Key Points
- VP John Schlosser sold 6,166 shares at an average price of $27.81 for a total of $171,476.46, trimming his stake by 2.89% to 207,370 shares valued at about $5.77 million.
- Kinder Morgan reported Q3 EPS of $0.29 (meeting estimates) and revenue of $4.15 billion, up 12.1% year-over-year, and set FY2025 guidance at 1.27 EPS versus analysts' average forecast of 1.25.
- The company pays a quarterly dividend of $0.2925 ($1.17 annualized) implying a 4.3% yield with a high payout ratio of 95.9%, which may concern income-focused investors.
Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) VP John Schlosser sold 6,166 shares of the stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $27.81, for a total transaction of $171,476.46. Following the sale, the vice president directly owned 207,370 shares in the company, valued at $5,766,959.70. This 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 Price Performance
Shares of KMI opened at $27.26 on Tuesday. Kinder Morgan, Inc. has a fifty-two week low of $23.94 and a fifty-two week high of $31.48. The firm's 50 day moving average price is $27.06 and its 200 day moving average price is $27.39. The company has a market cap 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 (NYSE:KMI - Get Free Report) last issued its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 EPS for the quarter, meeting the consensus estimate of $0.29. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The company had revenue of $4.15 billion during the quarter, compared to analysts' expectations of $3.98 billion. During the same quarter last year, the company posted $0.25 EPS. The firm'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. On average, research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal 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 issued a dividend of $0.2925 per share. The ex-dividend date was Monday, November 3rd. This represents a $1.17 annualized dividend and a yield of 4.3%. Kinder Morgan's dividend payout ratio is 95.90%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the company. Royal Bank Of Canada increased 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. Morgan Stanley set a $30.00 target price on shares of Kinder Morgan in a report on Thursday, October 9th. BMO Capital Markets began coverage on shares of Kinder Morgan in a research report on Friday, September 19th. They issued an "outperform" rating and a $32.00 price objective on the stock. Stifel Nicolaus raised 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. Finally, Scotiabank lowered their target price on shares of Kinder Morgan from $28.00 to $27.00 and set a "sector perform" rating for the company in a research note on Friday, September 19th. Nine research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $31.33.
View Our Latest Research Report on Kinder Morgan
Institutional Investors Weigh In On Kinder Morgan
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of Kinder Morgan during the second quarter worth about $1,162,802,000. Nuveen LLC purchased a new position in Kinder Morgan during the 1st quarter worth approximately $205,966,000. 59 North Capital Management LP acquired a new position in Kinder Morgan during the first quarter worth approximately $195,658,000. AQR Capital Management LLC lifted its stake in Kinder Morgan by 431.9% in the third quarter. AQR Capital Management LLC now owns 6,569,082 shares of the pipeline company's stock valued at $185,971,000 after buying an additional 5,333,986 shares during the last quarter. Finally, Merewether Investment Management LP acquired a new stake in shares of Kinder Morgan in the second quarter valued at approximately $138,477,000. 62.52% of the stock is owned by hedge funds and other institutional investors.
About Kinder Morgan
(
Get Free Report)
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.
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