Posted by Defense World Staff on Aug 16th, 2024
Kinder Morgan, Inc. (NYSE:KMI – Get Free Report) VP Dax Sanders sold 1,729 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total transaction of $36,309.00. Following the sale, the vice president now owns 307,409 shares in the company, valued at $6,455,589. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Dax Sanders also recently made the following trade(s):
- On Tuesday, May 21st, Dax Sanders sold 50,000 shares of Kinder Morgan stock. The stock was sold at an average price of $19.75, for a total transaction of $987,500.00.
Kinder Morgan Stock Up 0.7 %
NYSE:KMI opened at $21.11 on Friday. The firm’s 50 day simple moving average is $20.40 and its 200 day simple moving average is $18.94. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.37 and a quick ratio of 0.28. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $21.86. The company has a market cap of $46.85 billion, a PE ratio of 19.19, a P/E/G ratio of 2.92 and a beta of 0.93.
Kinder Morgan (NYSE:KMI – Get Free Report) last posted its earnings results on Wednesday, July 17th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The business had revenue of $3.57 billion for the quarter, compared to analyst estimates of $4.13 billion. During the same quarter in the prior year, the business earned $0.24 earnings per share. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. On average, research analysts anticipate that Kinder Morgan, Inc. will post 1.2 earnings per share for the current year.
Kinder Morgan Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were issued a dividend of $0.2875 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.15 annualized dividend and a yield of 5.45%. Kinder Morgan’s payout ratio is 104.55%.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on KMI. Tudor Pickering upgraded shares of Kinder Morgan to a “strong-buy” rating in a research note on Thursday, May 30th. Barclays raised their price target on shares of Kinder Morgan from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. raised their price target on shares of Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Scotiabank raised their price target on shares of Kinder Morgan from $19.00 to $21.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 17th. Finally, Argus upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Friday, July 19th. Seven research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.11.
View Our Latest Stock Analysis on Kinder Morgan
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in KMI. Vanguard Group Inc. raised its holdings in Kinder Morgan by 15.8% during the 1st quarter. Vanguard Group Inc. now owns 199,888,911 shares of the pipeline company’s stock worth $3,665,963,000 after purchasing an additional 27,254,172 shares during the last quarter. Norges Bank bought a new position in Kinder Morgan during the 4th quarter worth approximately $409,063,000. Confluence Investment Management LLC bought a new stake in shares of Kinder Morgan in the 1st quarter valued at $87,627,000. Castle Hook Partners LP increased its stake in shares of Kinder Morgan by 108.2% in the 1st quarter. Castle Hook Partners LP now owns 7,799,826 shares of the pipeline company’s stock valued at $143,049,000 after acquiring an additional 4,053,793 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP increased its stake in shares of Kinder Morgan by 45.9% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 9,959,947 shares of the pipeline company’s stock valued at $182,665,000 after acquiring an additional 3,135,457 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.
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.
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