Kinder Morgan, Inc. (KMI) To Go Ex-Dividend on August 3rd

Kinder Morgan, Inc. (NYSE:KMIGet Free Report) declared a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Monday, August 3rd will be paid a dividend of 0.2975 per share by the pipeline company on Monday, August 17th. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, August 3rd.

Kinder Morgan has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 9 consecutive years. Kinder Morgan has a dividend payout ratio of 88.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Kinder Morgan to earn $1.50 per share next year, which means the company should continue to be able to cover its $1.19 annual dividend with an expected future payout ratio of 79.3%.

Kinder Morgan Trading Up 0.7%

Shares of NYSE:KMI opened at $32.73 on Friday. 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 has a 52-week low of $25.60 and a 52-week high of $34.81. The stock has a market cap of $72.82 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 2.72 and a beta of 0.54. The business has a 50-day moving average price of $32.27 and a 200-day moving average price of $31.83.

Kinder Morgan (NYSE:KMIGet Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. The firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.22 billion. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.50%. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.28 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Equities analysts predict that Kinder Morgan will post 1.48 EPS for the current year.

Insider Transactions at Kinder Morgan

In related news, VP Michael P. Garthwaite sold 1,550 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total transaction of $48,732.00. Following the sale, the vice president directly owned 41,743 shares of the company’s stock, valued at $1,312,399.92. This represents a 3.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $31.90, for a total value of $196,695.40. Following the completion of the sale, the vice president directly owned 164,208 shares in the company, valued at $5,238,235.20. This represents a 3.62% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 21,598 shares of company stock worth $693,689 over the last quarter. Insiders own 12.72% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of KMI. Benjamin Edwards Inc. lifted its position in shares of Kinder Morgan by 14.4% during the 4th quarter. Benjamin Edwards Inc. now owns 467,434 shares of the pipeline company’s stock valued at $12,849,000 after acquiring an additional 59,013 shares during the period. Partners Group Holding AG increased its stake in Kinder Morgan by 45.0% in the 4th quarter. Partners Group Holding AG now owns 291,741 shares of the pipeline company’s stock valued at $8,020,000 after purchasing an additional 90,593 shares in the last quarter. Generali Asset Management SPA SGR raised its holdings in Kinder Morgan by 47.4% during the fourth quarter. Generali Asset Management SPA SGR now owns 156,764 shares of the pipeline company’s stock worth $4,309,000 after purchasing an additional 50,403 shares during the last quarter. GSA Capital Partners LLP boosted its position in Kinder Morgan by 152.2% during the fourth quarter. GSA Capital Partners LLP now owns 54,683 shares of the pipeline company’s stock worth $1,503,000 after purchasing an additional 32,998 shares in the last quarter. Finally, Asset Advisors Investment Management LLC purchased a new stake in Kinder Morgan during the fourth quarter worth $2,626,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Company Profile

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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.

See Also

Dividend History for Kinder Morgan (NYSE:KMI)

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