Key Points
- Kinder Morgan VP Michael Garthwaite sold 1,550 shares at an average price of $30.80, generating $47,740. The transaction, conducted under a Rule 10b5-1 plan, reduced his holdings by 3.07% to 48,863 shares.
- Kinder Morgan reported quarterly EPS of $0.37, exceeding the $0.31 consensus estimate, while revenue rose 10.8% year over year to $4.48 billion.
- The company pays a quarterly dividend of $0.2975 per share, equal to a 3.7% yield, while analysts maintain a consensus “Hold” rating with an average price target of $35.45.
Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) VP Michael Garthwaite sold 1,550 shares of the business's stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $30.80, for a total transaction of $47,740.00. Following the completion of the sale, the vice president directly owned 48,863 shares of the company's stock, valued at $1,504,980.40. The trade was a 3.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Kinder Morgan Stock Performance
Shares of KMI stock opened at $31.81 on Friday. The stock has a market capitalization of $70.83 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 2.21 and a beta of 0.56. Kinder Morgan, Inc. has a one year low of $25.60 and a one year high of $34.81. The company's 50-day simple moving average is $31.77 and its 200-day simple moving average is $32.27. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.36 and a current ratio of 0.46.
Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.06. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.The firm had revenue of $4.48 billion for the quarter, compared to analysts' expectations of $4.22 billion. During the same quarter in the prior year, the firm posted $0.28 earnings per share. Kinder Morgan's revenue for the quarter was up 10.8% compared to the same quarter last year. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Equities analysts anticipate that Kinder Morgan, Inc. will post 1.55 earnings per share for the current fiscal year.
Kinder Morgan Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 3rd were given a dividend of $0.2975 per share. This represents a $1.19 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, August 3rd. Kinder Morgan's dividend payout ratio is currently 76.28%.
Analyst Ratings Changes
A number of equities analysts have commented on KMI shares. Zacks Research downgraded shares of Kinder Morgan from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 23rd. The Goldman Sachs Group reissued a "buy" rating on shares of Kinder Morgan in a report on Wednesday, June 10th. Stifel Nicolaus started coverage on shares of Kinder Morgan in a report on Wednesday, September 9th. They issued a "hold" rating and a $35.00 price target for the company. Weiss Ratings lowered shares of Kinder Morgan from a "buy (a-)" rating to a "buy (b+)" rating in a report on Tuesday, June 23rd. Finally, Morgan Stanley set a $33.00 price objective on shares of Kinder Morgan in a research note on Thursday. Seven equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat, Kinder Morgan currently has a consensus rating of "Hold" and an average price target of $35.45.
Check Out Our Latest Report on Kinder Morgan
Institutional Trading of Kinder Morgan
Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in shares of Kinder Morgan by 1.1% during the second quarter. BlackRock Inc. now owns 175,834,246 shares of the pipeline company's stock valued at $5,621,421,000 after purchasing an additional 1,875,143 shares during the period. Bank of America Corp DE increased its stake in Kinder Morgan by 1.4% during the 1st quarter. Bank of America Corp DE now owns 62,018,394 shares of the pipeline company's stock valued at $2,079,477,000 after buying an additional 836,571 shares during the period. Norges Bank bought a new stake in shares of Kinder Morgan during the 4th quarter worth about $1,132,125,000. Dimensional Fund Advisors LP raised its position in shares of Kinder Morgan by 2.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 17,237,384 shares of the pipeline company's stock worth $577,998,000 after buying an additional 448,130 shares in the last quarter. Finally, Amundi lifted its stake in shares of Kinder Morgan by 5.8% in the 1st quarter. Amundi now owns 15,130,700 shares of the pipeline company's stock worth $507,332,000 after acquiring an additional 831,125 shares during the period. 62.52% of the stock is currently owned by institutional investors and hedge funds.
About Kinder Morgan
(
Get Free Report)
Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and storage facilities across North America. Its assets transport and store natural gas, crude oil, refined petroleum products, renewable fuels, and carbon dioxide.
The company's natural gas business supports gathering, processing, transportation, and storage, while its products pipeline network serves refineries, airports, utilities, and other industrial customers. Kinder Morgan also operates bulk and liquids terminals that handle energy products and other commodities, along with carbon dioxide infrastructure used in enhanced oil recovery and related applications.
Founded in 1997, Kinder Morgan has expanded through acquisitions and the development of energy infrastructure in the United States and Canada.
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