Amy W. Chronis Purchases 2,241 Shares of Kinder Morgan, Inc. (NYSE:KMI) Stock

Kinder Morgan, Inc. (NYSE:KMI) Director Amy W. Chronis purchased 2,241 shares of the stock in a transaction on Tuesday, November 5th. The shares were acquired at an average cost of $24.89 per share, with a total value of $55,778.49. Following the transaction, the director now directly owns 23,995 shares in the company, valued at $597,235.55. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $26.41 on Friday. Kinder Morgan, Inc. has a 1 year low of $16.17 and a 1 year high of $26.58. The firm’s 50-day moving average is $23.07 and its 200 day moving average is $21.08. The stock has a market cap of $58.67 billion, a price-to-earnings ratio of 23.17, a PEG ratio of 3.05 and a beta of 0.91. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the prior year, the company posted $0.25 EPS. The company’s quarterly revenue was down 5.3% on a year-over-year basis. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.18 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend is Thursday, October 31st. Kinder Morgan’s dividend payout ratio is currently 100.88%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on KMI. Truist Financial upped their target price on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, October 17th. Scotiabank raised their target price on shares of Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 17th. 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 report on Friday, July 19th. Wells Fargo & Company raised their price objective on shares of Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Finally, UBS Group upped their target price on Kinder Morgan from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus price target of $25.09.

Institutional Investors Weigh In On Kinder Morgan

Several institutional investors have recently modified their holdings of the business. Fidelis Capital Partners LLC purchased a new stake in shares of Kinder Morgan during the 1st quarter valued at about $62,000. Mediolanum International Funds Ltd purchased a new stake in Kinder Morgan in the first quarter worth approximately $798,000. Geneos Wealth Management Inc. grew its position in Kinder Morgan by 3.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 184,978 shares of the pipeline company’s stock worth $3,392,000 after purchasing an additional 5,966 shares during the period. Disciplined Equity Management Inc. bought a new position in shares of Kinder Morgan during the 1st quarter valued at $1,050,000. Finally, Kayne Anderson Capital Advisors LP lifted its holdings in shares of Kinder Morgan by 45.9% during 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 buying an additional 3,135,457 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

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.