Insider Selling: Kinder Morgan (NYSE:KMI) VP Sells $196,695.40 in Stock

by · The Markets Daily

Kinder Morgan, Inc. (NYSE:KMI – Get Free Report) VP John Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction on Monday, July 6th. The shares were sold at an average price of $31.90, for a total transaction of $196,695.40. Following the sale, the vice president directly owned 164,208 shares of the company’s stock, valued at $5,238,235.20. This trade represents a 3.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kinder Morgan Stock Down 1.2%

Shares of Kinder Morgan stock traded down $0.37 during trading on Monday, hitting $31.69. 7,018,190 shares of the stock traded hands, compared to its average volume of 12,778,771. The stock has a market cap of $70.50 billion, a P/E ratio of 21.27, a PEG ratio of 2.67 and a beta of 0.54. The company has a fifty day moving average price of $32.18 and a two-hundred day moving average price of $31.31. Kinder Morgan, Inc. has a twelve month low of $25.60 and a twelve month high of $34.81. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.41 and a current ratio of 0.52.

Kinder Morgan (NYSE:KMI – Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.10. The business had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.55 billion. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.The firm’s revenue was up 13.8% compared to the same quarter last year. During the same period last year, the business earned $0.34 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Equities research analysts predict that Kinder Morgan, Inc. will post 1.49 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, May 4th were given a dividend of $0.2975 per share. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date was Monday, May 4th. This represents a $1.19 annualized dividend and a dividend yield of 3.8%. Kinder Morgan’s dividend payout ratio is 79.87%.

Analyst Ratings Changes

Several analysts have recently commented on the company. Stifel Nicolaus increased their target price on Kinder Morgan from $30.00 to $33.00 and gave the stock a “hold” rating in a report on Friday, March 13th. Scotiabank increased their price objective on shares of Kinder Morgan from $31.00 to $32.00 and gave the stock a “sector perform” rating in a report on Thursday, March 26th. Citigroup raised their price objective on shares of Kinder Morgan from $28.00 to $33.00 and gave the company a “neutral” rating in a research report on Monday, March 30th. Jefferies Financial Group dropped their target price on shares of Kinder Morgan from $36.00 to $34.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, June 10th. Eight analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, Kinder Morgan currently has an average rating of “Hold” and a consensus price target of $34.71.

Check Out Our Latest Stock Analysis on KMI

Institutional Trading of Kinder Morgan

Several institutional investors have recently modified their holdings of KMI. Board of the Pension Protection Fund bought a new position in Kinder Morgan during the fourth quarter worth $27,000. Commonwealth Retirement Investments LLC bought a new stake in Kinder Morgan in the fourth quarter worth approximately $27,000. Frazier Financial Advisors LLC acquired a new position in Kinder Morgan in the first quarter valued at approximately $28,000. Acumen Wealth Advisors LLC bought a new position in shares of Kinder Morgan during the 4th quarter worth approximately $28,000. Finally, Dorato Capital Management acquired a new stake in shares of Kinder Morgan during the 4th quarter worth approximately $30,000. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Company Profile

(Get Free Report)

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.

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