Kinder Morgan (NYSE:KMI) Shares Down 0.9% – Here’s Why

Kinder Morgan, Inc. (NYSE:KMI)’s stock price traded down 0.9% during mid-day trading on Wednesday . The stock traded as low as $26.25 and last traded at $26.56. 3,261,970 shares were traded during trading, a decline of 79% from the average session volume of 15,760,294 shares. The stock had previously closed at $26.79.

Analyst Upgrades and Downgrades

KMI has been the subject of several research reports. Mizuho increased their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Barclays raised their price objective on Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Bank of America assumed coverage on Kinder Morgan in a research note on Thursday, October 17th. They issued a “buy” rating and a $27.00 target price for the company. Citigroup lifted their price target on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, Scotiabank began coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price objective for the company. Nine analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Kinder Morgan presently has an average rating of “Moderate Buy” and a consensus target price of $29.14.

Kinder Morgan Stock Performance

The stock has a 50-day moving average of $27.87 and a 200 day moving average of $25.04. The firm has a market capitalization of $58.51 billion, a P/E ratio of 22.50, a price-to-earnings-growth ratio of 3.16 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.49.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. On average, research analysts anticipate that Kinder Morgan, Inc. will post 1.23 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.37%. Kinder Morgan’s payout ratio is 98.29%.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the transaction, the president now directly owns 861,652 shares in the company, valued at approximately $24,048,707.32. This trade represents a 2.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 54,000 shares of company stock valued at $1,493,100 over the last quarter. Corporate insiders own 12.64% of the company’s stock.

Hedge Funds Weigh In On Kinder Morgan

Several large investors have recently made changes to their positions in the company. Retirement Wealth Solutions LLC acquired a new position in Kinder Morgan during the 4th quarter valued at about $25,000. Centricity Wealth Management LLC acquired a new position in Kinder Morgan in the fourth quarter valued at approximately $25,000. Modus Advisors LLC bought a new position in Kinder Morgan in the fourth quarter valued at approximately $27,000. Heck Capital Advisors LLC acquired a new stake in Kinder Morgan during the 4th quarter worth $29,000. Finally, SRS Capital Advisors Inc. lifted its stake in shares of Kinder Morgan by 178.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 703 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

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.