Kinder Morgan (NYSE:KMI) Shares Up 2.5% Following Dividend Announcement

Kinder Morgan, Inc. (NYSE:KMIGet Rating)’s stock price shot up 2.5% during trading on Thursday following a dividend announcement from the company. The stock traded as high as $18.81 and last traded at $18.81. 66,677 shares traded hands during trading, a decline of 99% from the average session volume of 11,986,548 shares. The stock had previously closed at $18.36.

The newly announced dividend which will be paid on Wednesday, February 15th. Shareholders of record on Tuesday, January 31st will be given a $0.2775 dividend. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.95%. The ex-dividend date of this dividend is Monday, January 30th. Kinder Morgan’s dividend payout ratio is presently 100.91%.

Wall Street Analysts Forecast Growth

KMI has been the topic of a number of recent analyst reports. Citigroup initiated coverage on shares of Kinder Morgan in a research report on Thursday, December 8th. They issued a “neutral” rating and a $19.00 target price on the stock. Barclays increased their target price on shares of Kinder Morgan from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Wednesday. StockNews.com initiated coverage on shares of Kinder Morgan in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. TD Securities dropped their target price on shares of Kinder Morgan from $23.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, October 20th. Finally, Wells Fargo & Company dropped their target price on shares of Kinder Morgan from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 25th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $20.44.

Kinder Morgan Price Performance

The company has a market capitalization of $41.90 billion, a PE ratio of 16.95, a P/E/G ratio of 5.79 and a beta of 0.95. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.50 and a current ratio of 0.62. The company’s 50-day simple moving average is $18.35 and its 200-day simple moving average is $17.97.

Kinder Morgan (NYSE:KMIGet Rating) last released its earnings results on Wednesday, January 18th. The pipeline company reported $0.30 EPS for the quarter, hitting the consensus estimate of $0.30. Kinder Morgan had a net margin of 13.20% and a return on equity of 7.97%. The company had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.86 billion. During the same quarter last year, the business earned $0.27 EPS. The business’s revenue was up 3.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.15 earnings per share for the current year.

Insider Transactions at Kinder Morgan

In other news, VP John W. Schlosser sold 1,500 shares of the firm’s stock in a transaction on Tuesday, December 27th. The shares were sold at an average price of $18.18, for a total value of $27,270.00. Following the completion of the sale, the vice president now owns 21,219 shares in the company, valued at approximately $385,761.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders sold 4,500 shares of company stock worth $82,320. Company insiders own 12.51% of the company’s stock.

Institutional Trading of Kinder Morgan

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Householder Group Estate & Retirement Specialist LLC purchased a new position in Kinder Morgan during the 3rd quarter valued at about $26,000. LS Investment Advisors LLC purchased a new position in Kinder Morgan during the 2nd quarter valued at about $28,000. EdgeRock Capital LLC purchased a new position in Kinder Morgan during the 3rd quarter valued at about $29,000. Tilia Fiduciary Partners Inc. increased its holdings in Kinder Morgan by 644.5% during the 2nd quarter. Tilia Fiduciary Partners Inc. now owns 1,906 shares of the pipeline company’s stock valued at $32,000 after acquiring an additional 1,650 shares in the last quarter. Finally, TD Capital Management LLC purchased a new position in Kinder Morgan during the 3rd quarter valued at about $33,000. Institutional investors and hedge funds own 60.48% of the company’s stock.

About Kinder Morgan

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Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground 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 liquefaction and storage facilities.

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