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

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

Kinder Morgan Trading Down 1.0 %

Shares of KMI stock opened at $26.61 on Friday. 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, Inc. has a 52-week low of $17.02 and a 52-week high of $31.48. The company has a market capitalization of $59.13 billion, a PE ratio of 22.74, a price-to-earnings-growth ratio of 3.10 and a beta of 0.94. The business’s fifty day moving average is $27.78 and its 200 day moving average is $25.26.

Kinder Morgan (NYSE:KMI) last issued 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 return on equity of 8.09% and a net margin of 17.31%. On average, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a dividend of $0.2875 per share. The ex-dividend date was Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.32%. Kinder Morgan’s payout ratio is 98.29%.

Institutional Investors Weigh In On Kinder Morgan

A number of large investors have recently added to or reduced their stakes in KMI. Retirement Wealth Solutions LLC purchased a new stake in Kinder Morgan during the fourth quarter valued at about $25,000. Centricity Wealth Management LLC purchased a new stake in Kinder Morgan during the fourth quarter valued at about $25,000. Hurley Capital LLC purchased a new stake in Kinder Morgan during the fourth quarter valued at about $25,000. Fourth Dimension Wealth LLC purchased a new stake in Kinder Morgan during the fourth quarter valued at about $26,000. Finally, Modus Advisors LLC purchased a new stake in Kinder Morgan during the fourth quarter valued at about $27,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on KMI. Citigroup increased 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. UBS Group increased their target price on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. The Goldman Sachs Group increased their target price on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Truist Financial increased their target price on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Finally, Mizuho increased their target price on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” 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 issued a strong buy rating to the stock. According to MarketBeat.com, Kinder Morgan presently has a consensus rating of “Moderate Buy” and an average target price of $29.14.

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.