Key Points
- VP John Schlosser sold 6,166 shares on January 5 at an average price of $27.49 for total proceeds of $169,503, trimming his stake by 2.97% to 201,204 shares (valued ~ $5.53M).
- Dividend yield and payout: Kinder Morgan pays $0.2925 quarterly ($1.17 annualized) for a ~4.2% yield and a high payout ratio of about 95.9%.
- Recent results and outlook: The company (market cap ~$62.1B) reported $0.29 EPS and $4.15B revenue (up 12.1%), set FY2025 guidance at $1.27 EPS, and carries a MarketBeat consensus of "Moderate Buy" with a $31.20 target.
Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) VP John Schlosser sold 6,166 shares of the business's stock in a transaction on Monday, January 5th. The shares were sold at an average price of $27.49, for a total value of $169,503.34. Following the completion of the transaction, the vice president owned 201,204 shares of the company's stock, valued at $5,531,097.96. This trade represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Kinder Morgan Price Performance
Shares of NYSE:KMI opened at $27.92 on Tuesday. The company has a market cap of $62.10 billion, a P/E ratio of 22.88, a P/E/G ratio of 2.28 and a beta of 0.69. The business has a fifty day simple moving average of $26.89 and a 200-day simple moving average of $27.28. Kinder Morgan, Inc. has a 52 week low of $23.94 and a 52 week high of $31.48. 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 released its earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share for the quarter, hitting the consensus estimate of $0.29. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $3.98 billion. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The firm's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.25 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 EPS for the current year.
Kinder Morgan Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 3rd were issued a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Monday, November 3rd. Kinder Morgan's payout ratio is presently 95.90%.
Institutional Investors Weigh In On Kinder Morgan
Several institutional investors and hedge funds have recently modified their holdings of KMI. Vise Technologies Inc. bought a new position in shares of Kinder Morgan in the 2nd quarter valued at approximately $1,713,000. Nordea Investment Management AB grew its holdings in Kinder Morgan by 9.9% during the second quarter. Nordea Investment Management AB now owns 145,988 shares of the pipeline company's stock valued at $4,270,000 after purchasing an additional 13,150 shares during the last quarter. Rhumbline Advisers raised its position in shares of Kinder Morgan by 0.4% in the second quarter. Rhumbline Advisers now owns 3,928,534 shares of the pipeline company's stock valued at $115,499,000 after purchasing an additional 14,327 shares during the period. NFC Investments LLC lifted its stake in shares of Kinder Morgan by 4.9% in the second quarter. NFC Investments LLC now owns 226,644 shares of the pipeline company's stock worth $6,663,000 after buying an additional 10,519 shares during the last quarter. Finally, Prudential Financial Inc. boosted its holdings in shares of Kinder Morgan by 6.7% during the 2nd quarter. Prudential Financial Inc. now owns 1,169,231 shares of the pipeline company's stock worth $34,375,000 after buying an additional 73,224 shares during the period. Hedge funds and other institutional investors own 62.52% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the stock. Weiss Ratings reiterated a "buy (b)" rating on shares of Kinder Morgan in a report on Wednesday, October 8th. BMO Capital Markets assumed coverage on Kinder Morgan in a research report on Friday, September 19th. They issued an "outperform" rating and a $32.00 target price on the stock. Scotiabank lowered their price target 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. Morgan Stanley set a $29.00 price objective on Kinder Morgan in a report on Tuesday, December 23rd. Finally, Royal Bank Of Canada boosted their target price on Kinder Morgan from $28.00 to $30.00 and gave the stock a "sector perform" rating in a report on Thursday, November 13th. Nine research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $31.20.
Get Our Latest Research Report on KMI
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
