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Kinder Morgan (NYSE:KMI) Director Fayez Sarofim acquired 200,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, June 4th. The stock was purchased at an average cost of $34.15 per share, for a total transaction of $6,830,000.00. Following the completion of the purchase, the director now directly owns 22,789,655 shares in the company, valued at approximately $778,266,718. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

KMI has been the subject of a number of recent research reports. Analysts at Goldman Sachs upgraded shares of Kinder Morgan from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, May 15th. They now have a $44.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Kinder Morgan in a research note on Wednesday, April 23rd. They now have a $35.00 price target on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Kinder Morgan to $40.00 in a research note on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Kinder Morgan presently has a consensus rating of “Buy” and a consensus price target of $38.29.

Kinder Morgan (NYSE:KMI) traded up 1.48% during mid-day trading on Thursday, hitting $34.555. 4,740,903 shares of the company’s stock traded hands. Kinder Morgan has a 1-year low of $30.81 and a 1-year high of $40.45. The stock has a 50-day moving average of $33. and a 200-day moving average of $33.62. The company has a market cap of $35.519 billion and a price-to-earnings ratio of 29.79. Kinder Morgan also was the target of some unusual options trading on Monday. Investors purchased 4,801 call options on the stock. This represents an increase of 156% compared to the typical volume of 1,875 call options.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, April 16th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by $0.06. The company had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $3.86 billion. The company’s revenue for the quarter was up 32.3% on a year-over-year basis. Analysts expect that Kinder Morgan will post $1.36 EPS for the current fiscal year.

Kinder Morgan, Inc (NYSE:KMI) owns and manages a diversified portfolio of energy transportation and storage assets.

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