Kinder Morgan Inc (NYSE:KMI) announced a quarterly dividend on Wednesday, October 17th, RTT News reports. Stockholders of record on Wednesday, October 31st will be paid a dividend of 0.20 per share by the pipeline company on Thursday, November 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.45%.
Kinder Morgan has decreased its dividend by an average of 33.5% annually over the last three years. Kinder Morgan has a dividend payout ratio of 96.4% indicating that 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 $0.98 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 81.6%.
Shares of NYSE:KMI traded up $0.04 during trading on Wednesday, reaching $17.96. The company had a trading volume of 777,065 shares, compared to its average volume of 14,293,110. The firm has a market cap of $39.11 billion, a P/E ratio of 27.28, a P/E/G ratio of 2.51 and a beta of 0.73. Kinder Morgan has a twelve month low of $14.69 and a twelve month high of $19.83. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.03.
Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, July 18th. The pipeline company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The company had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.42 billion. Kinder Morgan had a negative net margin of 1.82% and a positive return on equity of 5.07%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.14 EPS. Equities research analysts forecast that Kinder Morgan will post 0.83 EPS for the current year.
A number of analysts have recently weighed in on the stock. Wells Fargo & Co raised shares of Kinder Morgan to a “buy” rating in a research note on Friday, June 29th. ValuEngine upgraded shares of Kinder Morgan from a “strong sell” rating to a “sell” rating in a report on Thursday, June 21st. Barclays set a $21.00 target price on shares of Kinder Morgan and gave the stock a “buy” rating in a report on Friday, October 12th. US Capital Advisors reiterated a “buy” rating on shares of Kinder Morgan in a report on Tuesday, July 17th. Finally, Goldman Sachs Group started coverage on shares of Kinder Morgan in a report on Monday, October 8th. They issued a “conviction-buy” rating and a $24.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $20.81.
In other news, Director William A. Smith purchased 5,556 shares of the business’s stock in a transaction dated Thursday, July 26th. The shares were acquired at an average price of $18.09 per share, for a total transaction of $100,508.04. Following the completion of the acquisition, the director now directly owns 14,587 shares of the company’s stock, valued at $263,878.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard D. Kinder purchased 500,000 shares of the business’s stock in a transaction dated Thursday, September 27th. The shares were purchased at an average price of $17.55 per share, for a total transaction of $8,775,000.00. Following the acquisition, the insider now directly owns 235,212,353 shares of the company’s stock, valued at $4,127,976,795.15. The disclosure for this purchase can be found here. 14.16% of the stock is owned by insiders.
Kinder Morgan Company Profile
Kinder Morgan, Inc operates as an energy infrastructure company in North America. It operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, and Kinder Morgan Canada 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.
Further Reading: Buyback For Investors Defined
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