Insider Selling: Kinder Morgan, Inc. (NYSE:KMI) President Sells 18,000 Shares of Stock

Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $28.26, for a total value of $508,680.00. Following the sale, the president now owns 771,652 shares of the company's stock, valued at approximately $21,806,885.52. This represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Kinder Morgan Stock Performance

Shares of KMI stock traded down $0.08 during mid-day trading on Friday, reaching $28.17. 6,726,120 shares of the company's stock traded hands, compared to its average volume of 13,945,854. Kinder Morgan, Inc. has a 12 month low of $19.47 and a 12 month high of $31.48. The firm has a 50 day moving average price of $27.18 and a two-hundred day moving average price of $27.46. The firm has a market capitalization of $62.58 billion, a PE ratio of 24.07, a price-to-earnings-growth ratio of 3.08 and a beta of 0.74. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. The business had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.02 billion. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. On average, research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were paid a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 4.15%. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, April 30th. Kinder Morgan's dividend payout ratio is presently 100.86%.

Institutional Investors Weigh In On Kinder Morgan

Several institutional investors and hedge funds have recently modified their holdings of KMI. Xponance Inc. increased its stake in Kinder Morgan by 5.2% in the 4th quarter. Xponance Inc. now owns 303,044 shares of the pipeline company's stock worth $8,303,000 after acquiring an additional 15,114 shares during the last quarter. Royal London Asset Management Ltd. raised its stake in Kinder Morgan by 2.0% during the fourth quarter. Royal London Asset Management Ltd. now owns 2,265,044 shares of the pipeline company's stock valued at $62,062,000 after purchasing an additional 44,474 shares in the last quarter. Chung Wu Investment Group LLC bought a new position in Kinder Morgan during the fourth quarter valued at $385,000. KLP Kapitalforvaltning AS bought a new position in Kinder Morgan during the fourth quarter valued at $21,774,000. Finally, Bridgewealth Advisory Group LLC purchased a new position in shares of Kinder Morgan in the 4th quarter worth $377,000. Institutional investors own 62.52% of the company's stock.

Analyst Ratings Changes

KMI has been the subject of several recent analyst reports. Barclays upgraded Kinder Morgan from an "equal weight" rating to an "overweight" rating and set a $31.00 price objective for the company in a research note on Monday, March 3rd. Royal Bank of Canada boosted their target price 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. Stifel Nicolaus lifted their price objective on Kinder Morgan from $27.00 to $28.00 and gave the stock a "hold" rating in a research report on Tuesday. JPMorgan Chase & Co. raised their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Finally, Scotiabank increased their price target on Kinder Morgan from $26.00 to $27.00 and gave the company a "sector perform" rating in a research note on Thursday. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $30.21.

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.