Kinder Morgan, Inc. (NYSE:KMI) VP John W. Schlosser Sells 6,166 Shares

Key Points

• VP John W. Schlosser of Kinder Morgan, Inc. sold 6,166 shares at an average price of $27.80, totaling approximately $171,414.80, which decreased his ownership by 2.59%.
• Kinder Morgan reported a 13.2% increase in revenue year-over-year, with quarterly earnings of $0.28 EPS, meeting consensus estimates.
• The company recently announced a quarterly dividend of $0.2925, which yields 4.2%, and has a payout ratio of 95.90%.

Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) VP John W. Schlosser sold 6,166 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $27.80, for a total transaction of $171,414.80. Following the transaction, the vice president owned 232,034 shares in the company, valued at approximately $6,450,545.20. This represents a 2.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Kinder Morgan Stock Performance

NYSE KMI traded down $0.22 during trading hours on Tuesday, reaching $28.06. The stock had a trading volume of 17,992,721 shares, compared to its average volume of 16,274,986. Kinder Morgan, Inc. has a 52-week low of $20.07 and a 52-week high of $31.48. The stock has a fifty day moving average of $27.97 and a 200 day moving average of $27.51. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. The stock has a market cap of $62.35 billion, a P/E ratio of 23.76, a price-to-earnings-growth ratio of 3.56 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 EPS for the quarter, meeting the consensus estimate of $0.28. The business had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The business's revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 EPS. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed 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 4.2%. The ex-dividend date of this dividend is Thursday, July 31st. Kinder Morgan's payout ratio is 95.90%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on KMI shares. JPMorgan Chase & Co. lifted their price target on Kinder Morgan from $30.00 to $32.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Stifel Nicolaus boosted their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a report on Tuesday, June 3rd. Scotiabank raised their price target on shares of Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a report on Friday, July 18th. Royal Bank Of Canada lifted their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research report on Tuesday, April 29th. Finally, Morgan Stanley set a $34.00 target price on shares of Kinder Morgan in a research note on Monday, July 7th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $31.13.

Institutional Trading of Kinder Morgan

Hedge funds have recently modified their holdings of the stock. Nuveen LLC acquired a new stake in shares of Kinder Morgan during the 1st quarter worth approximately $205,966,000. 59 North Capital Management LP acquired a new position in shares of Kinder Morgan in the first quarter worth about $195,658,000. Goldman Sachs Group Inc. boosted its stake in shares of Kinder Morgan by 37.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company's stock worth $578,628,000 after acquiring an additional 5,529,065 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Kinder Morgan by 212.5% during the 1st quarter. Assenagon Asset Management S.A. now owns 5,468,235 shares of the pipeline company's stock valued at $156,009,000 after acquiring an additional 3,718,521 shares during the period. Finally, Blackstone Inc. increased its stake in shares of Kinder Morgan by 435.0% in the 4th quarter. Blackstone Inc. now owns 4,358,263 shares of the pipeline company's stock valued at $119,416,000 after purchasing an additional 3,543,670 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

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.

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