Kinder Morgan (NYSE:KMI) Trading Down 0.4% – Here’s Why

Shares of Kinder Morgan, Inc. (NYSE:KMI) dropped 0.4% during mid-day trading on Tuesday . The stock traded as low as $27.33 and last traded at $27.48. Approximately 2,873,452 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 16,095,227 shares. The stock had previously closed at $27.58.

Analyst Ratings Changes

A number of equities analysts have commented on KMI shares. Truist Financial raised their price objective on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Scotiabank started coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price objective for the company. The Goldman Sachs Group raised their target price on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Barclays upped their price target 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. Finally, Royal Bank of Canada lifted their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. Nine investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Kinder Morgan presently has a consensus rating of “Moderate Buy” and an average price target of $29.14.

Kinder Morgan Stock Performance

The company has a fifty day moving average price of $27.96 and a two-hundred day moving average price of $24.80. 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 company has a market capitalization of $60.97 billion, a P/E ratio of 23.47, a PEG ratio of 3.12 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. Equities analysts forecast that Kinder Morgan, Inc. will post 1.28 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business 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 presently 98.29%.

Insider Activity

In other news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total value of $492,120.00. Following the completion of the transaction, the president now directly owns 879,652 shares of the company’s stock, valued at approximately $24,049,685.68. This trade represents a 2.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders sold 55,121 shares of company stock valued at $1,497,000. Company insiders own 12.81% of the company’s stock.

Institutional Investors Weigh In On Kinder Morgan

Several large investors have recently added to or reduced their stakes in KMI. Centaurus Financial Inc. lifted its position in shares of Kinder Morgan by 67.7% during the 2nd quarter. Centaurus Financial Inc. now owns 9,151 shares of the pipeline company’s stock valued at $182,000 after acquiring an additional 3,694 shares during the period. Czech National Bank raised its holdings in shares of Kinder Morgan by 6.9% during the third quarter. Czech National Bank now owns 393,351 shares of the pipeline company’s stock valued at $8,689,000 after purchasing an additional 25,406 shares during the period. GAMMA Investing LLC boosted its position in shares of Kinder Morgan by 34.1% during the 3rd quarter. GAMMA Investing LLC now owns 27,260 shares of the pipeline company’s stock worth $602,000 after purchasing an additional 6,932 shares in the last quarter. Diversified Trust Co acquired a new stake in shares of Kinder Morgan in the 3rd quarter valued at about $467,000. Finally, SignalPoint Asset Management LLC increased its position in Kinder Morgan by 1.5% in the 3rd quarter. SignalPoint Asset Management LLC now owns 30,059 shares of the pipeline company’s stock valued at $655,000 after buying an additional 447 shares in the last quarter. 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.