Kinder Morgan, Inc. (NYSE:KMI – Get Free Report) VP Michael Garthwaite sold 1,550 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $31.44, for a total transaction of $48,732.00. Following the completion of the sale, the vice president directly owned 41,743 shares in the company, valued at $1,312,399.92. This represents a 3.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Kinder Morgan Stock Down 0.5%
Shares of NYSE:KMI traded down $0.16 during midday trading on Wednesday, reaching $31.28. The company’s stock had a trading volume of 9,638,854 shares, compared to its average volume of 12,852,941. The firm has a market capitalization of $69.59 billion, a P/E ratio of 20.99, a PEG ratio of 2.62 and a beta of 0.54. The firm has a 50 day moving average of $32.21 and a 200-day moving average of $30.84. Kinder Morgan, Inc. has a 12-month low of $25.60 and a 12-month high of $34.81. The company has a quick ratio of 0.41, a current ratio of 0.52 and a debt-to-equity ratio of 0.92.
Kinder Morgan (NYSE:KMI – Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.10. The company had revenue of $4.83 billion for the quarter, compared to analysts’ expectations of $4.55 billion. Kinder Morgan had a net margin of 18.92% and a return on equity of 9.90%. Kinder Morgan’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 EPS. 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 1.49 earnings per share for the current year.
Kinder Morgan Increases Dividend
Analyst Ratings Changes
KMI has been the topic of several research analyst reports. Stifel Nicolaus upped their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the company a “hold” rating in a research note on Friday, March 13th. Zacks Research upgraded shares of Kinder Morgan from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Barclays reiterated an “overweight” rating on shares of Kinder Morgan in a research note on Friday, February 20th. The Goldman Sachs Group reissued a “buy” rating on shares of Kinder Morgan in a report on Wednesday, June 10th. Finally, Mizuho increased their target price on shares of Kinder Morgan from $31.00 to $37.00 and gave the stock an “outperform” rating in a report on Thursday, March 5th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.53.
View Our Latest Stock Report on Kinder Morgan
Institutional Investors Weigh In On Kinder Morgan
A number of institutional investors have recently added to or reduced their stakes in the stock. Frazier Financial Advisors LLC bought a new position in shares of Kinder Morgan during the 1st quarter valued at approximately $28,000. Board of the Pension Protection Fund bought a new stake in shares of Kinder Morgan during the fourth quarter worth $27,000. Commonwealth Retirement Investments LLC bought a new stake in shares of Kinder Morgan during the fourth quarter worth $27,000. First Pacific Financial increased its stake in shares of Kinder Morgan by 9,900.0% during the first quarter. First Pacific Financial now owns 1,000 shares of the pipeline company’s stock valued at $34,000 after buying an additional 990 shares during the period. Finally, Robinswood Financial LLC purchased a new position in shares of Kinder Morgan during the first quarter valued at $34,000. 62.52% of the stock is owned by hedge funds and other institutional investors.
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.
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