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

Key Points

• VP John Schlosser sold 6,166 shares of Kinder Morgan on January 5 at an average price of $27.49 for a total of $169,503, reducing his stake by 2.97% to 201,204 shares (valued about $5.53M).
• Kinder Morgan reported quarterly EPS of $0.29 (in line with estimates) and revenue of $4.15B, up 12.1% year-over-year, and set FY 2025 guidance at 1.270 EPS with sell-side expectations around 1.25 EPS.
• The stock traded at $27.92 (up $0.21) on heavy volume (17.78M vs. avg 9.64M), the company has a market cap of $62.1B, and pays a quarterly dividend of $0.2925 ($1.17 annual, ~4.2% yield) with a payout ratio of 95.9%.

Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) VP John Schlosser sold 6,166 shares of the firm's stock in a transaction on Monday, January 5th. The shares were sold at an average price of $27.49, for a total transaction of $169,503.34. Following the transaction, the vice president directly owned 201,204 shares of the company's stock, valued at $5,531,097.96. The trade was a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Kinder Morgan Price Performance

Shares of Kinder Morgan stock traded up $0.21 during trading on Monday, reaching $27.92. 17,778,473 shares of the stock traded hands, compared to its average volume of 9,641,862. The business has a fifty day simple moving average of $26.89 and a two-hundred day simple moving average of $27.28. Kinder Morgan, Inc. has a 52-week low of $23.94 and a 52-week high of $31.48. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.63 and a quick ratio of 0.49. The company has a market capitalization of $62.10 billion, a price-to-earnings ratio of 22.88, a P/E/G ratio of 2.28 and a beta of 0.69.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share for the quarter, hitting the consensus estimate of $0.29. The company had revenue of $4.15 billion for the quarter, compared to analysts' expectations of $3.98 billion. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The firm's revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were paid a dividend of $0.2925 per share. The ex-dividend date was Monday, November 3rd. This represents a $1.17 dividend on an annualized basis and a yield of 4.2%. Kinder Morgan's dividend payout ratio is presently 95.90%.

Hedge Funds Weigh In On Kinder Morgan

Hedge funds have recently made changes to their positions in the stock. GoalVest Advisory LLC purchased a new stake in Kinder Morgan during the fourth quarter worth about $39,000. GAMMA Investing LLC grew its stake in shares of Kinder Morgan by 2.3% during the fourth quarter. GAMMA Investing LLC now owns 41,310 shares of the pipeline company's stock worth $1,136,000 after purchasing an additional 936 shares in the last quarter. Triumph Capital Management purchased a new position in Kinder Morgan in the third quarter valued at $103,000. AIA Group Ltd raised its stake in Kinder Morgan by 16.1% in the third quarter. AIA Group Ltd now owns 41,842 shares of the pipeline company's stock valued at $1,185,000 after buying an additional 5,806 shares in the last quarter. Finally, Keel Point LLC lifted its holdings in Kinder Morgan by 9.5% during the 3rd quarter. Keel Point LLC now owns 11,189 shares of the pipeline company's stock worth $317,000 after buying an additional 968 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on KMI shares. Jefferies Financial Group reduced their target price on Kinder Morgan from $30.00 to $29.00 and set a "hold" rating for the company in a research note on Tuesday, December 23rd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Kinder Morgan in a report on Wednesday, October 8th. Stifel Nicolaus upped their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a "hold" rating in a report on Tuesday, November 11th. Mizuho lowered their target price on Kinder Morgan from $32.00 to $31.00 and set an "outperform" rating on the stock in a research note on Friday, November 14th. Finally, Royal Bank Of Canada lifted their price target on Kinder Morgan from $28.00 to $30.00 and gave the company a "sector perform" rating in a research report on Thursday, November 13th. Nine investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $31.20.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.