Kinder Morgan, Inc. (NYSE:KMI) Director Sells $4,328,600.00 in Stock

Kinder Morgan, Inc. (NYSE:KMI) Director Michael C. Morgan sold 230,000 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the sale, the director now directly owns 345,087 shares in the company, valued at $6,494,537.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Kinder Morgan Price Performance

NYSE:KMI opened at $18.80 on Friday. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $18.92. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.28 and a current ratio of 0.50. The firm has a market cap of $41.72 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 5.30 and a beta of 0.90. The firm’s fifty day moving average is $17.95 and its two-hundred day moving average is $17.46.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The company had revenue of $3.84 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same period in the prior year, the company earned $0.30 earnings per share. The firm’s revenue was down 1.2% on a year-over-year basis. Research analysts expect that Kinder Morgan, Inc. will post 1.18 EPS for the current year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a $0.2875 dividend. The ex-dividend date is Monday, April 29th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.12%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s dividend payout ratio is 102.73%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on KMI. StockNews.com lowered shares of Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Truist Financial reissued a “hold” rating and set a $20.00 price objective (down from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $20.20.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. True Wealth Design LLC raised its position in shares of Kinder Morgan by 3,655.3% in the fourth quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 1,389 shares during the period. Altshuler Shaham Ltd acquired a new position in shares of Kinder Morgan in the fourth quarter worth about $26,000. Tucker Asset Management LLC acquired a new position in shares of Kinder Morgan in the third quarter worth about $25,000. Hartford Financial Management Inc. acquired a new position in shares of Kinder Morgan in the third quarter worth about $26,000. Finally, Activest Wealth Management acquired a new position in shares of Kinder Morgan in the fourth quarter worth about $30,000. Institutional investors and hedge funds 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.