Richard D. Kinder Buys 177,542 Shares of Kinder Morgan Inc (KMI) Stock

Kinder Morgan Inc (NYSE:KMI) insider Richard D. Kinder purchased 177,542 shares of Kinder Morgan stock in a transaction dated Friday, May 10th. The shares were purchased at an average price of $19.43 per share, for a total transaction of $3,449,641.06. Following the completion of the acquisition, the insider now owns 240,579,496 shares of the company’s stock, valued at approximately $4,674,459,607.28. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of NYSE:KMI traded down $0.18 during trading on Monday, reaching $19.52. 3,056,188 shares of the stock were exchanged, compared to its average volume of 13,026,114. The company has a quick ratio of 0.37, a current ratio of 0.45 and a debt-to-equity ratio of 0.97. Kinder Morgan Inc has a 1-year low of $14.62 and a 1-year high of $20.44. The firm has a market capitalization of $43.46 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 2.87 and a beta of 0.95.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, April 17th. The pipeline company reported $0.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.25. Kinder Morgan had a return on equity of 6.13% and a net margin of 11.59%. The company had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.63 billion. During the same period in the prior year, the firm earned $0.22 earnings per share. Kinder Morgan’s revenue for the quarter was up .3% on a year-over-year basis. Equities research analysts anticipate that Kinder Morgan Inc will post 0.98 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.12%. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, April 29th. Kinder Morgan’s dividend payout ratio is presently 112.36%.

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc grew its position in shares of Kinder Morgan by 1.1% in the 3rd quarter. Vanguard Group Inc now owns 146,125,762 shares of the pipeline company’s stock worth $2,590,809,000 after buying an additional 1,648,894 shares during the last quarter. BlackRock Inc. grew its position in Kinder Morgan by 7.4% during the fourth quarter. BlackRock Inc. now owns 136,557,027 shares of the pipeline company’s stock worth $2,100,249,000 after buying an additional 9,360,355 shares during the period. Tortoise Capital Advisors L.L.C. grew its position in Kinder Morgan by 31.7% during the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 23,778,981 shares of the pipeline company’s stock worth $365,721,000 after buying an additional 5,716,899 shares during the period. Geode Capital Management LLC grew its position in Kinder Morgan by 8.1% during the fourth quarter. Geode Capital Management LLC now owns 23,513,119 shares of the pipeline company’s stock worth $360,962,000 after buying an additional 1,758,792 shares during the period. Finally, Commonwealth Bank of Australia grew its position in Kinder Morgan by 1.7% during the fourth quarter. Commonwealth Bank of Australia now owns 21,617,578 shares of the pipeline company’s stock worth $332,464,000 after buying an additional 364,004 shares during the period. Institutional investors and hedge funds own 65.15% of the company’s stock.

KMI has been the topic of several research reports. TheStreet upgraded Kinder Morgan from a “c” rating to a “b-” rating in a report on Wednesday, January 16th. Argus reissued a “buy” rating and issued a $23.00 price target on shares of Kinder Morgan in a research note on Tuesday, January 22nd. ValuEngine raised Kinder Morgan from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Evercore ISI initiated coverage on Kinder Morgan in a research note on Tuesday, February 5th. They issued an “outperform” rating on the stock. Finally, Zacks Investment Research raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Wednesday, March 13th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $21.82.

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About Kinder Morgan

Kinder Morgan, Inc operates as an energy infrastructure company 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 and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.

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