Kinder Morgan (NYSE:KMI) Shares Down 1.7% Following Weak Earnings

Kinder Morgan, Inc. (NYSE:KMI) traded down 1.7% during trading on Thursday following a dissappointing earnings announcement. The stock traded as low as $30.12 and last traded at $30.27. Approximately 8,220,805 shares were traded during trading, a decline of 41% from the average session volume of 14,020,573 shares. The stock had previously closed at $30.78.

The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 3.80%. Kinder Morgan’s payout ratio is presently 100.88%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. The Goldman Sachs Group upped their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Royal Bank of Canada lifted their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a report on Tuesday, October 22nd. Bank of America started coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They set a “buy” rating and a $27.00 target price on the stock. UBS Group raised their price target on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, Wells Fargo & Company increased their price target on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $27.25.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of KMI. Allen Capital Group LLC raised its holdings in shares of Kinder Morgan by 8.8% in the fourth quarter. Allen Capital Group LLC now owns 207,235 shares of the pipeline company’s stock worth $5,678,000 after buying an additional 16,818 shares during the last quarter. Iams Wealth Management LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter worth $211,000. SteelPeak Wealth LLC raised its holdings in shares of Kinder Morgan by 3.0% during the fourth quarter. SteelPeak Wealth LLC now owns 55,225 shares of the pipeline company’s stock worth $1,513,000 after purchasing an additional 1,614 shares during the last quarter. Stonegate Investment Group LLC boosted its holdings in Kinder Morgan by 3.9% in the fourth quarter. Stonegate Investment Group LLC now owns 25,846 shares of the pipeline company’s stock valued at $708,000 after purchasing an additional 980 shares during the last quarter. Finally, Perigon Wealth Management LLC raised its stake in shares of Kinder Morgan by 18.2% during the 4th quarter. Perigon Wealth Management LLC now owns 14,170 shares of the pipeline company’s stock valued at $426,000 after buying an additional 2,183 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Down 1.8 %

The stock has a market cap of $67.16 billion, a PE ratio of 26.53, a P/E/G ratio of 4.18 and a beta of 0.94. The business has a 50 day moving average price of $27.90 and a 200 day moving average price of $24.32. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95.

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.