Kinder Morgan (NYSE:KMI) VP John Schlosser Sells 6,166 Shares

Kinder Morgan, Inc. (NYSE:KMI) VP John Schlosser sold 6,166 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $31.83, for a total transaction of $196,263.78. Following the completion of the transaction, the vice president directly owned 170,374 shares of the company’s stock, valued at approximately $5,423,004.42. This trade represents a 3.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kinder Morgan Stock Up 0.0%

KMI opened at $31.71 on Friday. The company has a 50 day moving average of $32.48 and a 200 day moving average of $30.59. Kinder Morgan, Inc. has a 12 month low of $25.60 and a 12 month high of $34.81. The company has a market cap of $70.54 billion, a PE ratio of 21.28, a price-to-earnings-growth ratio of 2.64 and a beta of 0.54. The company has a current ratio of 0.52, a quick ratio of 0.41 and a debt-to-equity ratio of 0.92.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $4.55 billion. During the same period in the prior year, the business posted $0.34 earnings per share. The company’s revenue was up 13.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, sell-side analysts expect that Kinder Morgan, Inc. will post 1.49 EPS for the current year.

Kinder Morgan Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were paid a $0.2975 dividend. The ex-dividend date was Monday, May 4th. This represents a $1.19 annualized dividend and a yield of 3.8%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s dividend payout ratio is currently 79.87%.

Institutional Trading of Kinder Morgan

Institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new stake in Kinder Morgan during the fourth quarter valued at about $1,132,125,000. AQR Capital Management LLC lifted its stake in Kinder Morgan by 431.9% during the third quarter. AQR Capital Management LLC now owns 6,569,082 shares of the pipeline company’s stock worth $185,971,000 after purchasing an additional 5,333,986 shares during the last quarter. Merewether Investment Management LP purchased a new position in shares of Kinder Morgan in the 2nd quarter worth about $138,477,000. Zimmer Partners LP boosted its holdings in shares of Kinder Morgan by 177.8% in the 3rd quarter. Zimmer Partners LP now owns 6,070,100 shares of the pipeline company’s stock worth $171,845,000 after purchasing an additional 3,885,000 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new position in shares of Kinder Morgan in the 4th quarter worth about $85,364,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Barclays reissued an “overweight” rating on shares of Kinder Morgan in a report on Friday, February 20th. Scotiabank raised their price target on shares of Kinder Morgan from $31.00 to $32.00 and gave the company a “sector perform” rating in a report on Thursday, March 26th. Stifel Nicolaus raised their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the company a “hold” rating in a report on Friday, March 13th. Wolfe Research downgraded shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Finally, Citigroup raised their price target on shares of Kinder Morgan from $28.00 to $33.00 and gave the company a “neutral” rating in a report on Monday, March 30th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $34.20.

Kinder Morgan Company Profile

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.