Posted by Tech Dows on Aug 15th, 2024
Kinder Morgan, Inc. (NYSE:KMI – Get Free Report) VP Dax Sanders sold 1,729 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the transaction, the vice president now directly owns 307,409 shares in the company, valued at approximately $6,455,589. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Dax Sanders also recently made the following trade(s):
- On Tuesday, May 21st, Dax Sanders sold 50,000 shares of Kinder Morgan stock. The shares were sold at an average price of $19.75, for a total value of $987,500.00.
Kinder Morgan Trading Up 0.2 %
Shares of NYSE:KMI opened at $20.96 on Thursday. The company has a market capitalization of $46.52 billion, a PE ratio of 19.05, a P/E/G ratio of 2.92 and a beta of 0.93. The company has a current ratio of 0.37, a quick ratio of 0.28 and a debt-to-equity ratio of 0.90. Kinder Morgan, Inc. has a 12-month low of $15.89 and a 12-month high of $21.86. The business’s fifty day simple moving average is $20.38 and its 200-day simple moving average is $18.92.
Kinder Morgan (NYSE:KMI – Get Free Report) last posted its earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). The company had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $4.13 billion. Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. During the same quarter last year, the firm earned $0.24 EPS. Kinder Morgan’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, equities research analysts predict that Kinder Morgan, Inc. will post 1.2 earnings per share for the current fiscal year.
Kinder Morgan Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be paid a $0.2875 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $1.15 annualized dividend and a yield of 5.49%. Kinder Morgan’s dividend payout ratio (DPR) is 104.55%.
Analysts Set New Price Targets
Several research firms have recently weighed in on KMI. Barclays lifted their target price on Kinder Morgan from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. Scotiabank boosted their price objective on shares of Kinder Morgan from $19.00 to $21.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 17th. Tudor Pickering raised shares of Kinder Morgan to a “strong-buy” rating in a research report on Thursday, May 30th. JPMorgan Chase & Co. boosted their price target on Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Finally, Argus upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Friday, July 19th. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.11.
Hedge Funds Weigh In On Kinder Morgan
Several institutional investors and hedge funds have recently bought and sold shares of KMI. True Wealth Design LLC grew its stake in shares of Kinder Morgan by 3,655.3% during the fourth quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 1,389 shares during the last quarter. Altshuler Shaham Ltd purchased a new stake in Kinder Morgan during the 4th quarter worth approximately $26,000. Pathway Financial Advisers LLC purchased a new stake in Kinder Morgan during the 1st quarter worth approximately $30,000. OFI Invest Asset Management purchased a new position in shares of Kinder Morgan in the first quarter worth $31,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in shares of Kinder Morgan during the first quarter worth $31,000. 62.52% of the stock is 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.
Featured Articles
- Five stocks we like better than Kinder Morgan
- Why Are These Companies Considered Blue Chips?
- Conservative Portfolio: Strategies for Stability
- Stock Sentiment Analysis: How it Works
- Unlocking Growth: Why Arcos Dorados Belongs in Your Portfolio
- What is the NASDAQ Stock Exchange?
- Forget Robotaxis: Electric Air Taxis are the Next Big Investment
Receive News & Ratings for Kinder Morgan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinder Morgan and related companies with MarketBeat.com's FREE daily email newsletter.
You might be interested in:
Spell Token Trading 1% Lower Over Last 7 Days
Boston Trust Walden Corp Has $27.02 Million Stake in Manhattan Associates, Inc.
Atomic Wallet Coin Price Down 3.4% This Week
Hoylecohen LLC Purchases 1,728 Shares of Altria Group, Inc.
