Michael Garthwaite Sells 1,550 Shares of Kinder Morgan (NYSE:KMI) Stock

Kinder Morgan, Inc. (NYSE:KMI) VP Michael Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction on Monday, May 18th. The shares were sold at an average price of $33.65, for a total value of $52,157.50. Following the completion of the transaction, the vice president owned 43,293 shares in the company, valued at $1,456,809.45. The trade was a 3.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kinder Morgan Trading Up 1.7%

Kinder Morgan stock traded up $0.58 during midday trading on Tuesday, reaching $34.36. The stock had a trading volume of 15,847,650 shares, compared to its average volume of 11,428,471. Kinder Morgan, Inc. has a twelve month low of $25.60 and a twelve month high of $34.81. The stock has a market capitalization of $76.44 billion, a PE ratio of 23.06, a price-to-earnings-growth ratio of 2.89 and a beta of 0.56. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.41 and a current ratio of 0.52. The stock’s 50-day simple moving average is $32.75 and its 200 day simple moving average is $30.09.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share 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 for the quarter, compared to analysts’ expectations of $4.55 billion. During the same quarter last year, the firm earned $0.34 earnings per share. The firm’s revenue for the quarter 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. 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. Investors of record on Monday, May 4th were issued a $0.2975 dividend. The ex-dividend date was Monday, May 4th. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.19 dividend on an annualized basis and a yield of 3.5%. Kinder Morgan’s payout ratio is 79.87%.

Analyst Ratings Changes

KMI has been the topic of a number of research analyst reports. Wolfe Research cut Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Scotiabank boosted their price objective on Kinder Morgan from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 26th. Weiss Ratings upgraded Kinder Morgan from a “buy (b)” rating to a “buy (a-)” rating in a research note on Monday, May 4th. Royal Bank Of Canada boosted their price objective on Kinder Morgan from $32.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Monday, March 30th. Finally, Truist Financial initiated coverage on Kinder Morgan in a research note on Tuesday, March 24th. They set a “hold” rating and a $38.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus target price of $34.20.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Board of the Pension Protection Fund acquired a new position in shares of Kinder Morgan in the fourth quarter worth about $27,000. Commonwealth Retirement Investments LLC purchased a new position in shares of Kinder Morgan during the 4th quarter valued at approximately $27,000. Frazier Financial Advisors LLC purchased a new position in shares of Kinder Morgan during the 1st quarter valued at approximately $28,000. Acumen Wealth Advisors LLC purchased a new position in shares of Kinder Morgan during the 4th quarter valued at approximately $28,000. Finally, Dorato Capital Management purchased a new position in shares of Kinder Morgan during the 4th quarter valued at approximately $30,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

About Kinder Morgan

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.