Key Points
- Kinder Morgan VP Michael Garthwaite sold 1,550 shares at an average price of $33.65, worth about $52,157. The sale was made under a pre-arranged Rule 10b5-1 trading plan, and he still owned 43,293 shares afterward.
- The company posted better-than-expected quarterly results, reporting EPS of $0.48 versus a $0.38 estimate and revenue of $4.83 billion versus $4.55 billion expected. Revenue rose 13.8% year over year.
- Kinder Morgan raised its quarterly dividend to $0.2975 per share from $0.29, implying a 3.5% annualized yield. Analysts currently rate the stock a “Moderate Buy” with a consensus target price of $34.20.
Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) VP Michael Garthwaite sold 1,550 shares of the business's stock in a transaction on Monday, May 18th. The stock was sold at an average price of $33.65, for a total transaction of $52,157.50. Following the completion of the transaction, the vice president owned 43,293 shares of the company's stock, valued at approximately $1,456,809.45. This trade represents a 3.46% 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 Performance
NYSE:KMI opened at $34.36 on Wednesday. The company has a fifty day simple moving average of $32.75 and a two-hundred day simple moving average of $30.09. The company has a market cap of $76.44 billion, a price-to-earnings ratio of 23.06, a price-to-earnings-growth ratio of 2.89 and a beta of 0.56. The company has a quick ratio of 0.41, a current ratio of 0.52 and a debt-to-equity ratio of 0.92. Kinder Morgan, Inc. has a 52 week low of $25.60 and a 52 week high of $34.81.
Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.10. The business had revenue of $4.83 billion during the quarter, compared to analysts' expectations of $4.55 billion. Kinder Morgan had a net margin of 18.92% and a return on equity of 9.90%. The company's revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.34 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, equities analysts anticipate that Kinder Morgan, Inc. will post 1.49 earnings per share for the current fiscal year.
Kinder Morgan Increases Dividend
The company 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 an increase from Kinder Morgan's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Monday, May 4th. This represents a $1.19 annualized dividend and a dividend yield of 3.5%. Kinder Morgan's dividend payout ratio is presently 79.87%.
Institutional Investors Weigh In On Kinder Morgan
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Klingman & Associates LLC lifted its position in Kinder Morgan by 3.9% in the first quarter. Klingman & Associates LLC now owns 8,498 shares of the pipeline company's stock valued at $285,000 after acquiring an additional 319 shares during the last quarter. TD Capital Management LLC lifted its position in Kinder Morgan by 36.0% in the fourth quarter. TD Capital Management LLC now owns 1,220 shares of the pipeline company's stock valued at $34,000 after acquiring an additional 323 shares during the last quarter. Loomis Sayles & Co. L P lifted its position in Kinder Morgan by 13.0% in the fourth quarter. Loomis Sayles & Co. L P now owns 2,860 shares of the pipeline company's stock valued at $79,000 after acquiring an additional 329 shares during the last quarter. Abel Hall LLC lifted its position in Kinder Morgan by 4.0% in the first quarter. Abel Hall LLC now owns 8,588 shares of the pipeline company's stock valued at $288,000 after acquiring an additional 330 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in Kinder Morgan by 4.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 8,445 shares of the pipeline company's stock valued at $232,000 after acquiring an additional 333 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
KMI has been the subject of several recent analyst reports. Jefferies Financial Group decreased their price objective on shares of Kinder Morgan from $36.00 to $34.00 and set a "hold" rating for the company in a research report on Thursday, April 23rd. Citigroup lifted their price objective 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. Wells Fargo & Company lifted their price objective on shares of Kinder Morgan from $34.00 to $35.00 and gave the stock an "overweight" rating in a research report on Friday, March 13th. Zacks Research raised shares of Kinder Morgan from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 28th. Finally, Stifel Nicolaus lifted their price objective on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock a "hold" rating in a research report on Friday, March 13th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $34.20.
View 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.
Further Reading
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