Insider Selling: Kinder Morgan, Inc. (NYSE:KMI) VP Sells 4,500 Shares of Stock

Kinder Morgan, Inc. (NYSE:KMI) VP John W. Schlosser sold 4,500 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, October 12th. The shares were sold at an average price of $18.00, for a total transaction of $81,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

NYSE:KMI opened at $17.97 on Thursday. The company has a fifty day simple moving average of $16.61 and a two-hundred day simple moving average of $17.38. The company has a market cap of $40.73 billion, a price-to-earnings ratio of 23.96, a price-to-earnings-growth ratio of 4.09 and a beta of 1.12. The company has a quick ratio of 0.77, a current ratio of 0.85 and a debt-to-equity ratio of 1.00. Kinder Morgan, Inc. has a 52 week low of $11.45 and a 52 week high of $19.29.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Tuesday, July 20th. The pipeline company reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.04. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $2.90 billion. Kinder Morgan had a net margin of 11.91% and a return on equity of 9.34%. The company’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.17 earnings per share. On average, analysts expect that Kinder Morgan, Inc. will post 1.3 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 16th. Investors of record on Monday, August 2nd were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, July 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 6.01%. Kinder Morgan’s payout ratio is currently 122.73%.

Several research firms have recently commented on KMI. Mizuho lifted their price target on shares of Kinder Morgan from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, July 22nd. Bank of America began coverage on shares of Kinder Morgan in a research report on Tuesday, September 28th. They set a “neutral” rating on the stock. Finally, Piper Sandler lifted their price target on shares of Kinder Morgan from $17.00 to $19.00 and gave the company a “neutral” rating in a research report on Thursday, June 17th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $16.93.

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. grew its stake in shares of Kinder Morgan by 13.4% during the second quarter. BlackRock Inc. now owns 180,745,619 shares of the pipeline company’s stock worth $3,294,991,000 after purchasing an additional 21,329,607 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Kinder Morgan by 0.3% during the second quarter. Vanguard Group Inc. now owns 169,476,131 shares of the pipeline company’s stock worth $3,089,550,000 after purchasing an additional 569,949 shares in the last quarter. State Street Corp grew its stake in shares of Kinder Morgan by 4.0% during the second quarter. State Street Corp now owns 136,273,345 shares of the pipeline company’s stock worth $2,484,263,000 after purchasing an additional 5,263,835 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Kinder Morgan by 9.1% during the second quarter. Geode Capital Management LLC now owns 34,240,604 shares of the pipeline company’s stock worth $622,433,000 after purchasing an additional 2,868,638 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Kinder Morgan by 2.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 25,761,745 shares of the pipeline company’s stock worth $469,637,000 after purchasing an additional 612,570 shares in the last quarter. Hedge funds and other institutional investors own 59.33% of the company’s stock.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company. The firm engages in the operation of pipelines and terminals that transport natural gas, gasoline, crude oil, carbon dioxide (CO2) and other products and stores petroleum products chemicals and handles bulk materials like ethanol, coal, petroleum coke and steel.

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