Kinder Morgan, Inc. (NYSE:KMI) Director Purchases $55,778.49 in Stock

Kinder Morgan, Inc. (NYSE:KMI) Director Amy W. Chronis purchased 2,241 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was bought at an average cost of $24.89 per share, with a total value of $55,778.49. Following the completion of the acquisition, the director now directly owns 23,995 shares of the company’s stock, valued at $597,235.55. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Kinder Morgan Price Performance

NYSE KMI traded up $1.63 during trading hours on Wednesday, hitting $26.34. 27,280,391 shares of the company’s stock traded hands, compared to its average volume of 13,879,635. The company has a market capitalization of $58.52 billion, a PE ratio of 23.11, a PEG ratio of 2.99 and a beta of 0.91. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. Kinder Morgan, Inc. has a 52-week low of $16.17 and a 52-week high of $26.58. The firm’s 50-day moving average is $23.07 and its 200-day moving average is $21.08.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The company had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter last year, the company earned $0.25 earnings per share. Kinder Morgan’s revenue for the quarter was down 5.3% on a year-over-year basis. Equities analysts forecast that Kinder Morgan, Inc. will post 1.19 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.2875 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.15 annualized dividend and a dividend yield of 4.37%. Kinder Morgan’s dividend payout ratio is presently 100.88%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on KMI shares. Wells Fargo & Company boosted their target price on shares of Kinder Morgan from $22.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Barclays upped their price objective on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Monday. Scotiabank raised their target price on Kinder Morgan from $19.00 to $21.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 17th. Bank of America began coverage on Kinder Morgan in a report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price target for the company. Finally, Truist Financial raised their price objective on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, October 17th. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $25.09.

Institutional Investors Weigh In On Kinder Morgan

A number of hedge funds have recently modified their holdings of KMI. Natixis Advisors LLC lifted its holdings in Kinder Morgan by 49.4% in the third quarter. Natixis Advisors LLC now owns 631,901 shares of the pipeline company’s stock valued at $13,959,000 after acquiring an additional 208,981 shares during the last quarter. Meridian Investment Counsel Inc. grew its holdings in shares of Kinder Morgan by 27.4% in the third quarter. Meridian Investment Counsel Inc. now owns 102,794 shares of the pipeline company’s stock valued at $2,271,000 after purchasing an additional 22,086 shares in the last quarter. Northcape Wealth Management LLC raised its stake in shares of Kinder Morgan by 0.7% in the third quarter. Northcape Wealth Management LLC now owns 347,121 shares of the pipeline company’s stock valued at $7,668,000 after acquiring an additional 2,445 shares in the last quarter. KCM Investment Advisors LLC grew its stake in Kinder Morgan by 14.9% during the 3rd quarter. KCM Investment Advisors LLC now owns 15,568 shares of the pipeline company’s stock worth $344,000 after purchasing an additional 2,020 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in Kinder Morgan by 15.2% during the 3rd quarter. Empowered Funds LLC now owns 172,905 shares of the pipeline company’s stock worth $3,819,000 after purchasing an additional 22,776 shares during the period. 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.