Insider Selling: Kinder Morgan (NYSE:KMI) VP Sells 6,166 Shares of Stock

Key Points

• Kinder Morgan VP John Schlosser sold 6,166 shares of stock at an average price of $27.00, totaling $166,482.00, reducing his ownership by 2.66% to 225,868 shares.
• The company reported a 13.2% increase in revenue year-over-year for the latest quarter, earning $0.28 EPS, matching analyst expectations.
• Kinder Morgan declared a quarterly dividend of $0.2925 per share, resulting in an annualized yield of 4.4% with a payout ratio of 95.90%.

Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) VP John Schlosser sold 6,166 shares of the business's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $27.00, for a total transaction of $166,482.00. Following the completion of the transaction, the vice president directly owned 225,868 shares of the company's stock, valued at approximately $6,098,436. This represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock traded down $0.10 during midday trading on Monday, reaching $26.50. The company had a trading volume of 14,619,015 shares, compared to its average volume of 12,255,451. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. The stock has a fifty day simple moving average of $27.37 and a 200 day simple moving average of $27.34. Kinder Morgan, Inc. has a 1-year low of $20.56 and a 1-year high of $31.48. The company has a market capitalization of $58.87 billion, a price-to-earnings ratio of 22.34, a price-to-earnings-growth ratio of 3.12 and a beta of 0.81.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. The firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The business's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.26 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were issued a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan's payout ratio is currently 95.90%.

Wall Street Analyst Weigh In

KMI has been the topic of several analyst reports. Wells Fargo & Company increased their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Wolfe Research upgraded shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 target price on the stock in a report on Friday, July 25th. Cowen started coverage on Kinder Morgan in a research report on Monday, July 7th. They set a "buy" rating for the company. JPMorgan Chase & Co. raised their target price on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Finally, Morgan Stanley set a $34.00 price target on Kinder Morgan in a research note on Monday, July 7th. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $31.20.

Hedge Funds Weigh In On Kinder Morgan

Several hedge funds have recently bought and sold shares of the company. Sierra Ocean LLC boosted its position in shares of Kinder Morgan by 927.1% during the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock worth $25,000 after acquiring an additional 788 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new position in shares of Kinder Morgan in the 2nd quarter valued at $26,000. Fourth Dimension Wealth LLC acquired a new position in shares of Kinder Morgan during the 4th quarter worth $26,000. Morse Asset Management Inc acquired a new position in shares of Kinder Morgan during the 4th quarter worth $27,000. Finally, JNBA Financial Advisors lifted its position in shares of Kinder Morgan by 669.2% during the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock worth $29,000 after buying an additional 870 shares during the last quarter. 62.52% of the stock is owned by institutional investors.

About Kinder Morgan

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.

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