Kinder Morgan Inc (NYSE:KMI) insider Richard D. Kinder purchased 400,000 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were acquired at an average price of $19.53 per share, for a total transaction of $7,812,000.00. Following the completion of the purchase, the insider now directly owns 240,201,954 shares in the company, valued at approximately $4,691,144,161.62. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
NYSE KMI traded up $0.23 on Friday, hitting $19.59. The stock had a trading volume of 145,766 shares, compared to its average volume of 15,348,394. Kinder Morgan Inc has a 52-week low of $14.62 and a 52-week high of $20.44. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.45 and a quick ratio of 0.37. The stock has a market capitalization of $42.71 billion, a PE ratio of 22.08, a P/E/G ratio of 2.89 and a beta of 0.95.
Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, April 17th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. Kinder Morgan had a net margin of 11.59% and a return on equity of 6.13%. The business had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.63 billion. During the same period in the prior year, the company posted $0.22 EPS. The business’s revenue for the quarter was up .3% compared to the same quarter last year. On average, research analysts anticipate that Kinder Morgan Inc will post 0.98 EPS for the current year.
A number of analysts recently commented on the stock. Zacks Investment Research cut shares of Kinder Morgan from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Jefferies Financial Group cut shares of Kinder Morgan from a “buy” rating to a “hold” rating and upped their price target for the company from $19.00 to $20.00 in a research note on Monday, April 1st. JPMorgan Chase & Co. cut shares of Kinder Morgan from an “overweight” rating to a “neutral” rating and upped their price target for the company from $21.00 to $22.00 in a research note on Friday, March 22nd. ValuEngine upgraded shares of Kinder Morgan from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Finally, Goldman Sachs Group cut shares of Kinder Morgan from a “conviction-buy” rating to a “buy” rating and set a $23.00 target price on the stock. in a research note on Thursday, March 28th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $21.82.
Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc raised its position in shares of Kinder Morgan by 1.1% during the 3rd quarter. Vanguard Group Inc now owns 146,125,762 shares of the pipeline company’s stock valued at $2,590,809,000 after buying an additional 1,648,894 shares in the last quarter. BlackRock Inc. raised its position in shares of Kinder Morgan by 7.4% during the 4th quarter. BlackRock Inc. now owns 136,557,027 shares of the pipeline company’s stock valued at $2,100,249,000 after buying an additional 9,360,355 shares in the last quarter. Tortoise Capital Advisors L.L.C. raised its position in shares of Kinder Morgan by 31.7% during the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 23,778,981 shares of the pipeline company’s stock valued at $365,721,000 after buying an additional 5,716,899 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Kinder Morgan by 8.1% during the 4th quarter. Geode Capital Management LLC now owns 23,513,119 shares of the pipeline company’s stock valued at $360,962,000 after buying an additional 1,758,792 shares in the last quarter. Finally, Commonwealth Bank of Australia raised its position in shares of Kinder Morgan by 1.7% during the 4th quarter. Commonwealth Bank of Australia now owns 21,617,578 shares of the pipeline company’s stock valued at $332,464,000 after buying an additional 364,004 shares in the last quarter. Hedge funds and other institutional investors own 65.05% of the company’s stock.
Kinder Morgan Company Profile
Kinder Morgan, Inc operates as an energy infrastructure company 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 and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.
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