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

Key Points

• Kinder Morgan VP Michael Garthwaite sold 1,550 shares at an average price of $30.80, totaling $47,740. The Rule 10b5-1 transaction reduced his holdings by 3.07%, leaving him with 48,863 shares.
• KMI shares recently traded at $31.81, while the company reported quarterly EPS of $0.37, exceeding the $0.31 consensus estimate, and revenue of $4.48 billion, up 10.8% year over year.
• Kinder Morgan pays a quarterly dividend of $0.2975 per share, equivalent to a 3.7% yield. Analysts maintain a consensus “Hold” rating with an average price target of $35.17.

Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) VP Michael Garthwaite sold 1,550 shares of the business's stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $30.80, for a total value of $47,740.00. Following the completion of the sale, the vice president owned 48,863 shares of the company's stock, valued at $1,504,980.40. This trade represents a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kinder Morgan Stock Performance

Shares of KMI traded up $0.50 during midday trading on Friday, reaching $31.81. 35,862,599 shares of the stock were exchanged, compared to its average volume of 12,246,596. The stock's 50 day simple moving average is $31.78 and its 200 day simple moving average is $32.27. The company has a market cap of $70.83 billion, a P/E ratio of 20.39, a PEG ratio of 2.17 and a beta of 0.56. Kinder Morgan, Inc. has a twelve month low of $25.60 and a twelve month high of $34.81. 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 (NYSE:KMI - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.31 by $0.06. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The business had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same period in the prior year, the company posted $0.28 earnings per share. Kinder Morgan's revenue was up 10.8% compared to the same quarter last year. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, sell-side analysts expect that Kinder Morgan, Inc. will post 1.55 earnings per share for the current year.

Kinder Morgan Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of KMI. Evolution Wealth Management Inc. increased its position in Kinder Morgan by 4,166.7% during the 2nd quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company's stock worth $25,000 after purchasing an additional 750 shares in the last quarter. Transamerica Financial Advisors LLC boosted its position in Kinder Morgan by 72.9% in the second quarter. Transamerica Financial Advisors LLC now owns 778 shares of the pipeline company's stock valued at $25,000 after buying an additional 328 shares in the last quarter. Frazier Financial Advisors LLC bought a new stake in shares of Kinder Morgan during the first quarter worth $28,000. Bell Investment Advisors Inc increased its holdings in shares of Kinder Morgan by 112.1% during the second quarter. Bell Investment Advisors Inc now owns 946 shares of the pipeline company's stock worth $30,000 after buying an additional 500 shares in the last quarter. Finally, Commonwealth Retirement Investments LLC acquired a new position in shares of Kinder Morgan during the fourth quarter worth $27,000. Institutional investors own 62.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Zacks Research cut Kinder Morgan from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 23rd. Morgan Stanley set a $33.00 price objective on shares of Kinder Morgan in a research report on Thursday. Stifel Nicolaus started coverage on shares of Kinder Morgan in a research note on Wednesday, September 9th. They set a "hold" rating and a $35.00 price objective on the stock. UBS Group restated a "buy" rating and issued a $43.00 target price on shares of Kinder Morgan in a research report on Monday, June 15th. Finally, Weiss Ratings downgraded shares of Kinder Morgan from a "buy (a-)" rating to a "buy (b+)" rating in a report on Tuesday, June 23rd. Eight research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $35.17.

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.

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