Key Points
- Kinder Morgan VP John Schlosser sold 6,200 shares for $192,200, reducing his holdings by 3.78%; the transaction was made under a pre-arranged Rule 10b5-1 plan.
- The company beat quarterly estimates, reporting EPS of $0.35 versus $0.33 expected and revenue up 9.3% year over year to $4.53 billion.
- Kinder Morgan declared a quarterly dividend of $0.2975 per share, equivalent to an annualized yield of about 3.8% at the reported share price.
Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) VP John Schlosser sold 6,200 shares of the firm's stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $31.00, for a total value of $192,200.00. Following the completion of the transaction, the vice president owned 158,008 shares of the company's stock, valued at approximately $4,898,248. The trade was a 3.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Kinder Morgan Trading Up 2.1%
Kinder Morgan stock opened at $31.20 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 0.67 and a debt-to-equity ratio of 0.95. Kinder Morgan, Inc. has a 52 week low of $26.24 and a 52 week high of $34.81. The company has a market capitalization of $69.52 billion, a price-to-earnings ratio of 19.26, a price-to-earnings-growth ratio of 2.14 and a beta of 0.58. The stock has a 50-day moving average price of $32.04 and a 200 day moving average price of $32.14.
Kinder Morgan (NYSE:KMI - Get Free Report) last issued its earnings results on Wednesday, October 21st. The pipeline company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.02. Kinder Morgan had a return on equity of 10.84% and a net margin of 19.64%. The firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.37 billion. During the same quarter in the prior year, the firm earned $0.29 earnings per share. Kinder Morgan's revenue for the quarter was up 9.3% on a year-over-year basis. Sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.57 EPS for the current year.
Kinder Morgan Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 2nd will be paid a dividend of $0.2975 per share. This represents a $1.19 annualized dividend and a yield of 3.8%. The ex-dividend date is Monday, November 2nd. Kinder Morgan's payout ratio is presently 73.46%.
Analysts Set New Price Targets
A number of research firms have recently weighed in on KMI. Morgan Stanley cut their price objective on shares of Kinder Morgan from $40.00 to $39.00 and set an "equal weight" rating on the stock in a research note on Tuesday, November 3rd. Wells Fargo & Company boosted their target price on shares of Kinder Morgan from $36.00 to $39.00 and gave the company an "overweight" rating in a research report on Thursday, October 22nd. Freedom Broker raised shares of Kinder Morgan from a "hold" rating to a "buy" rating and upped their price target for the company from $34.00 to $39.00 in a report on Thursday, October 22nd. Stifel Nicolaus assumed coverage on Kinder Morgan in a research report on Wednesday, September 9th. They set a "hold" rating and a $35.00 price target on the stock. Finally, TD Cowen lifted their price objective on Kinder Morgan from $38.00 to $40.00 and gave the company a "buy" rating in a research note on Thursday, October 22nd. Twelve equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Kinder Morgan has an average rating of "Moderate Buy" and an average target price of $37.15.
Get Our Latest Analysis on Kinder Morgan
Trending Headlines about Kinder Morgan
Here are the key news stories impacting Kinder Morgan this week:
- Positive Sentiment: Executive Chairman Richard Kinder bought 500,000 shares for about $15 million on Nov. 6, signaling confidence after the stock’s pullback. The purchase comes as Kinder Morgan’s project backlog reached a record $14.4 billion, supported largely by natural-gas projects linked to data centers and utility demand. Why Kinder Morgan's Chairman Just Bought $15 Million in Stock
- Positive Sentiment: Recent quarterly results were stronger than expected: adjusted EPS was $0.35, beating the $0.33 consensus, while revenue rose 9.3% year over year to $4.53 billion. The backlog and long-term, take-or-pay contracts could support predictable future cash flows, though many projects will not begin operating until 2030–2032. Kinder Morgan third-quarter results
- Neutral Sentiment: Vice President John Schlosser sold 6,200 shares for $192,200, reducing his holdings by 3.78%. The sale was executed under a pre-arranged Rule 10b5-1 trading plan, which makes it a less clear signal about his view of the company. SEC insider transaction filing
- Negative Sentiment: Large pipeline projects require substantial upfront investment: third-quarter capital expenditures contributed to a free-cash-flow deficit after dividends. Construction costs, possible delays, and the eventual normalization of some favorable one-off earnings items are risks to near-term results.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of KMI. Private Advisor Group LLC increased its holdings in shares of Kinder Morgan by 46.4% during the 3rd quarter. Private Advisor Group LLC now owns 213,897 shares of the pipeline company's stock valued at $6,449,000 after purchasing an additional 67,761 shares in the last quarter. Tyche Wealth Partners LLC boosted its holdings in Kinder Morgan by 3.8% during the third quarter. Tyche Wealth Partners LLC now owns 13,647 shares of the pipeline company's stock worth $411,000 after buying an additional 505 shares in the last quarter. Colonial Trust Co SC boosted its holdings in Kinder Morgan by 11.8% during the third quarter. Colonial Trust Co SC now owns 6,043 shares of the pipeline company's stock worth $182,000 after buying an additional 640 shares in the last quarter. Composition Wealth LLC grew its position in Kinder Morgan by 33.5% during the third quarter. Composition Wealth LLC now owns 19,592 shares of the pipeline company's stock valued at $591,000 after buying an additional 4,916 shares during the period. Finally, Trustmark Bank Trust Department grew its position in Kinder Morgan by 1.5% during the third quarter. Trustmark Bank Trust Department now owns 52,879 shares of the pipeline company's stock valued at $1,594,000 after buying an additional 773 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.
About Kinder Morgan
(
Get Free Report)
Kinder Morgan, Inc. (NYSE: KMI) is an energy infrastructure company that transports and stores natural gas, crude oil, refined petroleum products and other energy-related commodities. Its assets include pipelines, terminals and storage facilities serving energy producers, utilities, industrial customers and other markets across the United States and Canada. The company's operations include natural gas transportation and storage, refined-products and crude-oil pipelines, bulk and liquids terminals, and carbon dioxide transportation.
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