Kinder Morgan, Inc. (NYSE:KMI – Get Free Report) VP Michael Garthwaite sold 1,550 shares of the company’s stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $33.65, for a total transaction of $52,157.50. Following the completion of the sale, the vice president directly owned 47,313 shares in the company, valued at $1,592,082.45. This trade represents a 3.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Kinder Morgan Stock Down 0.9%
KMI stock opened at $33.68 on Friday. The company’s 50 day simple moving average is $31.85 and its 200-day simple moving average is $32.04. The firm has a market capitalization of $74.99 billion, a PE ratio of 21.59, a P/E/G ratio of 2.39 and a beta of 0.59. Kinder Morgan, Inc. has a 12 month low of $25.60 and a 12 month high of $34.81. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.46 and a quick ratio of 0.36.
Kinder Morgan (NYSE:KMI – Get Free Report) last issued its quarterly earnings data on Wednesday, October 21st. The pipeline company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Kinder Morgan had a net margin of 19.64% and a return on equity of 10.85%. The business had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.37 billion. During the same period last year, the company posted $0.29 EPS. The company’s revenue was up 9.3% on a year-over-year basis. Equities analysts expect that Kinder Morgan, Inc. will post 1.56 earnings per share for the current fiscal year.
Kinder Morgan Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 2nd will be issued a dividend of $0.2975 per share. This represents a $1.19 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Monday, November 2nd. Kinder Morgan’s dividend payout ratio is 76.28%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on KMI shares. TD Cowen boosted their price target on Kinder Morgan from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday. Wells Fargo & Company upped their price objective on Kinder Morgan from $36.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday. Citigroup reaffirmed a “neutral” rating and set a $34.00 price objective (up from $33.00) on shares of Kinder Morgan in a research note on Wednesday, July 29th. Capital One Financial initiated coverage on Kinder Morgan in a research report on Tuesday, September 22nd. They set an “equal weight” rating and a $36.00 price objective for the company. Finally, Melius Research began coverage on shares of Kinder Morgan in a research note on Tuesday, September 22nd. They issued a “buy” rating and a $38.00 target price for the company. Twelve equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $36.55.
Check Out Our Latest Report on KMI
Key Kinder Morgan News
Here are the key news stories impacting Kinder Morgan this week:
- Positive Sentiment: Q3 earnings beat expectations: Kinder Morgan reported adjusted EPS of $0.35 versus the $0.33 consensus estimate, while revenue rose 9.3% year over year to $4.53 billion, above the $4.37 billion forecast. Strength in natural-gas volumes and record EBITDA supported the results. KMI Q3 Earnings Beat Estimates on Natural Gas Pipeline Strength
- Positive Sentiment: Record backlog improves the growth outlook: The company added $5.4 billion to its expansion backlog, bringing the total to a record $14.4 billion. Rising demand from data centers, power generation and LNG exports is driving new natural-gas infrastructure opportunities. Kinder Morgan also reached final investment decisions on two projects requiring approximately $4.7 billion of investment. Kinder Morgan to invest $4.7 billion in two gas pipeline projects as demand surges
- Positive Sentiment: Analyst sentiment improved: Freedom Broker upgraded KMI from “hold” to “buy” and raised its price target to $39 from $34. Mizuho also increased its target to $39 and maintained an “outperform” rating, while other analysts reportedly lifted targets into the $37-$40 range. Kinder Morgan Analysts Boost Their Forecasts Following Upbeat Q3 Earnings
- Positive Sentiment: Dividend supports income appeal: Kinder Morgan declared a quarterly dividend of $0.2975 per share, or $1.19 annualized, representing a yield of approximately 3.6% based on the supplied stock price.
- Neutral Sentiment: Mixed guidance signal: Although the company affirmed its full-year outlook, its expected 2026 adjusted EPS of $1.36 is below the FactSet estimate of $1.54, creating a valuation and execution concern despite the stronger backlog.
- Neutral Sentiment: Insider transaction: A vice president sold $52,157.50 of stock under a pre-arranged Rule 10b5-1 plan. The relatively small, scheduled sale is unlikely to materially change the investment case.
Institutional Trading of Kinder Morgan
A number of hedge funds have recently bought and sold shares of KMI. Fifth Third Wealth Advisors LLC raised its holdings in Kinder Morgan by 2.1% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 82,716 shares of the pipeline company’s stock valued at $2,494,000 after acquiring an additional 1,710 shares during the last quarter. BRIA Capital Group LLC lifted its stake in shares of Kinder Morgan by 29.9% during the 3rd quarter. BRIA Capital Group LLC now owns 23,582 shares of the pipeline company’s stock worth $711,000 after purchasing an additional 5,423 shares during the period. XXI Wealth LLC lifted its stake in shares of Kinder Morgan by 2.5% during the 3rd quarter. XXI Wealth LLC now owns 29,795 shares of the pipeline company’s stock worth $898,000 after purchasing an additional 713 shares during the period. Yousif Capital Management LLC boosted its holdings in shares of Kinder Morgan by 1.4% during the third quarter. Yousif Capital Management LLC now owns 238,743 shares of the pipeline company’s stock worth $7,198,000 after purchasing an additional 3,348 shares during the last quarter. Finally, BIP Wealth LLC boosted its holdings in shares of Kinder Morgan by 2.7% during the third quarter. BIP Wealth LLC now owns 30,565 shares of the pipeline company’s stock worth $922,000 after purchasing an additional 811 shares during the last quarter. Institutional investors and hedge funds 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 other transportation and storage facilities. Its systems primarily support the movement, processing, and storage of natural gas, crude oil, refined petroleum products, and other energy commodities.
The company’s natural gas business transports and stores natural gas for utilities, power generators, industrial customers, and other energy companies. Kinder Morgan also operates refined products and crude oil pipelines, liquids terminals, and carbon dioxide infrastructure.
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