Insider Selling: Kinder Morgan (NYSE:KMI) VP Sells $47,740.00 in Stock

Kinder Morgan, Inc. (NYSE:KMI) VP Michael Garthwaite sold 1,550 shares of the stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $30.80, for a total value of $47,740.00. Following the completion of the transaction, the vice president owned 48,863 shares of the company’s stock, valued at $1,504,980.40. This represents a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kinder Morgan Trading Up 1.6%

Shares of KMI stock traded up $0.50 during mid-day trading on Friday, reaching $31.81. 35,862,599 shares of the stock traded hands, compared to its average volume of 12,246,596. The company has a market cap of $70.83 billion, a price-to-earnings ratio of 20.39, a price-to-earnings-growth ratio of 2.17 and a beta of 0.56. The company has a quick ratio of 0.36, a current ratio of 0.46 and a debt-to-equity ratio of 0.91. The stock’s fifty day simple moving average is $31.78 and its two-hundred day simple moving average is $32.27. Kinder Morgan, Inc. has a 1-year low of $25.60 and a 1-year high of $34.81.

Kinder Morgan (NYSE:KMI) last released 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. The company had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.22 billion. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.The firm’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, research analysts anticipate that Kinder Morgan, Inc. will post 1.55 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were paid a dividend of $0.2975 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.19 annualized dividend and a dividend yield of 3.7%. Kinder Morgan’s dividend payout ratio (DPR) is presently 76.28%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. The Goldman Sachs Group restated a “buy” rating on shares of Kinder Morgan in a report on Wednesday, June 10th. UBS Group reiterated a “buy” rating and issued a $43.00 price target on shares of Kinder Morgan in a research report on Monday, June 15th. Wells Fargo & Company increased their price target on Kinder Morgan from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Citigroup restated a “neutral” rating on shares of Kinder Morgan in a research report on Wednesday, July 29th. Finally, Morgan Stanley set a $33.00 target price on Kinder Morgan in a report on Thursday. Eight investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $35.17.

Institutional Trading of Kinder Morgan

Institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP lifted its stake in shares of Kinder Morgan by 152.2% in the 4th quarter. GSA Capital Partners LLP now owns 54,683 shares of the pipeline company’s stock valued at $1,503,000 after purchasing an additional 32,998 shares during the period. OP Asset Management Ltd acquired a new stake in Kinder Morgan during the first quarter worth approximately $6,412,000. USS Investment Management Ltd increased its holdings in Kinder Morgan by 10.3% in the first quarter. USS Investment Management Ltd now owns 421,306 shares of the pipeline company’s stock worth $14,116,000 after purchasing an additional 39,418 shares in the last quarter. Cerity Partners LLC lifted its stake in Kinder Morgan by 8.8% in the fourth quarter. Cerity Partners LLC now owns 1,056,258 shares of the pipeline company’s stock valued at $29,037,000 after buying an additional 85,625 shares during the period. Finally, Miller Howard Investments Inc. NY boosted its holdings in shares of Kinder Morgan by 3.2% during the 1st quarter. Miller Howard Investments Inc. NY now owns 1,822,905 shares of the pipeline company’s stock worth $61,122,000 after buying an additional 57,198 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

About Kinder Morgan

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.