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

Kinder Morgan, Inc. (NYSE:KMI) Director Amy W. Chronis bought 2,241 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were acquired at an average price of $24.89 per share, with a total value of $55,778.49. Following the transaction, the director now owns 23,995 shares of the company’s stock, valued at $597,235.55. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $26.34 on Thursday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. The company has a market cap of $58.52 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 3.05 and a beta of 0.91. Kinder Morgan, Inc. has a 1 year low of $16.17 and a 1 year high of $26.58. The firm has a 50 day moving average price of $23.07 and a 200 day moving average price of $21.08.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the company earned $0.25 earnings per share. The company’s quarterly revenue was down 5.3% on a year-over-year basis. Sell-side analysts predict that Kinder Morgan, Inc. will post 1.18 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date of this dividend is Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is presently 100.88%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Fidelis Capital Partners LLC purchased a new stake in shares of Kinder Morgan in the first quarter worth about $62,000. Mediolanum International Funds Ltd purchased a new stake in shares of Kinder Morgan during the first quarter valued at approximately $798,000. Geneos Wealth Management Inc. lifted its position in shares of Kinder Morgan by 3.3% during the first 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 in the last quarter. Disciplined Equity Management Inc. purchased a new position in shares of Kinder Morgan in the first quarter valued at $1,050,000. Finally, Kayne Anderson Capital Advisors LP grew its holdings in 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 purchasing an additional 3,135,457 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Truist Financial lifted their price objective on Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Bank of America began coverage on Kinder Morgan in a report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price target for the company. Morgan Stanley set a $26.00 price objective on Kinder Morgan in a research note on Friday, October 18th. Barclays boosted their target price on shares of Kinder Morgan from $22.00 to $24.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, Royal Bank of Canada lifted their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus target price of $25.09.

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.