Kinder Morgan Director Purchases $790,000 in Stock (KMI)
Kinder Morgan (NYSE:KMI) Director John Michael Stokes bought 20,000 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were purchased at an average price of $39.50 per share, for a total transaction of $790,000.00. Following the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $790,000. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Kinder Morgan (NYSE:KMI) traded down 0.59% on Monday, hitting $33.79. 4,661,399 shares of the company’s stock traded hands. Kinder Morgan has a 52 week low of $32.30 and a 52 week high of $41.49. The stock has a 50-day moving average of $35.2 and a 200-day moving average of $35.65. The company has a market cap of $34.973 billion and a price-to-earnings ratio of 29.66.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, January 15th. The company reported $0.33 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.35 by $0.02. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.86 billion. During the same quarter last year, the company posted $0.21 earnings per share. Kinder Morgan’s revenue was up 25.8% compared to the same quarter last year. On average, analysts predict that Kinder Morgan will post $1.37 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, February 18th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 4.85%. The ex-dividend date is Wednesday, January 29th.
KMI has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Kinder Morgan from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, January 23rd. They now have a $38.00 price target on the stock. Separately, analysts at TheStreet upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating in a research note to investors on Thursday, January 16th. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Kinder Morgan in a research note to investors on Thursday, January 16th. They now have a $41.00 price target on the stock. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $39.00.
Kinder Morgan, Inc (NYSE:KMI) owns and manages a diversified portfolio of energy transportation and storage assets.