Kinder Morgan (NYSE:KMI) VP Sells $169,503.34 in Stock

Kinder Morgan, Inc. (NYSE:KMI) VP John Schlosser sold 6,166 shares of the business’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $27.49, for a total transaction of $169,503.34. Following the completion of the sale, the vice president directly owned 201,204 shares in the company, valued at approximately $5,531,097.96. This represents a 2.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kinder Morgan Stock Up 0.7%

Kinder Morgan stock opened at $27.01 on Thursday. The company has a current ratio of 0.63, a quick ratio of 0.49 and a debt-to-equity ratio of 0.98. Kinder Morgan, Inc. has a 1-year low of $23.94 and a 1-year high of $31.48. The company has a fifty day simple moving average of $26.93 and a 200 day simple moving average of $27.27. The company has a market cap of $60.09 billion, a P/E ratio of 22.14, a price-to-earnings-growth ratio of 2.21 and a beta of 0.69.

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

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 17th. Shareholders 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 annualized dividend and a dividend yield of 4.3%. Kinder Morgan’s payout ratio is 95.90%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on KMI shares. Stifel Nicolaus raised their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Tuesday, November 11th. Jefferies Financial Group decreased their price objective on shares of Kinder Morgan from $30.00 to $29.00 and set a “hold” rating for the company in a research report on Tuesday, December 23rd. Royal Bank Of Canada upped their target price on shares of Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a report on Thursday, November 13th. UBS Group reiterated a “buy” rating and set a $38.00 price target on shares of Kinder Morgan in a report on Friday, December 12th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a research note on Wednesday, October 8th. Nine analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $31.20.

Institutional Investors Weigh In On Kinder Morgan

Several hedge funds have recently bought and sold shares of KMI. Norges Bank bought a new position in Kinder Morgan during the second quarter worth about $1,162,802,000. AQR Capital Management LLC grew its position in shares of Kinder Morgan by 431.9% during the 3rd quarter. AQR Capital Management LLC now owns 6,569,082 shares of the pipeline company’s stock worth $185,971,000 after purchasing an additional 5,333,986 shares in the last quarter. Merewether Investment Management LP bought a new position in shares of Kinder Morgan during the second quarter worth approximately $138,477,000. Zimmer Partners LP raised its position in shares of Kinder Morgan by 177.8% in the third quarter. Zimmer Partners LP now owns 6,070,100 shares of the pipeline company’s stock valued at $171,845,000 after buying an additional 3,885,000 shares in the last quarter. Finally, 59 North Capital Management LP boosted its stake in shares of Kinder Morgan by 54.5% in the second quarter. 59 North Capital Management LP now owns 10,597,380 shares of the pipeline company’s stock valued at $311,563,000 after buying an additional 3,739,398 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.

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.