Kinder Morgan, Inc. (NYSE:KMI) VP Sells $1,273,550.04 in 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 on Friday, August 1st. The shares were sold at an average price of $27.96, for a total transaction of $1,273,550.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Kinder Morgan Stock Performance

NYSE KMI traded down $1.27 on Wednesday, reaching $26.77. 38,729,611 shares of the stock were exchanged, compared to its average volume of 14,611,601. 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, Inc. has a one year low of $20.56 and a one year high of $31.48. The firm has a market capitalization of $59.48 billion, a PE ratio of 21.94, a PEG ratio of 3.56 and a beta of 0.78. The company's 50-day simple moving average is $27.96 and its two-hundred day simple moving average is $27.52.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced 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. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same period last year, the firm earned $0.26 EPS. The company's revenue was up 13.2% on a year-over-year basis. Analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Cowen initiated coverage on Kinder Morgan in a research note on Monday, July 7th. They set a "buy" rating for the company. Stifel Nicolaus raised their price objective on Kinder Morgan from $27.00 to $28.00 and gave the company a "hold" rating in a research note on Tuesday, June 3rd. Wolfe Research upgraded Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price target on the stock in a research report on Friday, July 25th. Royal Bank Of Canada raised their target price on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 29th. Finally, Wells Fargo & Company increased their price target on shares of Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, Kinder Morgan presently has an average rating of "Moderate Buy" and a consensus price target of $31.13.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Hurley Capital LLC purchased a new stake in shares of Kinder Morgan during the 4th quarter worth approximately $25,000. Sierra Ocean LLC increased its holdings in shares of 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 buying an additional 788 shares during the last quarter. Fourth Dimension Wealth LLC bought a new position in shares of Kinder Morgan in the 4th quarter valued at about $26,000. Morse Asset Management Inc bought a new stake in Kinder Morgan during the fourth quarter worth approximately $27,000. Finally, Heck Capital Advisors LLC purchased a new stake in Kinder Morgan during the fourth quarter valued at approximately $29,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

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.