Kinder Morgan, Inc. Declares Quarterly Dividend of $0.29 (NYSE:KMI)

Kinder Morgan, Inc. (NYSE:KMI) announced a quarterly dividend on Wednesday, January 22nd,RTT News reports. Stockholders of record on Monday, February 3rd will be given a dividend of 0.2875 per share by the pipeline company on Tuesday, February 18th. This represents a $1.15 annualized dividend and a dividend yield of 3.74%.

Kinder Morgan has raised its dividend payment by an average of 2.2% annually over the last three years. Kinder Morgan has a dividend payout ratio of 85.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Kinder Morgan to earn $1.29 per share next year, which means the company should continue to be able to cover its $1.15 annual dividend with an expected future payout ratio of 89.1%.

Kinder Morgan Price Performance

Shares of KMI stock traded down $0.43 during trading hours on Wednesday, hitting $30.79. 20,191,036 shares of the company’s stock were exchanged, compared to its average volume of 14,591,789. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $68.40 billion, a PE ratio of 27.01, a PEG ratio of 3.97 and a beta of 0.94. The business’s 50 day simple moving average is $27.82 and its 200-day simple moving average is $24.28. Kinder Morgan has a 12-month low of $16.47 and a 12-month high of $31.48.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. On average, equities research analysts anticipate that Kinder Morgan will post 1.17 earnings per share for the current year.

Analyst Ratings Changes

KMI has been the subject of a number of research analyst reports. Barclays lifted their target price on Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Wells Fargo & Company upped their target price on shares of Kinder Morgan from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Royal Bank of Canada upped their price target on Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 22nd. Bank of America assumed coverage on Kinder Morgan in a research note on Thursday, October 17th. They set a “buy” rating and a $27.00 price target for the company. Finally, Truist Financial increased their price target on shares of Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, October 17th. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $27.00.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total transaction of $492,120.00. Following the sale, the president now owns 879,652 shares in the company, valued at $24,049,685.68. This trade represents a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Amy W. Chronis purchased 2,241 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was acquired at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the purchase, the director now owns 23,995 shares in the company, valued at $597,235.55. The trade was a 10.30 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 55,121 shares of company stock valued at $1,497,000. 12.81% of the stock is currently owned by corporate insiders.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company primarily 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 gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.