Insider Selling: Kinder Morgan (NYSE:KMI) VP Sells $196,263.78 in Stock

Kinder Morgan, Inc. (NYSE:KMI) VP John Schlosser sold 6,166 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $31.83, for a total transaction of $196,263.78. Following the transaction, the vice president directly owned 170,374 shares in the company, valued at approximately $5,423,004.42. The trade was a 3.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kinder Morgan Trading Up 0.1%

Shares of KMI stock opened at $31.71 on Monday. The company’s 50-day moving average price is $32.48 and its 200-day moving average price is $30.61. The company has a current ratio of 0.52, a quick ratio of 0.41 and a debt-to-equity ratio of 0.92. The stock has a market cap of $70.54 billion, a price-to-earnings ratio of 21.28, a PEG ratio of 2.64 and a beta of 0.54. Kinder Morgan, Inc. has a twelve month low of $25.60 and a twelve month high of $34.81.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.10. The firm had revenue of $4.83 billion for the quarter, compared to analysts’ expectations of $4.55 billion. Kinder Morgan had a net margin of 18.92% and a return on equity of 9.90%. The company’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, equities analysts predict that Kinder Morgan, Inc. will post 1.49 earnings per share for the current year.

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were given a dividend of $0.2975 per share. This represents a $1.19 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, May 4th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s dividend payout ratio is presently 79.87%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KMI. Wells Fargo & Company boosted their price target on shares of Kinder Morgan from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, March 13th. Citigroup boosted their price objective on shares of Kinder Morgan from $28.00 to $33.00 and gave the company a “neutral” rating in a report on Monday, March 30th. Mizuho boosted their price objective on shares of Kinder Morgan from $31.00 to $37.00 and gave the company an “outperform” rating in a report on Thursday, March 5th. Wolfe Research lowered shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, Truist Financial assumed coverage on shares of Kinder Morgan in a report on Tuesday, March 24th. They issued a “hold” rating and a $38.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $34.20.

Institutional Trading of Kinder Morgan

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC raised its holdings in Kinder Morgan by 10.3% in the 1st quarter. Parallel Advisors LLC now owns 32,325 shares of the pipeline company’s stock valued at $1,084,000 after buying an additional 3,030 shares during the period. Blue Edge Capital LLC acquired a new position in Kinder Morgan in the 1st quarter valued at about $465,000. Caerus Investment Advisors LLC grew its position in Kinder Morgan by 9.5% in the 1st quarter. Caerus Investment Advisors LLC now owns 9,983 shares of the pipeline company’s stock valued at $335,000 after acquiring an additional 866 shares in the last quarter. Keel Point LLC grew its position in Kinder Morgan by 62.3% in the 1st quarter. Keel Point LLC now owns 18,034 shares of the pipeline company’s stock valued at $605,000 after acquiring an additional 6,924 shares in the last quarter. Finally, Allen Capital Group LLC grew its position in Kinder Morgan by 2.4% in the 1st quarter. Allen Capital Group LLC now owns 287,137 shares of the pipeline company’s stock valued at $9,628,000 after acquiring an additional 6,629 shares in the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

About Kinder Morgan

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.