company's stock valued at $282,000 after acquiring an additional 372 shares in the last quarter. Diligent Investors LLC lifted its position in shares of Kinder Morgan by 1.5% in the fourth quarter. Diligent Investors LLC now owns 26,083 shares of the pipeline company's stock valued at $715,000 after acquiring an additional 381 shares in the last quarter. Finally, Eagle Bay Advisors LLC lifted its position in shares of Kinder Morgan by 8.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company's stock valued at $142,000 after acquiring an additional 385 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

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.