Kinder Morgan (NYSE:KMI) VP Michael Garthwaite Sells 1,550 Shares

Kinder Morgan, Inc. (NYSE:KMI) VP Michael Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $30.80, for a total transaction of $47,740.00. Following the completion of the transaction, the vice president owned 48,863 shares in the company, valued at approximately $1,504,980.40. This trade represents a 3.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kinder Morgan Trading Up 1.6%

KMI stock opened at $31.81 on Friday. The company has a market cap of $70.83 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 2.21 and a beta of 0.56. The company has a quick ratio of 0.36, a current ratio of 0.46 and a debt-to-equity ratio of 0.91. The business has a fifty day simple moving average of $31.77 and a 200-day simple moving average of $32.27. Kinder Morgan, Inc. has a 52 week low of $25.60 and a 52 week high of $34.81.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. The firm had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.22 billion. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.28 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, equities research analysts expect that Kinder Morgan, Inc. will post 1.55 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were issued a dividend of $0.2975 per share. The ex-dividend date was Monday, August 3rd. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.7%. Kinder Morgan’s payout ratio is presently 76.28%.

Analyst Upgrades and Downgrades

Several research firms recently commented on KMI. UBS Group restated a “buy” rating and issued a $43.00 price target on shares of Kinder Morgan in a report on Monday, June 15th. Jefferies Financial Group dropped their price objective on shares of Kinder Morgan from $35.00 to $33.00 and set a “hold” rating for the company in a research report on Thursday. Weiss Ratings downgraded shares of Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, June 23rd. Stifel Nicolaus assumed coverage on shares of Kinder Morgan in a report on Wednesday, September 9th. They set a “hold” rating and a $35.00 target price on the stock. Finally, Zacks Research cut shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Seven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $35.45.

Hedge Funds Weigh In On Kinder Morgan

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Core Capital Management & Research inc. acquired a new position in shares of Kinder Morgan in the second quarter worth about $856,000. Sequoia Financial Advisors LLC increased its holdings in Kinder Morgan by 4.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 330,455 shares of the pipeline company’s stock worth $10,565,000 after purchasing an additional 13,130 shares during the last quarter. Tidal Investments LLC increased its holdings in Kinder Morgan by 17.8% during the 2nd quarter. Tidal Investments LLC now owns 635,254 shares of the pipeline company’s stock worth $20,309,000 after purchasing an additional 96,102 shares during the last quarter. Van Hulzen Asset Management LLC raised its position in shares of Kinder Morgan by 10.1% in the 2nd quarter. Van Hulzen Asset Management LLC now owns 277,516 shares of the pipeline company’s stock valued at $8,872,000 after purchasing an additional 25,525 shares in the last quarter. Finally, National Pension Service boosted its stake in shares of Kinder Morgan by 2.1% during the 2nd quarter. National Pension Service now owns 3,047,059 shares of the pipeline company’s stock valued at $97,414,000 after buying an additional 61,443 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

About Kinder Morgan

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and storage facilities across North America. Its assets transport and store natural gas, crude oil, refined petroleum products, renewable fuels, and carbon dioxide.

The company’s natural gas business supports gathering, processing, transportation, and storage, while its products pipeline network serves refineries, airports, utilities, and other industrial customers. Kinder Morgan also operates bulk and liquids terminals that handle energy products and other commodities, along with carbon dioxide infrastructure used in enhanced oil recovery and related applications.

Founded in 1997, Kinder Morgan has expanded through acquisitions and the development of energy infrastructure in the United States and Canada.