Kinder Morgan (NYSE:KMI) VP Sells 1,550 Shares of Stock

Kinder Morgan, Inc. (NYSE:KMI) VP Michael Garthwaite sold 1,550 shares of the business’s stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $33.65, for a total transaction of $52,157.50. Following the transaction, the vice president owned 47,313 shares in the company, valued at $1,592,082.45. This represents a 3.17% decrease in their ownership of the stock. The transaction 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 Stock Performance

NYSE:KMI traded up $0.20 on Tuesday, hitting $33.59. The company’s stock had a trading volume of 12,407,490 shares, compared to its average volume of 12,194,222. The company has a current ratio of 0.46, a quick ratio of 0.36 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $74.79 billion, a P/E ratio of 21.53, a price-to-earnings-growth ratio of 2.41 and a beta of 0.59. Kinder Morgan, Inc. has a one year low of $25.60 and a one year high of $34.81. The stock has a fifty day moving average of $31.73 and a two-hundred day moving average of $32.02.

Kinder Morgan (NYSE:KMI) last posted its quarterly 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. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%. The business had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.22 billion. During the same quarter in the prior year, the business earned $0.28 EPS. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Research analysts predict that Kinder Morgan, Inc. will post 1.55 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 3rd were paid a $0.2975 dividend. The ex-dividend date was Monday, August 3rd. This represents a $1.19 dividend on an annualized basis and a yield of 3.5%. Kinder Morgan’s dividend payout ratio is 76.28%.

Analyst Ratings Changes

KMI has been the topic of several research reports. JPMorgan Chase & Co. upped their price target on shares of Kinder Morgan from $34.00 to $36.00 and gave the company a “neutral” rating in a research note on Friday, September 4th. Melius Research assumed coverage on Kinder Morgan in a report on Tuesday, September 22nd. They issued a “buy” rating and a $38.00 target price on the stock. Royal Bank Of Canada raised their price target on shares of Kinder Morgan from $35.00 to $36.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 22nd. Zacks Research cut shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Finally, Morgan Stanley set a $33.00 price objective on shares of Kinder Morgan in a research note on Thursday, September 17th. Eleven investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $35.47.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of KMI. BlackRock Inc. boosted its stake in Kinder Morgan by 1.1% in the second quarter. BlackRock Inc. now owns 175,834,246 shares of the pipeline company’s stock valued at $5,621,421,000 after acquiring an additional 1,875,143 shares during the last quarter. State Street Corp increased its stake in shares of Kinder Morgan by 4.3% during the 2nd quarter. State Street Corp now owns 130,863,419 shares of the pipeline company’s stock worth $4,183,704,000 after purchasing an additional 5,361,578 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Kinder Morgan by 1.4% during the 1st quarter. Bank of America Corp DE now owns 62,018,394 shares of the pipeline company’s stock worth $2,079,477,000 after purchasing an additional 836,571 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Kinder Morgan by 2.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 17,237,384 shares of the pipeline company’s stock worth $577,998,000 after purchasing an additional 448,130 shares during the last quarter. Finally, Amundi raised its holdings in shares of Kinder Morgan by 5.8% in the 1st quarter. Amundi now owns 15,130,700 shares of the pipeline company’s stock worth $507,332,000 after purchasing an additional 831,125 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Company Profile

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and other transportation and storage facilities. Its systems primarily support the movement, processing, and storage of natural gas, crude oil, refined petroleum products, and other energy commodities.

The company’s natural gas business transports and stores natural gas for utilities, power generators, industrial customers, and other energy companies. Kinder Morgan also operates refined products and crude oil pipelines, liquids terminals, and carbon dioxide infrastructure.