Kinder Morgan, Inc. Declares Quarterly Dividend of $0.29 (NYSE:KMI)

Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) announced a quarterly dividend on Thursday, July 17th, Wall Street Journal reports. Shareholders of record on Thursday, July 31st will be paid a dividend of 0.2925 per share by the pipeline company on Friday, August 15th. This represents a $1.17 annualized dividend and a yield of 4.26%. The ex-dividend date is Thursday, July 31st.

Kinder Morgan has a dividend payout ratio of 86.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings decline. Analysts expect Kinder Morgan to earn $1.29 per share next year, which means the company should continue to be able to cover its $1.17 annual dividend with an expected future payout ratio of 90.7%.

Kinder Morgan Stock Performance

Kinder Morgan stock traded down $0.41 during mid-day trading on Thursday, hitting $27.50. 24,691,049 shares of the company's stock traded hands, compared to its average volume of 14,005,045. The firm has a 50 day moving average price of $27.98 and a 200 day moving average price of $27.60. The company has a quick ratio of 0.35, a current ratio of 0.45 and a debt-to-equity ratio of 0.94. The company has a market cap of $61.10 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 3.01 and a beta of 0.75. Kinder Morgan has a one year low of $19.68 and a one year high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. Kinder Morgan had a return on equity of 8.11% and a net margin of 16.67%. The company had revenue of $4.04 billion for the quarter, compared to analysts' expectations of $3.75 billion. During the same period last year, the firm earned $0.26 EPS. The firm's revenue for the quarter was up 13.2% on a year-over-year basis. On average, equities analysts forecast that Kinder Morgan will post 1.25 EPS for the current year.

Analyst Upgrades and Downgrades

KMI has been the subject of several research analyst reports. Royal Bank Of Canada boosted their price objective 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. Scotiabank boosted their price objective on Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research report on Thursday, June 5th. Cowen initiated coverage on Kinder Morgan in a research report on Monday, July 7th. They set a "buy" rating for the company. Morgan Stanley set a $34.00 price objective on Kinder Morgan in a research report on Monday, July 7th. Finally, Barclays reissued an "overweight" rating and set a $32.00 price objective (up previously from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Kinder Morgan currently has an average rating of "Moderate Buy" and an average target price of $30.47.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $28.26, for a total value of $508,680.00. Following the completion of the sale, the president owned 771,652 shares in the company, valued at approximately $21,806,885.52. This trade represents a 2.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 12.73% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kinder Morgan

An institutional investor recently bought a new position in Kinder Morgan stock. Brighton Jones LLC purchased a new stake in Kinder Morgan, Inc. (NYSE:KMI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 11,253 shares of the pipeline company's stock, valued at approximately $308,000. 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.

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