Insider Selling: Kinder Morgan, Inc. (NYSE:KMI) VP Sells $529,555.76 in Stock

Kinder Morgan, Inc. (NYSE:KMI) VP Sital K. Mody sold 25,169 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $21.04, for a total transaction of $529,555.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Kinder Morgan Trading Down 1.9 %

NYSE:KMI opened at $20.68 on Monday. The firm has a 50-day simple moving average of $20.14 and a 200-day simple moving average of $18.73. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $21.86. The firm has a market cap of $45.90 billion, a P/E ratio of 18.80, a P/E/G ratio of 2.92 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.28 and a current ratio of 0.37.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). The business had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $4.13 billion. Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm earned $0.24 EPS. Equities analysts anticipate that Kinder Morgan, Inc. will post 1.2 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 5.56%. The ex-dividend date of this dividend is Wednesday, July 31st. Kinder Morgan’s payout ratio is currently 104.55%.

Hedge Funds Weigh In On Kinder Morgan

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. True Wealth Design LLC boosted its holdings in shares of Kinder Morgan by 3,655.3% in the 4th quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock valued at $25,000 after buying an additional 1,389 shares in the last quarter. Altshuler Shaham Ltd acquired a new stake in Kinder Morgan in the fourth quarter valued at approximately $26,000. Pathway Financial Advisers LLC purchased a new position in Kinder Morgan in the first quarter worth $30,000. OFI Invest Asset Management purchased a new stake in shares of Kinder Morgan during the 1st quarter valued at $31,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in shares of Kinder Morgan in the 1st quarter worth $31,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analyst Ratings Changes

KMI has been the topic of several recent analyst reports. Argus upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Friday, July 19th. JPMorgan Chase & Co. lifted their target price on Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. UBS Group boosted their target price on shares of Kinder Morgan from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Tudor Pickering raised shares of Kinder Morgan to a “strong-buy” rating in a research note on Thursday, May 30th. Finally, Wells Fargo & Company raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $18.00 to $22.00 in a research report on Tuesday, June 4th. Seven analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Kinder Morgan currently has an average rating of “Moderate Buy” and an average target price of $22.11.

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.