Kinder Morgan, Inc. (NYSE:KMI) Plans Quarterly Dividend of $0.29

Kinder Morgan, Inc. (NYSE:KMI) announced a quarterly dividend on Wednesday, January 22nd,RTT News reports. Stockholders of record on Monday, February 3rd will be paid a dividend of 0.2875 per share by the pipeline company on Tuesday, February 18th. This represents a $1.15 annualized dividend and a dividend yield of 3.74%.

Kinder Morgan has raised its dividend payment by an average of 2.2% per year over the last three years. Kinder Morgan has a payout ratio of 85.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Kinder Morgan to earn $1.29 per share next year, which means the company should continue to be able to cover its $1.15 annual dividend with an expected future payout ratio of 89.1%.

Kinder Morgan Stock Performance

Shares of KMI stock traded down $0.43 on Wednesday, hitting $30.79. 20,191,036 shares of the stock traded hands, compared to its average volume of 14,591,789. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. The company’s fifty day moving average is $27.82 and its 200 day moving average is $24.28. The company has a market capitalization of $68.40 billion, a PE ratio of 27.01, a PEG ratio of 3.97 and a beta of 0.94. Kinder Morgan has a 1-year low of $16.47 and a 1-year high of $31.48.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. On average, equities research analysts predict that Kinder Morgan will post 1.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Amy W. Chronis purchased 2,241 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were bought at an average cost of $24.89 per share, with a total value of $55,778.49. Following the acquisition, the director now owns 23,995 shares of the company’s stock, valued at $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Thomas A. Martin sold 19,121 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total value of $502,499.88. Following the transaction, the president now directly owns 897,652 shares in the company, valued at $23,590,294.56. This represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,121 shares of company stock valued at $1,497,000 in the last three months. Insiders own 12.81% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on KMI shares. The Goldman Sachs Group raised their price objective on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Wells Fargo & Company raised their price objective on shares of Kinder Morgan from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Barclays raised their price target on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Bank of America initiated coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They set a “buy” rating and a $27.00 price target for the company. Finally, Scotiabank initiated coverage on Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and an average target price of $27.00.

Kinder Morgan Company Profile

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.