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

Key Points

• Kinder Morgan VP Michael Garthwaite sold 1,550 shares at an average price of $33.65, generating $52,157.50. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his ownership by 3.17% to 47,313 shares.
• Kinder Morgan recently exceeded quarterly expectations, reporting $0.37 in EPS versus the $0.31 consensus and $4.48 billion in revenue. The company also pays a quarterly dividend of $0.2975 per share, equivalent to a 3.5% annual yield.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $35.47, while institutional investors own 62.52% of the stock. Shares were trading near $33.59, close to their 52-week high of $34.81.

Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) VP Michael Garthwaite sold 1,550 shares of the business's stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $33.65, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kinder Morgan Stock Performance

Kinder Morgan stock traded up $0.20 during trading hours on Tuesday, hitting $33.59. The stock had a trading volume of 12,407,490 shares, compared to its average volume of 12,194,222. The company has a 50-day moving average of $31.73 and a two-hundred day moving average of $32.02. The company has a quick ratio of 0.36, a current ratio of 0.46 and a debt-to-equity ratio of 0.91. Kinder Morgan, Inc. has a fifty-two week low of $25.60 and a fifty-two week high of $34.81. The company has a market cap of $74.79 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 2.41 and a beta of 0.59.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.06. The company had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.22 billion. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%. Kinder Morgan'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 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, equities research analysts anticipate that Kinder Morgan, Inc. will post 1.55 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were paid 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 yield of 3.5%. Kinder Morgan's payout ratio is currently 76.28%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Citigroup reissued a "neutral" rating and issued a $34.00 price target (up from $33.00) on shares of Kinder Morgan in a report on Wednesday, July 29th. Stifel Nicolaus initiated coverage on shares of Kinder Morgan in a report on Wednesday, September 9th. They set a "hold" rating and a $35.00 price objective for the company. Jefferies Financial Group decreased their target price on shares of Kinder Morgan from $35.00 to $33.00 and set a "hold" rating on the stock in a research report on Thursday, September 17th. Zacks Research cut shares of Kinder Morgan from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 23rd. Finally, Morgan Stanley set a $33.00 target price on shares of Kinder Morgan in a research note on Thursday, September 17th. Eleven analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $35.47.

Hedge Funds Weigh In On Kinder Morgan

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. grew its position 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 purchasing an additional 1,875,143 shares in the last quarter. State Street Corp increased its stake in Kinder Morgan by 4.3% in the 2nd quarter. State Street Corp now owns 130,863,419 shares of the pipeline company's stock valued at $4,183,704,000 after buying an additional 5,361,578 shares during the last quarter. Bank of America Corp DE increased its stake in Kinder Morgan by 1.4% in the 1st quarter. Bank of America Corp DE now owns 62,018,394 shares of the pipeline company's stock valued at $2,079,477,000 after buying an additional 836,571 shares during the last quarter. Dimensional Fund Advisors LP boosted 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 buying an additional 448,130 shares during the last quarter. Finally, Amundi grew 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 valued at $507,332,000 after acquiring an additional 831,125 shares in the last quarter. Institutional investors own 62.52% of the company's stock.

About Kinder Morgan

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.

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