Kinder Morgan (NYSE:KMI) Shares Down 0.1% – Time to Sell?

Shares of Kinder Morgan, Inc. (NYSE:KMI) were down 0.1% during trading on Tuesday . The company traded as low as $26.95 and last traded at $27.43. Approximately 7,864,256 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 15,774,079 shares. The stock had previously closed at $27.46.

Wall Street Analyst Weigh In

Several analysts recently issued reports on KMI shares. Truist Financial boosted their target price on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Morgan Stanley boosted their target price on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Mizuho boosted their target price on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group boosted their target price on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, UBS Group boosted their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Monday. Eight investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and an average target price of $29.23.

Kinder Morgan Trading Up 0.1 %

The stock’s fifty day moving average price is $28.02 and its 200 day moving average price is $24.55. 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 stock has a market capitalization of $61.04 billion, a P/E ratio of 23.48, a PEG ratio of 4.13 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.10% and a net margin of 17.31%. Research analysts forecast that Kinder Morgan, Inc. will post 1.27 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend is Monday, February 3rd. Kinder Morgan’s payout ratio is 98.29%.

Insiders Place Their Bets

In other Kinder Morgan news, Director Amy W. Chronis bought 2,241 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were bought at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the acquisition, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Thomas A. Martin sold 19,121 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total transaction of $502,499.88. Following the transaction, the president now owns 897,652 shares in the company, valued at approximately $23,590,294.56. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,121 shares of company stock worth $1,497,000 in the last three months. Corporate insiders own 12.64% of the company’s stock.

Hedge Funds Weigh In On Kinder Morgan

Several hedge funds and other institutional investors have recently modified their holdings of KMI. Barclays PLC raised its position in shares of Kinder Morgan by 39.9% in the 3rd quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock valued at $180,833,000 after purchasing an additional 2,334,273 shares during the last quarter. National Bank of Canada FI raised its position in shares of Kinder Morgan by 295.5% in the 3rd quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company’s stock valued at $64,879,000 after purchasing an additional 2,194,489 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Kinder Morgan by 1,849.7% in the 3rd quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company’s stock valued at $47,817,000 after purchasing an additional 2,053,612 shares during the last quarter. Jennison Associates LLC raised its position in shares of Kinder Morgan by 847.4% in the 4th quarter. Jennison Associates LLC now owns 1,475,187 shares of the pipeline company’s stock valued at $40,420,000 after purchasing an additional 1,319,474 shares during the last quarter. Finally, Retirement Systems of Alabama raised its position in shares of Kinder Morgan by 295.2% in the 3rd quarter. Retirement Systems of Alabama now owns 1,683,356 shares of the pipeline company’s stock valued at $37,185,000 after purchasing an additional 1,257,428 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

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.