Kinder Morgan, Inc. (NYSE:KMI – Get Free Report) VP Michael Garthwaite sold 1,550 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $33.65, for a total transaction of $52,157.50. Following the transaction, the vice president owned 43,293 shares in the company, valued at $1,456,809.45. This trade represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Kinder Morgan Stock Up 1.7%
NYSE KMI traded up $0.58 during trading hours on Tuesday, reaching $34.36. 15,847,650 shares of the company traded hands, compared to its average volume of 11,428,471. Kinder Morgan, Inc. has a 12 month low of $25.60 and a 12 month high of $34.81. The company has a current ratio of 0.52, a quick ratio of 0.41 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $76.44 billion, a PE ratio of 23.06, a PEG ratio of 2.89 and a beta of 0.56. The company has a 50 day moving average of $32.75 and a two-hundred day moving average of $30.09.
Kinder Morgan (NYSE:KMI – Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (EPS) 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 quarter in the prior year, the firm posted $0.34 earnings per share. Kinder Morgan’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. As a group, equities analysts expect that Kinder Morgan, Inc. will post 1.49 earnings per share for the current year.
Kinder Morgan Increases Dividend
Hedge Funds Weigh In On Kinder Morgan
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Orographic Financial Advisors LLC bought a new position in Kinder Morgan in the 1st quarter worth approximately $3,167,000. Bank of America Corp DE grew its holdings in Kinder Morgan by 1.4% in the 1st quarter. Bank of America Corp DE now owns 62,018,394 shares of the pipeline company’s stock worth $2,079,477,000 after buying an additional 836,571 shares in the last quarter. Genesis Financial Group LLC bought a new position in Kinder Morgan in the 1st quarter worth approximately $5,154,000. Edgestream Partners L.P. grew its holdings in Kinder Morgan by 655.0% in the 1st quarter. Edgestream Partners L.P. now owns 183,268 shares of the pipeline company’s stock worth $6,145,000 after buying an additional 158,993 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Kinder Morgan by 128.6% in the 1st quarter. Janus Henderson Group PLC now owns 292,961 shares of the pipeline company’s stock worth $9,817,000 after buying an additional 164,792 shares in the last quarter. 62.52% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several analysts have issued reports on the company. Morgan Stanley upped their price objective on Kinder Morgan from $34.00 to $36.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 3rd. Royal Bank Of Canada upped their price objective on Kinder Morgan from $32.00 to $35.00 and gave the company a “sector perform” rating in a research note on Monday, March 30th. Scotiabank upped their price objective on Kinder Morgan from $31.00 to $32.00 and gave the company 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. Finally, Zacks Research upgraded Kinder Morgan from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $34.20.
Check Out Our Latest Report on Kinder Morgan
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.
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