Kinder Morgan, Inc. (NYSE:KMI) CFO Sells $1,127,600.00 in Stock

Key Points

• Kinder Morgan CFO David Patrick Michels sold 40,000 shares of company stock at an average price of $28.19, reducing his ownership by 20.06% and retaining 159,428 shares valued at approximately $4.49 million.
• Kinder Morgan announced a quarterly dividend of $0.2925, with a yield of 4.1%, to be paid on August 15th, with a payout ratio of 95.90%.
• The company's latest earnings report showed a revenue increase of 13.2% year-over-year, meeting the consensus EPS estimate of $0.28 while achieving a net income margin of 17.06%.

Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) CFO David Patrick Michels sold 40,000 shares of the business's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the completion of the sale, the chief financial officer owned 159,428 shares in the company, valued at $4,494,275.32. This represents a 20.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Kinder Morgan Stock Performance

Kinder Morgan stock traded down $1.27 during mid-day trading on Wednesday, hitting $26.77. 38,729,611 shares of the company's stock traded hands, compared to its average volume of 14,611,601. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. Kinder Morgan, Inc. has a one year low of $20.56 and a one year high of $31.48. The company has a market cap of $59.48 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 3.56 and a beta of 0.78. The firm has a 50 day moving average price of $27.96 and a 200 day moving average price of $27.52.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, hitting the consensus estimate of $0.28. The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.75 billion. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%. The business's revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.26 EPS. On average, equities analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 31st will be issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Thursday, July 31st. Kinder Morgan's payout ratio is presently 95.90%.

Institutional Investors Weigh In On Kinder Morgan

A number of large investors have recently bought and sold shares of KMI. Harvest Portfolios Group Inc. boosted its stake in Kinder Morgan by 13.6% during the 2nd quarter. Harvest Portfolios Group Inc. now owns 280,189 shares of the pipeline company's stock worth $8,238,000 after acquiring an additional 33,601 shares during the last quarter. Bryn Mawr Trust Advisors LLC raised its stake in Kinder Morgan by 6.7% in the 2nd quarter. Bryn Mawr Trust Advisors LLC now owns 12,903 shares of the pipeline company's stock valued at $379,000 after acquiring an additional 811 shares during the period. Savant Capital LLC lifted its holdings in Kinder Morgan by 23.7% during the 2nd quarter. Savant Capital LLC now owns 141,531 shares of the pipeline company's stock valued at $4,161,000 after purchasing an additional 27,078 shares during the last quarter. Texas Yale Capital Corp. increased its holdings in shares of Kinder Morgan by 8.7% in the second quarter. Texas Yale Capital Corp. now owns 40,884 shares of the pipeline company's stock valued at $1,202,000 after purchasing an additional 3,260 shares during the last quarter. Finally, Modera Wealth Management LLC lifted its stake in shares of Kinder Morgan by 0.9% during the 2nd quarter. Modera Wealth Management LLC now owns 57,398 shares of the pipeline company's stock worth $1,688,000 after buying an additional 490 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on KMI. Wolfe Research raised shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 target price for the company in a research note on Friday, July 25th. Scotiabank upped their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research note on Friday, July 18th. Royal Bank Of Canada boosted their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 29th. Morgan Stanley set a $34.00 price objective on shares of Kinder Morgan in a research report on Monday, July 7th. Finally, Barclays restated an "overweight" rating and issued a $32.00 target price (up from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $31.13.

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.