Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) VP John Schlosser sold 6,166 shares of the business's stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $32.41, for a total value of $199,840.06. Following the sale, the vice president directly owned 176,540 shares of the company's stock, valued at approximately $5,721,661.40. This trade represents a 3.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Kinder Morgan Price Performance
KMI stock opened at $32.29 on Wednesday. The stock has a 50-day moving average price of $32.87 and a two-hundred day moving average price of $29.67. Kinder Morgan, Inc. has a 12-month low of $25.60 and a 12-month high of $34.73. The company has a current ratio of 0.52, a quick ratio of 0.41 and a debt-to-equity ratio of 0.92. The company has a market cap of $71.84 billion, a PE ratio of 21.67, a price-to-earnings-growth ratio of 2.86 and a beta of 0.56.
Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $4.55 billion. During the same quarter in the previous year, the business earned $0.34 earnings per share. The firm's quarterly revenue was up 13.8% compared to the same quarter last year. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, research analysts predict that Kinder Morgan, Inc. will post 1.45 EPS for the current year.
Kinder Morgan Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, May 4th will be given a $0.2975 dividend. The ex-dividend date of this dividend is Monday, May 4th. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.19 annualized dividend and a dividend yield of 3.7%. Kinder Morgan's dividend payout ratio (DPR) is currently 79.87%.
Institutional Trading of Kinder Morgan
Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Kinder Morgan by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 210,281,448 shares of the pipeline company's stock valued at $5,780,637,000 after buying an additional 2,165,130 shares in the last quarter. State Street Corp raised its position in shares of Kinder Morgan by 2.2% during the 4th quarter. State Street Corp now owns 116,860,317 shares of the pipeline company's stock worth $3,212,490,000 after purchasing an additional 2,510,601 shares during the period. Norges Bank bought a new position in Kinder Morgan in the 4th quarter worth approximately $1,132,125,000. Charles Schwab Investment Management Inc. grew its holdings in Kinder Morgan by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 30,104,829 shares of the pipeline company's stock worth $827,582,000 after buying an additional 195,088 shares in the last quarter. Finally, Orbis Allan Gray Ltd grew its holdings in Kinder Morgan by 3.1% in the 2nd quarter. Orbis Allan Gray Ltd now owns 22,635,179 shares of the pipeline company's stock worth $665,474,000 after buying an additional 670,856 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the company. Scotiabank upped their target price on Kinder Morgan from $31.00 to $32.00 and gave the stock a "sector perform" rating in a research report on Thursday, March 26th. Wolfe Research downgraded Kinder Morgan from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 21st. Barclays reaffirmed an "overweight" rating on shares of Kinder Morgan in a research report on Friday, February 20th. Freedom Capital raised Kinder Morgan from a "strong sell" rating to a "hold" rating in a research report on Wednesday, January 28th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Kinder Morgan in a research report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.20.
Read Our Latest Report on Kinder Morgan
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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