Kinder Morgan, Inc. (NYSE:KMI) VP John W. Schlosser Sells 75,461 Shares

Kinder Morgan, Inc. (NYSE:KMI) VP John W. Schlosser sold 75,461 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the sale, the vice president now directly owns 220,681 shares in the company, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Kinder Morgan Stock Performance

NYSE KMI opened at $26.84 on Thursday. Kinder Morgan, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $31.48. The firm has a market capitalization of $59.63 billion, a P/E ratio of 22.94, a price-to-earnings-growth ratio of 3.13 and a beta of 0.94. The stock’s fifty day moving average is $27.79 and its two-hundred day moving average is $25.25. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 22nd. 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 net margin of 17.31% and a return on equity of 8.09%. On average, research analysts anticipate that Kinder Morgan, Inc. will post 1.23 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.29%. The ex-dividend date of this dividend was Monday, February 3rd. Kinder Morgan’s payout ratio is presently 98.29%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KMI. Wells Fargo & Company raised their target price on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Citigroup raised their price objective on Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Scotiabank initiated coverage on Kinder Morgan in a research note on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price for the company. Mizuho lifted their price target on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, Truist Financial upped their price objective on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Nine investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $29.14.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Creative Planning increased its position in shares of Kinder Morgan by 5.2% during the 3rd quarter. Creative Planning now owns 412,376 shares of the pipeline company’s stock worth $9,109,000 after purchasing an additional 20,468 shares during the last quarter. nVerses Capital LLC purchased a new position in Kinder Morgan during the third quarter worth about $75,000. Global Retirement Partners LLC increased its position in shares of Kinder Morgan by 3.5% during the third quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company’s stock valued at $504,000 after acquiring an additional 776 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Kinder Morgan by 47.0% in the 3rd quarter. Blue Trust Inc. now owns 24,818 shares of the pipeline company’s stock valued at $548,000 after acquiring an additional 7,932 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Kinder Morgan by 2.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 100,386 shares of the pipeline company’s stock worth $2,218,000 after acquiring an additional 2,456 shares during the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

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.