Sital K. Mody Sells 45,549 Shares of Kinder Morgan, Inc. (NYSE:KMI) Stock

Key Points

• Kinder Morgan VP Sital K. Mody sold 45,549 shares of the company's stock at an average price of $27.96, totaling over $1.27 million.
• The company reported quarterly earnings with an EPS of $0.28, matching analysts' expectations, and revenue of $4.04 billion, surpassing forecasts.
• Kinder Morgan declared a quarterly dividend of $0.2925 per share, resulting in an annualized dividend yield of 4.1%.

Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) VP Sital K. Mody sold 45,549 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $27.96, for a total transaction of $1,273,550.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Kinder Morgan Stock Performance

KMI stock traded up $0.13 on Friday, hitting $26.89. The company's stock had a trading volume of 5,466,240 shares, compared to its average volume of 14,607,813. The firm has a 50 day moving average of $27.92 and a two-hundred day moving average of $27.49. Kinder Morgan, Inc. has a 1 year low of $20.56 and a 1 year high of $31.48. The stock has a market cap of $59.74 billion, a price-to-earnings ratio of 22.04, a price-to-earnings-growth ratio of 3.37 and a beta of 0.78. 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 (NYSE:KMI - Get Free Report) last announced its quarterly earnings data 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 net margin of 17.06% and a return on equity of 8.31%. The company had revenue of $4.04 billion for the quarter, compared to analysts' expectations of $3.75 billion. During the same period in the previous year, the company posted $0.26 EPS. Kinder Morgan's revenue was up 13.2% compared to the same quarter last year. Equities analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Royal Bank Of Canada increased 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. Barclays reaffirmed an "overweight" rating and set a $32.00 price target (up previously from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Morgan Stanley set a $34.00 price objective on shares of Kinder Morgan in a research report on Monday, July 7th. JPMorgan Chase & Co. increased their price objective on shares of Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Finally, TD Cowen initiated coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a "buy" rating and a $34.00 price objective for the company. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $31.13.

Institutional Investors Weigh In On Kinder Morgan

A number of large investors have recently added to or reduced their stakes in KMI. Hurley Capital LLC bought a new position in Kinder Morgan during the fourth quarter worth $25,000. Sierra Ocean LLC increased its stake in Kinder Morgan by 927.1% in the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock worth $25,000 after purchasing an additional 788 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new position in Kinder Morgan in the 4th quarter worth about $26,000. LFA Lugano Financial Advisors SA purchased a new position in Kinder Morgan in the 2nd quarter worth about $26,000. Finally, Morse Asset Management Inc purchased a new position in Kinder Morgan during the 4th quarter valued at about $27,000. 62.52% of the stock is owned by institutional investors and hedge funds.

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.