Kinder Morgan, Inc. (NYSE:KMI – Get Free Report) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totalling 37,220,000 shares, a decrease of 7.4% from the July 15th total of 40,210,000 shares. Based on an average daily trading volume, of 13,090,000 shares, the days-to-cover ratio is presently 2.8 days. Approximately 1.9% of the company’s stock are short sold.
Kinder Morgan Price Performance
Shares of NYSE:KMI opened at $17.21 on Thursday. The firm’s 50 day moving average price is $17.26 and its 200-day moving average price is $17.24. Kinder Morgan has a twelve month low of $16.00 and a twelve month high of $19.35. The company has a quick ratio of 0.38, a current ratio of 0.49 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $38.35 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 5.38 and a beta of 0.95.
Kinder Morgan (NYSE:KMI – Get Free Report) last issued its quarterly earnings data on Wednesday, July 19th. The pipeline company reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. Kinder Morgan had a net margin of 14.65% and a return on equity of 7.79%. The firm had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $4.55 billion. During the same quarter in the prior year, the business earned $0.27 EPS. The business’s quarterly revenue was down 32.0% on a year-over-year basis. Equities research analysts expect that Kinder Morgan will post 1.09 EPS for the current year.
Kinder Morgan Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, July 31st were issued a $0.2825 dividend. This represents a $1.13 annualized dividend and a yield of 6.57%. The ex-dividend date was Friday, July 28th. Kinder Morgan’s dividend payout ratio is 101.80%.
Analyst Upgrades and Downgrades
KMI has been the topic of a number of analyst reports. Stifel Nicolaus upped their price target on shares of Kinder Morgan from $21.00 to $22.00 and gave the stock a “hold” rating in a research note on Tuesday, August 1st. Barclays dropped their price target on shares of Kinder Morgan from $20.00 to $19.00 in a research note on Tuesday, July 18th. StockNews.com assumed coverage on shares of Kinder Morgan in a research note on Thursday. They set a “hold” rating on the stock. Wolfe Research upgraded shares of Kinder Morgan from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, July 12th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $20.00 target price on shares of Kinder Morgan in a research note on Thursday, July 20th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $20.10.
Insider Transactions at Kinder Morgan
In other news, VP Sital K. Mody sold 55,849 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $17.36, for a total value of $969,538.64. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, VP Sital K. Mody sold 55,849 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $17.36, for a total value of $969,538.64. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP John W. Schlosser sold 7,500 shares of the company’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $18.00, for a total transaction of $135,000.00. Following the completion of the transaction, the vice president now owns 12,219 shares in the company, valued at approximately $219,942. The disclosure for this sale can be found here. Insiders own 12.64% of the company’s stock.
Institutional Investors Weigh In On Kinder Morgan
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Freedom Wealth Alliance LLC purchased a new stake in Kinder Morgan during the 4th quarter valued at approximately $27,000. First Capital Advisors Group LLC. purchased a new stake in Kinder Morgan during the 2nd quarter valued at approximately $29,000. Creative Financial Designs Inc. ADV grew its holdings in Kinder Morgan by 57.6% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 1,732 shares of the pipeline company’s stock valued at $30,000 after buying an additional 633 shares in the last quarter. US Asset Management LLC purchased a new stake in Kinder Morgan during the 4th quarter valued at approximately $33,000. Finally, Laffer Tengler Investments grew its holdings in Kinder Morgan by 103.5% during the 4th quarter. Laffer Tengler Investments now owns 1,966 shares of the pipeline company’s stock valued at $36,000 after buying an additional 1,000 shares in the last quarter. 61.03% of the stock is owned by hedge funds and other institutional investors.
About Kinder Morgan
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 gasification, liquefaction, and storage facilities.