Kinder Morgan, Inc. (NYSE:KMI) Director Amy W. Chronis Buys 2,759 Shares

Key Points

• Amy W. Chronis, a director at Kinder Morgan, purchased 2,759 shares of the company's stock for a total of $75,072.39, increasing her holdings by 8.62%.
• Kinder Morgan announced a quarterly dividend of $0.2925 per share, representing an annualized dividend of $1.17 and a yield of 4.20%.
• The stock's recent trading price reached $27.88, with analysts giving it an average rating of "Moderate Buy" and a target price of approximately $31.13.

Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) Director Amy W. Chronis bought 2,759 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The stock was bought at an average price of $27.21 per share, with a total value of $75,072.39. Following the completion of the acquisition, the director owned 34,764 shares of the company's stock, valued at $945,928.44. This trade represents a 8.62% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Kinder Morgan Stock Performance

NYSE KMI traded up $0.13 during midday trading on Friday, hitting $28.19. The company had a trading volume of 5,207,184 shares, compared to its average volume of 14,363,747. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. The stock has a market cap of $62.65 billion, a price-to-earnings ratio of 23.11, a P/E/G ratio of 3.53 and a beta of 0.75. The firm has a fifty day simple moving average of $27.95 and a two-hundred day simple moving average of $27.56. Kinder Morgan, Inc. has a fifty-two week low of $19.68 and a fifty-two week high of $31.48.

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, meeting the consensus estimate of $0.28. The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The firm's revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 EPS. Equities analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be paid a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Thursday, July 31st. Kinder Morgan's dividend payout ratio is presently 95.90%.

Institutional Investors Weigh In On Kinder Morgan

Large investors have recently bought and sold shares of the company. Convergence Investment Partners LLC acquired a new position in shares of Kinder Morgan in the second quarter valued at approximately $1,317,000. Oak Grove Capital LLC boosted its holdings in shares of Kinder Morgan by 253.6% in the second quarter. Oak Grove Capital LLC now owns 224,900 shares of the pipeline company's stock valued at $6,612,000 after buying an additional 161,300 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Kinder Morgan by 5.3% in the second quarter. Envestnet Asset Management Inc. now owns 4,867,834 shares of the pipeline company's stock valued at $143,114,000 after buying an additional 245,962 shares during the period. Resonant Capital Advisors LLC bought a new stake in Kinder Morgan during the 2nd quarter worth about $234,000. Finally, Oppenheimer Asset Management Inc. lifted its position in Kinder Morgan by 4.9% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 115,303 shares of the pipeline company's stock worth $3,390,000 after buying an additional 5,429 shares in the last quarter. Institutional investors own 62.52% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on KMI shares. Wells Fargo & Company raised their price target on Kinder Morgan from $33.00 to $34.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. TD Cowen started coverage on Kinder Morgan in a report on Monday, July 7th. They set a "buy" rating and a $34.00 price target on the stock. Royal Bank Of Canada raised their price target on Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 29th. JPMorgan Chase & Co. raised their price target on Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a report on Monday. Finally, Morgan Stanley set a $34.00 price objective on Kinder Morgan in a report on Monday, July 7th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Kinder Morgan currently has a consensus rating of "Moderate Buy" and an average target price of $31.13.

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.