Kinder Morgan (NYSE:KMI) Stock Price Up 0% – Here’s What Happened

Kinder Morgan, Inc. (NYSE:KMI) shares rose 0% on Thursday . The stock traded as high as $26.48 and last traded at $26.29. Approximately 2,970,203 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 15,733,285 shares. The stock had previously closed at $26.28.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Citigroup lifted their price objective on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Truist Financial boosted their price objective on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Royal Bank of Canada upped their price objective on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. Wells Fargo & Company increased their target price on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, Barclays increased their target price on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and an average target price of $29.14.

Kinder Morgan Price Performance

The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.35. The firm has a market cap of $59.11 billion, a PE ratio of 22.74, a price-to-earnings-growth ratio of 3.16 and a beta of 0.94. The firm has a 50-day simple moving average of $27.80 and a 200 day simple moving average of $25.10.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results 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 net margin of 17.31% and a return on equity of 8.09%. As a group, equities analysts expect that Kinder Morgan, Inc. will post 1.23 EPS for the current year.

Kinder Morgan Dividend Announcement

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

Insider Transactions at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total value of $498,600.00. Following the completion of the transaction, the president now directly owns 843,652 shares in the company, valued at $23,369,160.40. The trade was a 2.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 54,000 shares of company stock valued at $1,493,100 in the last quarter. 12.64% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in KMI. Hurley Capital LLC bought a new position in shares of Kinder Morgan during the 4th quarter valued at $25,000. Retirement Wealth Solutions LLC purchased a new stake in Kinder Morgan during the fourth quarter valued at $25,000. Centricity Wealth Management LLC bought a new position in Kinder Morgan in the fourth quarter valued at about $25,000. Modus Advisors LLC bought a new stake in shares of Kinder Morgan during the 4th quarter valued at about $27,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Kinder Morgan during the 4th quarter valued at about $29,000. 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.