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

Kinder Morgan, Inc. (NYSE:KMI) VP John Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $27.81, for a total transaction of $171,476.46. Following the completion of the transaction, the vice president owned 207,370 shares of the company’s stock, valued at $5,766,959.70. This trade represents a 2.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Kinder Morgan Stock Down 1.9%

KMI stock traded down $0.52 during midday trading on Monday, hitting $27.26. The company’s stock had a trading volume of 12,491,833 shares, compared to its average volume of 14,309,850. The firm has a 50-day simple moving average of $27.09 and a 200-day simple moving average of $27.39. The firm has a market capitalization of $60.64 billion, a P/E ratio of 22.34, a PEG ratio of 2.44 and a beta of 0.67. The company has a quick ratio of 0.49, a current ratio of 0.63 and a debt-to-equity ratio of 0.98. Kinder Morgan, Inc. has a 52-week low of $23.94 and a 52-week high of $31.48.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $3.98 billion. During the same period last year, the business posted $0.25 earnings per share. Kinder Morgan’s revenue was up 12.1% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, equities analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were given a dividend of $0.2925 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.3%. Kinder Morgan’s payout ratio is currently 95.90%.

Analyst Upgrades and Downgrades

KMI has been the topic of several analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a report on Wednesday, October 8th. Jefferies Financial Group began coverage on shares of Kinder Morgan in a report on Thursday, October 9th. They issued a “hold” rating and a $30.00 price objective on the stock. Morgan Stanley set a $30.00 target price on shares of Kinder Morgan in a research note on Thursday, October 9th. Stifel Nicolaus raised their price target on Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Tuesday, November 11th. Finally, Scotiabank lowered their price objective on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a research report on Friday, September 19th. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, Kinder Morgan presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.33.

Institutional Investors Weigh In On Kinder Morgan

Large investors have recently modified their holdings of the company. Allworth Financial LP increased its position in Kinder Morgan by 12.5% in the 3rd quarter. Allworth Financial LP now owns 128,767 shares of the pipeline company’s stock valued at $3,645,000 after acquiring an additional 14,356 shares during the period. Groupama Asset Managment boosted its stake in shares of Kinder Morgan by 112.8% during the 3rd quarter. Groupama Asset Managment now owns 94,715 shares of the pipeline company’s stock worth $2,681,000 after acquiring an additional 50,199 shares in the last quarter. Strategic Advocates LLC purchased a new position in shares of Kinder Morgan in the third quarter valued at $32,000. Trust Investment Advisors increased its stake in shares of Kinder Morgan by 2.0% during the 3rd quarter. Trust Investment Advisors now owns 38,916 shares of the pipeline company’s stock worth $1,102,000 after purchasing an additional 746 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of Kinder Morgan by 16.0% during the third quarter. CIBC Private Wealth Group LLC now owns 2,018,014 shares of the pipeline company’s stock valued at $57,130,000 after acquiring an additional 278,634 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

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.