Dax Sanders Sells 50,000 Shares of Kinder Morgan, Inc. (NYSE:KMI) Stock

Kinder Morgan, Inc. (NYSE:KMI) VP Dax Sanders sold 50,000 shares of Kinder Morgan stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total transaction of $987,500.00. Following the sale, the vice president now directly owns 259,069 shares of the company’s stock, valued at $5,116,612.75. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Kinder Morgan Stock Down 1.8 %

KMI stock traded down $0.35 during mid-day trading on Wednesday, hitting $19.39. 11,119,578 shares of the company were exchanged, compared to its average volume of 13,870,575. The firm has a fifty day simple moving average of $18.50 and a 200 day simple moving average of $17.75. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a twelve month low of $15.89 and a twelve month high of $19.93. The company has a market capitalization of $43.03 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 5.53 and a beta of 0.89.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, hitting analysts’ consensus estimates of $0.34. The company had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $4.36 billion. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. Kinder Morgan’s revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 EPS. On average, research analysts forecast that Kinder Morgan, Inc. will post 1.2 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were paid a $0.2875 dividend. The ex-dividend date was Monday, April 29th. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 dividend on an annualized basis and a yield of 5.93%. Kinder Morgan’s payout ratio is 104.55%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Truist Financial reissued a “hold” rating and issued a $20.00 price target (down from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. StockNews.com lowered shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.20.

Institutional Trading of Kinder Morgan

A number of institutional investors and hedge funds have recently modified their holdings of KMI. Independent Advisor Alliance increased its holdings in Kinder Morgan by 13.8% in the 4th quarter. Independent Advisor Alliance now owns 65,100 shares of the pipeline company’s stock valued at $1,148,000 after buying an additional 7,912 shares during the period. Gotham Asset Management LLC boosted its stake in shares of Kinder Morgan by 11.3% in the 3rd quarter. Gotham Asset Management LLC now owns 533,348 shares of the pipeline company’s stock valued at $8,843,000 after purchasing an additional 54,184 shares during the last quarter. Virginia Wealth Management Group Inc. boosted its stake in Kinder Morgan by 1.6% during the 3rd quarter. Virginia Wealth Management Group Inc. now owns 201,278 shares of the pipeline company’s stock worth $3,337,000 after acquiring an additional 3,085 shares during the last quarter. Teza Capital Management LLC boosted its stake in Kinder Morgan by 190.9% during the 3rd quarter. Teza Capital Management LLC now owns 527,280 shares of the pipeline company’s stock worth $8,742,000 after acquiring an additional 346,000 shares during the last quarter. Finally, Rheos Capital Works Inc. boosted its stake in Kinder Morgan by 285.7% during the 4th quarter. Rheos Capital Works Inc. now owns 1,080,000 shares of the pipeline company’s stock worth $19,051,000 after acquiring an additional 800,000 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

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.