John Schlosser Sells 6,166 Shares of Kinder Morgan (NYSE:KMI) Stock

Key Points

• John Schlosser, VP of Kinder Morgan, sold 6,166 shares at an average price of $28.17, reducing his ownership by 2.73% to a total of 219,702 shares worth over $6 million.
• Kinder Morgan's stock has a market capitalization of $62.23 billion and is currently trading at $28.01, with a 52-week range between $23.06 and $31.48.
• The company recently announced a quarterly dividend of $0.2925 per share, resulting in an annualized dividend yield of 4.2%.

Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) VP John Schlosser sold 6,166 shares of the stock in a transaction on Monday, October 6th. The stock was sold at an average price of $28.17, for a total transaction of $173,696.22. Following the sale, the vice president directly owned 219,702 shares of the company's stock, valued at $6,189,005.34. This represents a 2.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kinder Morgan Stock Up 0.3%

Shares of NYSE KMI traded up $0.08 during midday trading on Tuesday, reaching $28.01. The company's stock had a trading volume of 9,690,536 shares, compared to its average volume of 14,226,797. The stock has a market capitalization of $62.23 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 3.35 and a beta of 0.78. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. Kinder Morgan, Inc. has a fifty-two week low of $23.06 and a fifty-two week high of $31.48. The stock has a 50 day simple moving average of $27.28 and a 200-day simple moving average of $27.46.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. The business had revenue of $4.04 billion during 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 company's quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Equities research analysts predict that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were issued a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Thursday, July 31st. Kinder Morgan's dividend payout ratio (DPR) is currently 95.90%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Kinder Morgan by 1.5% in the second quarter. Vanguard Group Inc. now owns 207,219,481 shares of the pipeline company's stock valued at $6,092,253,000 after acquiring an additional 3,070,609 shares during the period. Geode Capital Management LLC lifted its holdings in Kinder Morgan by 1.2% in the second quarter. Geode Capital Management LLC now owns 51,848,863 shares of the pipeline company's stock valued at $1,518,195,000 after acquiring an additional 599,152 shares during the period. Norges Bank acquired a new position in Kinder Morgan in the second quarter valued at approximately $1,162,802,000. Orbis Allan Gray Ltd lifted its holdings in Kinder Morgan by 3.1% in the second quarter. Orbis Allan Gray Ltd now owns 22,635,179 shares of the pipeline company's stock valued at $665,474,000 after acquiring an additional 670,856 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Kinder Morgan by 2.8% during the 2nd quarter. Invesco Ltd. now owns 21,949,329 shares of the pipeline company's stock worth $645,310,000 after buying an additional 603,197 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on KMI. Cowen began coverage on Kinder Morgan in a research note on Monday, July 7th. They set a "buy" rating on the stock. Morgan Stanley boosted their price objective on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 1st. JPMorgan Chase & Co. raised their price target on Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Scotiabank lowered their target price on shares of Kinder Morgan from $28.00 to $27.00 and set a "sector perform" rating on the stock in a research note on Friday, September 19th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Kinder Morgan in a research note on Saturday, September 27th. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, Kinder Morgan has a consensus rating of "Moderate Buy" and an average target price of $31.25.

Kinder Morgan Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.