Kinder Morgan (NYSE:KMI) Trading Down 8.2% - Here's What Happened

Kinder Morgan, Inc. (NYSE:KMI - Get Free Report)'s share price was down 8.2% during mid-day trading on Monday . The company traded as low as $27.59 and last traded at $27.80. Approximately 12,412,642 shares were traded during trading, a decline of 16% from the average daily volume of 14,764,659 shares. The stock had previously closed at $30.27.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Bank of America assumed coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They issued a "buy" rating and a $27.00 price target on the stock. Wells Fargo & Company lifted their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an "overweight" rating in a report on Thursday. Morgan Stanley upped their price target on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday. Royal Bank of Canada lifted their price objective on Kinder Morgan from $24.00 to $26.00 and gave the stock a "sector perform" rating in a research note on Tuesday, October 22nd. Finally, UBS Group raised their target price on Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a report on Monday. Eight investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Kinder Morgan presently has an average rating of "Moderate Buy" and a consensus target price of $29.23.

Kinder Morgan Stock Performance

The firm has a market capitalization of $60.86 billion, a price-to-earnings ratio of 23.41, a price-to-earnings-growth ratio of 4.13 and a beta of 0.94. The firm's 50-day moving average price is $28.03 and its two-hundred day moving average price is $24.50. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.10%. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.27 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.2875 per share. The ex-dividend date is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.20%. Kinder Morgan's payout ratio is presently 98.29%.

Insider Activity

In related news, President Thomas A. Martin sold 19,121 shares of Kinder Morgan stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total value of $502,499.88. Following the completion of the transaction, the president now directly owns 897,652 shares of the company's stock, valued at $23,590,294.56. The trade was a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Amy W. Chronis acquired 2,241 shares of the firm's stock in a transaction on Tuesday, November 5th. The shares were bought at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the acquisition, the director now owns 23,995 shares in the company, valued at approximately $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 55,121 shares of company stock worth $1,497,000. Corporate insiders own 12.64% of the company's stock.

Institutional Trading of Kinder Morgan

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. CX Institutional grew its position in shares of Kinder Morgan by 2.3% in the fourth quarter. CX Institutional now owns 15,661 shares of the pipeline company's stock valued at $429,000 after purchasing an additional 354 shares during the last quarter. Sunflower Bank N.A. increased its position in Kinder Morgan by 3.6% during the 4th quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company's stock worth $288,000 after buying an additional 367 shares during the period. Ignite Planners LLC lifted its holdings in shares of Kinder Morgan by 3.9% during the fourth quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company's stock worth $282,000 after buying an additional 372 shares in the last quarter. Eagle Bay Advisors LLC boosted its position in shares of Kinder Morgan by 8.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company's stock valued at $142,000 after acquiring an additional 385 shares during the period. Finally, Sunbelt Securities Inc. grew its stake in shares of Kinder Morgan by 0.5% in the third quarter. Sunbelt Securities Inc. now owns 90,560 shares of the pipeline company's stock valued at $2,000,000 after acquiring an additional 414 shares in the last quarter. Institutional investors and hedge funds 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.