Kinder Morgan, Inc. (NYSE:KMI – Get Rating) declared a quarterly dividend on Wednesday, April 20th, RTT News reports. Investors of record on Monday, May 2nd will be given a dividend of 0.2775 per share by the pipeline company on Monday, May 16th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 5.63%. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.27.
Kinder Morgan has a dividend payout ratio of 94.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Kinder Morgan to earn $1.07 per share next year, which means the company may not be able to cover its $1.08 annual dividend with an expected future payout ratio of 100.9%.
Shares of NYSE:KMI traded up $0.18 during midday trading on Wednesday, reaching $19.73. The company had a trading volume of 932,291 shares, compared to its average volume of 17,778,480. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.56 and a current ratio of 0.66. Kinder Morgan has a 1-year low of $15.01 and a 1-year high of $19.74. The firm has a market cap of $44.74 billion, a price-to-earnings ratio of 25.42, a price-to-earnings-growth ratio of 6.03 and a beta of 0.95. The company has a fifty day simple moving average of $18.16 and a two-hundred day simple moving average of $17.30.
Kinder Morgan (NYSE:KMI – Get Rating) last announced its quarterly earnings data on Wednesday, January 19th. The pipeline company reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. Kinder Morgan had a return on equity of 9.49% and a net margin of 10.74%. The firm had revenue of $4.43 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same period last year, the company posted $0.27 EPS. The business’s quarterly revenue was up 42.1% compared to the same quarter last year. Analysts expect that Kinder Morgan will post 1.07 EPS for the current year.
In related news, VP Dax Sanders sold 91,129 shares of the firm’s stock in a transaction that occurred on Friday, April 8th. The stock was sold at an average price of $19.51, for a total value of $1,777,926.79. Following the transaction, the vice president now directly owns 204,105 shares of the company’s stock, valued at approximately $3,982,088.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John W. Schlosser sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, March 25th. The shares were sold at an average price of $18.34, for a total value of $27,510.00. The disclosure for this sale can be found here. 12.51% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC bought a new position in Kinder Morgan in the 4th quarter worth approximately $26,000. Carroll Investors Inc bought a new position in Kinder Morgan in the 4th quarter worth approximately $34,000. Zullo Investment Group Inc. bought a new position in Kinder Morgan in the 4th quarter worth approximately $83,000. NEXT Financial Group Inc increased its position in Kinder Morgan by 36.8% in the 4th quarter. NEXT Financial Group Inc now owns 16,760 shares of the pipeline company’s stock worth $266,000 after buying an additional 4,509 shares during the period. Finally, CWA Asset Management Group LLC increased its position in Kinder Morgan by 34.5% in the 4th quarter. CWA Asset Management Group LLC now owns 19,128 shares of the pipeline company’s stock worth $303,000 after buying an additional 4,911 shares during the period. 58.01% of the stock is currently owned by institutional investors.
KMI has been the subject of a number of research reports. Zacks Investment Research upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Tuesday, January 25th. StockNews.com initiated coverage on Kinder Morgan in a research report on Thursday, March 31st. They set a “hold” rating for the company. Wolfe Research lowered Kinder Morgan from a “peer perform” rating to an “underperform” rating and raised their price objective for the stock from $17.00 to $18.00 in a research report on Monday, April 11th. Barclays raised their price objective on Kinder Morgan from $18.00 to $19.00 in a research report on Thursday, January 20th. Finally, Morgan Stanley raised their price target on Kinder Morgan from $19.00 to $20.00 and gave the stock an “underweight” rating in a research note on Wednesday. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $18.55.
About Kinder Morgan (Get Rating)
Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground 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 liquefaction and storage facilities.
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