Key Points
- VP Michael Garthwaite sold 1,550 shares on April 16 at an average price of $31.72 for about $49,166 under a pre‑arranged Rule 10b5‑1 plan, trimming his stake by 3.34% to 44,843 shares.
- Kinder Morgan beat Q4 EPS estimates ($0.39 vs. $0.37) with revenue up 13.1% year‑over‑year and pays an annualized dividend of $1.17 for a 3.7% yield (DPR 85.4%).
- Near‑term positives include DOE approval to expand LNG exports at Elba Island and recent institutional buying, but analysts maintain a consensus "Hold" rating with a $34.33 target price.
Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) VP Michael Garthwaite sold 1,550 shares of the stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $31.72, for a total transaction of $49,166.00. Following the completion of the transaction, the vice president owned 44,843 shares of the company's stock, valued at approximately $1,422,419.96. This represents a 3.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Kinder Morgan Trading Up 0.7%
Shares of KMI stock opened at $32.03 on Friday. Kinder Morgan, Inc. has a 52-week low of $25.42 and a 52-week high of $34.73. The stock has a market cap of $71.25 billion, a price-to-earnings ratio of 23.38, a P/E/G ratio of 2.90 and a beta of 0.64. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.50 and a current ratio of 0.64. The firm has a fifty day moving average of $32.89 and a 200-day moving average of $29.36.
Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.02. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The company had revenue of $4.51 billion during the quarter, compared to analysts' expectations of $4.33 billion. During the same quarter in the prior year, the company posted $0.30 EPS. The business's revenue was up 13.1% on a year-over-year basis. On average, equities research analysts forecast that Kinder Morgan, Inc. will post 1.25 earnings per share for the current fiscal year.
Kinder Morgan Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 2nd were given a dividend of $0.2925 per share. The ex-dividend date was Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.7%. Kinder Morgan's dividend payout ratio (DPR) is 85.40%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the stock. Citigroup increased their target price on shares of Kinder Morgan from $28.00 to $33.00 and gave the stock a "neutral" rating in a research report on Monday, March 30th. Weiss Ratings restated a "buy (b)" rating on shares of Kinder Morgan in a research note on Thursday, January 22nd. Morgan Stanley raised their target price on Kinder Morgan from $34.00 to $36.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 3rd. Mizuho increased their price objective on shares of Kinder Morgan from $31.00 to $37.00 and gave the stock an "outperform" rating in a report on Thursday, March 5th. Finally, Jefferies Financial Group increased their price objective on shares of Kinder Morgan from $31.00 to $36.00 and gave the stock a "hold" rating in a report on Tuesday, March 24th. Eight analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $34.33.
View Our Latest Stock Analysis on Kinder Morgan
Key Headlines Impacting Kinder Morgan
Here are the key news stories impacting Kinder Morgan this week:
- Positive Sentiment: U.S. Department of Energy approved expanded LNG export volumes for Kinder Morgan’s Elba Island terminal — this raises the company’s potential long‑term cash flows from LNG exports and improves the growth/valuation story for an otherwise mostly stable midstream business. DOE approval raises valuation questions
- Positive Sentiment: An institutional investor (Baxter Bros Inc.) increased its stake by 21,840 shares in Q4 — institutional buying can signal conviction and provide a bid under the stock. Baxter Bros purchase
- Positive Sentiment: Analyst/outlet support: media pieces (The Motley Fool, Seeking Alpha) highlight KMI as an attractive dividend/midstream name and preview its dividend hike streak — this reinforces income‑investor demand. Motley Fool pick Dividend preview
- Neutral Sentiment: Market attention is elevated — Zacks/Yahoo note heavy search and interest in KMI, which can increase intraday volume and volatility without changing fundamentals. Investor search interest
- Neutral Sentiment: Q1 earnings and webcast scheduled — Wall Street estimates and metric previews are circulating; results or guidance could move the stock more than the background news. Q1 estimates preview Earnings webcast
- Negative Sentiment: KMI VP Michael P. Garthwaite sold 1,550 shares under a pre‑arranged 10b5‑1 plan (3.34% reduction in his holdings) — insider selling can be viewed negatively by some investors, though the trade was executed under a rule‑based plan which mutes the signal. SEC Form 4
Institutional Investors Weigh In On Kinder Morgan
A number of hedge funds have recently added to or reduced their stakes in the stock. Board of the Pension Protection Fund bought a new position in shares of Kinder Morgan in the 4th quarter valued at about $27,000. Commonwealth Retirement Investments LLC bought a new position in shares of Kinder Morgan in the 4th quarter valued at about $27,000. Acumen Wealth Advisors LLC bought a new position in shares of Kinder Morgan in the 4th quarter valued at about $28,000. Dorato Capital Management bought a new position in shares of Kinder Morgan in the 4th quarter valued at about $30,000. Finally, Basepoint Wealth LLC bought a new position in shares of Kinder Morgan in the 4th quarter valued at about $30,000. Institutional investors own 62.52% of the company's stock.
About Kinder Morgan
(
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.
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