Insider Buying: Kinder Morgan CEO Purchases 100,000 Shares of Stock (KMI)
Kinder Morgan (NYSE:KMI) CEO Richard D. Kinder purchased 100,000 shares of Kinder Morgan stock in a transaction that occurred on Thursday, February 20th. The stock was purchased at an average cost of $32.97 per share, with a total value of $3,297,000.00. Following the completion of the purchase, the chief executive officer now directly owns 231,688,110 shares of the company’s stock, valued at approximately $7,638,756,987. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Kinder Morgan (NYSE:KMI) traded up 0.51% on Friday, hitting $33.3998. The stock had a trading volume of 2,519,294 shares. 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 $34.82 and a 200-day moving average of $35.45. The company has a market cap of $34.569 billion and a price-to-earnings ratio of 29.00.
Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, January 15th. The company reported $0.33 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 25.8% on a year-over-year basis. Analysts expect that Kinder Morgan will post $1.37 EPS for the current fiscal year.
A number of analysts have recently weighed in on KMI shares. Analysts at Zacks downgraded shares of Kinder Morgan from an “outperform” rating to a “neutral” rating in a research note 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 on Thursday, January 16th. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Kinder Morgan in a research note on Thursday, January 16th. They now have a $41.00 price target on the stock. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $39.00.
Kinder Morgan, Inc (NYSE:KMI) owns and manages a diversified portfolio of energy transportation and storage assets.
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