Michael Garthwaite Sells 1,550 Shares of Kinder Morgan (NYSE:KMI) Stock

Kinder Morgan, Inc. (NYSE:KMI) VP Michael Garthwaite sold 1,550 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $31.44, for a total transaction of $48,732.00. Following the completion of the transaction, the vice president owned 41,743 shares of the company’s stock, valued at approximately $1,312,399.92. This trade represents a 3.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kinder Morgan Stock Up 0.8%

Shares of NYSE KMI opened at $31.58 on Friday. The stock has a market cap of $70.27 billion, a P/E ratio of 21.20, a PEG ratio of 2.61 and a beta of 0.54. The company has a current ratio of 0.52, a quick ratio of 0.41 and a debt-to-equity ratio of 0.92. Kinder Morgan, Inc. has a 12-month low of $25.60 and a 12-month high of $34.81. The business’s fifty day simple moving average is $32.14 and its 200-day simple moving average is $30.91.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.38 by $0.10. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.The firm had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.55 billion. During the same period in the previous year, the firm posted $0.34 EPS. Kinder Morgan’s revenue for the quarter was up 13.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, equities analysts predict that Kinder Morgan, Inc. will post 1.49 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders 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. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, May 4th. Kinder Morgan’s dividend payout ratio is presently 79.87%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on KMI shares. Weiss Ratings raised shares of Kinder Morgan from a “buy (b)” rating to a “buy (a-)” rating in a report on Monday, May 4th. Scotiabank boosted their price target 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. UBS Group reissued a “buy” rating and issued a $43.00 price objective on shares of Kinder Morgan in a research report on Monday. Morgan Stanley raised their price objective on shares of Kinder Morgan from $34.00 to $36.00 and gave the company an “equal weight” rating in a report on Tuesday, March 3rd. Finally, Zacks Research raised shares of Kinder Morgan from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Kinder Morgan presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.53.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its stake in shares of Kinder Morgan by 3.9% in the 3rd quarter. HighTower Advisors LLC now owns 1,231,845 shares of the pipeline company’s stock valued at $34,874,000 after acquiring an additional 46,396 shares during the period. Kayne Anderson Capital Advisors LP boosted its position in Kinder Morgan by 15.6% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 12,452,111 shares of the pipeline company’s stock worth $352,519,000 after purchasing an additional 1,682,241 shares during the period. Huntington National Bank increased its holdings in Kinder Morgan by 14.4% in the 3rd quarter. Huntington National Bank now owns 252,210 shares of the pipeline company’s stock valued at $7,140,000 after purchasing an additional 31,662 shares in the last quarter. Vanguard Group Inc. increased its holdings in Kinder Morgan by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 208,116,318 shares of the pipeline company’s stock valued at $5,891,773,000 after purchasing an additional 896,837 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Kinder Morgan by 1.3% in the third quarter. Dimensional Fund Advisors LP now owns 16,551,759 shares of the pipeline company’s stock valued at $468,588,000 after purchasing an additional 205,820 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Company Profile

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.