Kinder Morgan (NYSE:KMI) Shares Up 0.1% – Here’s What Happened

Kinder Morgan, Inc. (NYSE:KMI) shares traded up 0.1% during mid-day trading on Monday . The stock traded as high as $27.29 and last traded at $27.08. 3,845,137 shares traded hands during trading, a decline of 76% from the average session volume of 15,700,644 shares. The stock had previously closed at $27.04.

Wall Street Analyst Weigh In

KMI has been the subject of a number of research reports. 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. Citigroup raised their target price on Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Truist Financial lifted their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Morgan Stanley raised their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. Finally, Royal Bank of Canada upped their target price on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $29.14.

Kinder Morgan Stock Down 1.9 %

The company has a market cap of $58.41 billion, a P/E ratio of 22.47, a PEG ratio of 3.16 and a beta of 0.94. The company has a quick ratio of 0.35, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The firm has a fifty day moving average price of $27.87 and a 200 day moving average price of $25.04.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 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%. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.23 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be given a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.37%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Insider Buying and Selling at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the sale, the president now directly owns 861,652 shares of the company’s stock, valued at $24,048,707.32. The trade was a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last ninety days, insiders have sold 54,000 shares of company stock worth $1,493,100. Insiders own 12.64% of the company’s stock.

Institutional Trading of Kinder Morgan

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Kinder Morgan by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 202,846,078 shares of the pipeline company’s stock worth $5,557,983,000 after purchasing an additional 1,469,759 shares during the period. Geode Capital Management LLC raised its holdings in Kinder Morgan by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 51,759,844 shares of the pipeline company’s stock worth $1,414,813,000 after purchasing an additional 1,252,609 shares during the period. Norges Bank bought a new position in shares of Kinder Morgan during the fourth quarter worth $917,523,000. Bank of New York Mellon Corp grew its holdings in shares of Kinder Morgan by 8.6% in the 4th quarter. Bank of New York Mellon Corp now owns 13,734,753 shares of the pipeline company’s stock valued at $376,332,000 after buying an additional 1,093,242 shares during the period. Finally, Amundi increased its position in shares of Kinder Morgan by 28.9% in the 4th quarter. Amundi now owns 11,819,777 shares of the pipeline company’s stock valued at $334,381,000 after buying an additional 2,650,040 shares in the last quarter. Institutional investors and hedge funds 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.