Kinder Morgan, Inc. (NYSE:KMI) EVP Sells $814,935.35 in Stock

Key Points

• Dax Sanders, EVP of Kinder Morgan, sold 30,127 shares of the company at an average price of $27.05, totaling approximately $814,935, which represents a 9.35% decrease in his position.
• Kinder Morgan announced a quarterly dividend of $0.2925 per share, with a yield of 4.4%, to be paid on August 15th, with a payout ratio of 95.90%.
• Wall Street analysts have a positive outlook on Kinder Morgan, with a consensus average target price of $31.13 and several firms issuing upgraded ratings.

Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) EVP Dax Sanders sold 30,127 shares of Kinder Morgan stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $27.05, for a total transaction of $814,935.35. Following the sale, the executive vice president owned 292,000 shares of the company's stock, valued at approximately $7,898,600. This trade represents a 9.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Kinder Morgan Trading Down 0.6%

KMI traded down $0.16 during trading on Friday, hitting $26.69. 13,657,267 shares of the company's stock were exchanged, compared to its average volume of 17,484,992. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. Kinder Morgan, Inc. has a 1 year low of $20.56 and a 1 year high of $31.48. The stock has a 50 day moving average price of $27.74 and a 200 day moving average price of $27.37. The firm has a market cap of $59.31 billion, a P/E ratio of 21.88, a price-to-earnings-growth ratio of 3.36 and a beta of 0.78.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the previous year, the firm earned $0.26 earnings per share. Kinder Morgan's revenue for the quarter was up 13.2% on a year-over-year basis. As a group, analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were given a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan's payout ratio is presently 95.90%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on KMI shares. Cowen started coverage on shares of Kinder Morgan in a report on Monday, July 7th. They set a "buy" rating for the company. Wolfe Research upgraded shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price target for the company in a report on Friday, July 25th. Stifel Nicolaus boosted their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a "hold" rating in a report on Thursday. TD Cowen initiated coverage on shares of Kinder Morgan in a report on Monday, July 7th. They issued a "buy" rating and a $34.00 target price for the company. Finally, Royal Bank Of Canada boosted their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a report on Tuesday, April 29th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Kinder Morgan has an average rating of "Moderate Buy" and a consensus price target of $31.20.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Evergreen Capital Management LLC lifted its position in shares of Kinder Morgan by 6.9% during the second quarter. Evergreen Capital Management LLC now owns 72,818 shares of the pipeline company's stock worth $2,141,000 after purchasing an additional 4,681 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Kinder Morgan in the second quarter valued at $168,000. CANADA LIFE ASSURANCE Co raised its holdings in Kinder Morgan by 4.6% in the second quarter. CANADA LIFE ASSURANCE Co now owns 2,554,488 shares of the pipeline company's stock valued at $75,211,000 after acquiring an additional 111,406 shares in the last quarter. Fairfield Bush & CO. raised its holdings in Kinder Morgan by 17.3% in the second quarter. Fairfield Bush & CO. now owns 10,261 shares of the pipeline company's stock valued at $302,000 after acquiring an additional 1,511 shares in the last quarter. Finally, Corient Private Wealth LLC raised its holdings in Kinder Morgan by 24.5% in the second quarter. Corient Private Wealth LLC now owns 761,234 shares of the pipeline company's stock valued at $22,379,000 after acquiring an additional 149,568 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

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.