Kinder Morgan (NYSE:KMI) Shares Up 1.3% - Here's What Happened

Shares of Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) shot up 1.3% on Friday . The company traded as high as $26.93 and last traded at $26.90. 2,908,320 shares changed hands during trading, a decline of 81% from the average session volume of 15,686,730 shares. The stock had previously closed at $26.56.

Analysts Set New Price Targets

A number of research firms recently weighed in on KMI. The Goldman Sachs Group raised their price objective on Kinder Morgan from $26.00 to $29.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Royal Bank of Canada raised their price objective on Kinder Morgan from $24.00 to $26.00 and gave the company a "sector perform" rating in a research report on Tuesday, October 22nd. Wells Fargo & Company raised their price objective on Kinder Morgan from $30.00 to $33.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. UBS Group raised their price objective on Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Finally, Truist Financial increased their target price on Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. Nine investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Kinder Morgan presently has a consensus rating of "Moderate Buy" and an average target price of $29.14.

Kinder Morgan Trading Up 0.2 %

The stock has a market capitalization of $59.11 billion, a PE ratio of 22.74, a P/E/G ratio of 3.16 and a beta of 0.94. 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 stock has a 50 day moving average price of $27.80 and a 200-day moving average price of $25.15.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 expect that Kinder Morgan, Inc. will post 1.23 earnings per share for the current year.

Kinder Morgan Dividend Announcement

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 issued a $0.2875 dividend. The ex-dividend date is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.32%. Kinder Morgan's dividend payout ratio is currently 98.29%.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total value of $492,120.00. Following the transaction, the president now directly owns 879,652 shares of the company's stock, valued at approximately $24,049,685.68. This trade represents a 2.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have sold 54,000 shares of company stock valued at $1,493,100. 12.64% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kinder Morgan

A number of institutional investors have recently bought and sold shares of KMI. Retirement Wealth Solutions LLC purchased a new position in shares of Kinder Morgan in the fourth quarter valued at about $25,000. Centricity Wealth Management LLC purchased a new position in shares of Kinder Morgan in the fourth quarter valued at about $25,000. Hurley Capital LLC purchased a new position in shares of Kinder Morgan in the fourth quarter valued at about $25,000. Modus Advisors LLC purchased a new position in shares of Kinder Morgan in the fourth quarter valued at about $27,000. Finally, Morse Asset Management Inc purchased a new position in shares of Kinder Morgan in the fourth quarter valued at about $27,000. 62.52% of the stock is owned by institutional investors.

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.