Kinder Morgan (NYSE:KMI) Trading Down 0.4% - Here's Why

Kinder Morgan, Inc. (NYSE:KMI - Get Free Report)'s share price traded down 0.4% during mid-day trading on Tuesday . The stock traded as low as $27.33 and last traded at $27.48. 2,873,452 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 16,095,227 shares. The stock had previously closed at $27.58.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on KMI shares. Bank of America initiated coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They issued a "buy" rating and a $27.00 target price on the stock. Barclays lifted their target price on Kinder Morgan from $27.00 to $31.00 and gave the stock an "equal weight" rating in a report on Thursday, January 16th. Morgan Stanley increased their price objective on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Mizuho upped their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Finally, Citigroup lifted their price target on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Nine analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $29.14.

Kinder Morgan Stock Performance

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 company has a market cap of $61.41 billion, a P/E ratio of 23.63, a PEG ratio of 3.12 and a beta of 0.94. The business's 50 day simple moving average is $27.95 and its 200 day simple moving average is $24.85.

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 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%. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.28 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The business 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. The ex-dividend date is Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.16%. Kinder Morgan's payout ratio is 98.29%.

Insiders Place Their Bets

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the transaction, the president now directly owns 861,652 shares of the company's stock, valued at $24,048,707.32. This trade represents a 2.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 12.81% of the company's stock.

Institutional Trading of Kinder Morgan

Institutional investors and hedge funds have recently modified their holdings of the stock. CX Institutional raised its stake in shares of Kinder Morgan by 2.3% in the 4th quarter. CX Institutional now owns 15,661 shares of the pipeline company's stock valued at $429,000 after purchasing an additional 354 shares in the last quarter. Sunflower Bank N.A. increased its holdings in 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 buying an additional 367 shares during the last quarter. Ignite Planners LLC lifted its holdings in Kinder Morgan by 3.9% during the 4th quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company's stock worth $282,000 after buying an additional 372 shares during the last quarter. Eagle Bay Advisors LLC grew its position in shares of Kinder Morgan by 8.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company's stock worth $142,000 after acquiring an additional 385 shares in the last quarter. Finally, Bristlecone Advisors LLC raised its position in shares of Kinder Morgan by 2.6% during the 4th quarter. Bristlecone Advisors LLC now owns 15,794 shares of the pipeline company's stock valued at $433,000 after acquiring an additional 400 shares in the last quarter. Institutional investors own 62.52% of the company's stock.

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.