Kinder Morgan Inc (NYSE:KMI) insider Richard D. Kinder bought 177,542 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were acquired at an average cost of $19.43 per share, with a total value of $3,449,641.06. Following the completion of the purchase, the insider now owns 240,579,496 shares in the company, valued at approximately $4,674,459,607.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of KMI opened at $19.67 on Tuesday. The company has a market cap of $43.46 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 2.87 and a beta of 0.95. Kinder Morgan Inc has a twelve month low of $14.62 and a twelve month high of $20.44. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.45 and a quick ratio of 0.37.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.25 earnings per share for the quarter, hitting the consensus estimate of $0.25. The company had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.63 billion. Kinder Morgan had a net margin of 11.59% and a return on equity of 6.13%. The business’s quarterly revenue was up .3% on a year-over-year basis. During the same period last year, the business earned $0.22 EPS. As a group, sell-side analysts expect that Kinder Morgan Inc will post 0.98 EPS for the current fiscal year.
A number of research firms recently issued reports on KMI. JPMorgan Chase & Co. cut Kinder Morgan from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $21.00 to $22.00 in a research note on Friday, March 22nd. Citigroup cut Kinder Morgan from a “buy” rating to a “neutral” rating and set a $20.00 target price for the company. in a research note on Wednesday, March 27th. Zacks Investment Research cut shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th. Jefferies Financial Group cut shares of Kinder Morgan from a “buy” rating to a “hold” rating and raised their price target for the stock from $19.00 to $20.00 in a research note on Monday, April 1st. Finally, Goldman Sachs Group cut shares of Kinder Morgan from a “conviction-buy” rating to a “buy” rating and set a $23.00 price target for the company. in a research note on Thursday, March 28th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $21.82.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in KMI. Founders Capital Management boosted its holdings in shares of Kinder Morgan by 224.9% in the 1st quarter. Founders Capital Management now owns 1,228 shares of the pipeline company’s stock valued at $25,000 after buying an additional 850 shares during the last quarter. Citizens Financial Group Inc RI boosted its holdings in shares of Kinder Morgan by 119.2% in the 1st quarter. Citizens Financial Group Inc RI now owns 1,256 shares of the pipeline company’s stock valued at $25,000 after buying an additional 683 shares during the last quarter. Avestar Capital LLC boosted its holdings in shares of Kinder Morgan by 83.5% in the 4th quarter. Avestar Capital LLC now owns 2,165 shares of the pipeline company’s stock valued at $27,000 after buying an additional 985 shares during the last quarter. Intercontinental Wealth Advisors LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at approximately $28,000. Finally, Cornerstone Advisors Inc. boosted its holdings in shares of Kinder Morgan by 129.8% in the 4th quarter. Cornerstone Advisors Inc. now owns 1,896 shares of the pipeline company’s stock valued at $29,000 after buying an additional 1,071 shares during the last quarter. 65.15% of the stock is owned by institutional investors.
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Kinder Morgan Company Profile
Kinder Morgan, Inc operates as an energy infrastructure company 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 and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.
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