Kinder Morgan, Inc. (NYSE:KMI – Get Free Report) VP John Schlosser sold 6,200 shares of the business’s stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $31.00, for a total value of $192,200.00. Following the completion of the transaction, the vice president directly owned 158,008 shares of the company’s stock, valued at approximately $4,898,248. The trade was a 3.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Kinder Morgan Price Performance
Shares of KMI stock opened at $31.20 on Wednesday. Kinder Morgan, Inc. has a 1-year low of $26.24 and a 1-year high of $34.81. The stock’s 50-day moving average is $32.04 and its 200 day moving average is $32.14. The company has a market cap of $69.52 billion, a P/E ratio of 19.26, a PEG ratio of 2.14 and a beta of 0.58. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.67 and a quick ratio of 0.55.
Kinder Morgan (NYSE:KMI – Get Free Report) last posted its earnings results on Wednesday, October 21st. The pipeline company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. The company had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.37 billion. Kinder Morgan had a return on equity of 10.84% and a net margin of 19.64%. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 earnings per share. Research analysts predict that Kinder Morgan, Inc. will post 1.57 earnings per share for the current fiscal year.
Kinder Morgan Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 2nd will be given a $0.2975 dividend. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.8%. Kinder Morgan’s payout ratio is presently 73.46%.
Key Stories Impacting Kinder Morgan
Here are the key news stories impacting Kinder Morgan this week:
- Positive Sentiment: Executive Chairman Richard Kinder bought 500,000 shares for about $15 million on Nov. 6, signaling confidence after the stock’s pullback. The purchase comes as Kinder Morgan’s project backlog reached a record $14.4 billion, supported largely by natural-gas projects linked to data centers and utility demand. Why Kinder Morgan’s Chairman Just Bought $15 Million in Stock
- Positive Sentiment: Recent quarterly results were stronger than expected: adjusted EPS was $0.35, beating the $0.33 consensus, while revenue rose 9.3% year over year to $4.53 billion. The backlog and long-term, take-or-pay contracts could support predictable future cash flows, though many projects will not begin operating until 2030–2032. Kinder Morgan third-quarter results
- Neutral Sentiment: Vice President John Schlosser sold 6,200 shares for $192,200, reducing his holdings by 3.78%. The sale was executed under a pre-arranged Rule 10b5-1 trading plan, which makes it a less clear signal about his view of the company. SEC insider transaction filing
- Negative Sentiment: Large pipeline projects require substantial upfront investment: third-quarter capital expenditures contributed to a free-cash-flow deficit after dividends. Construction costs, possible delays, and the eventual normalization of some favorable one-off earnings items are risks to near-term results.
Institutional Investors Weigh In On Kinder Morgan
A number of large investors have recently modified their holdings of the business. State Street Corp lifted its stake in shares of Kinder Morgan by 4.3% during the second quarter. State Street Corp now owns 130,863,419 shares of the pipeline company’s stock worth $4,183,704,000 after buying an additional 5,361,578 shares during the period. Oak Family Advisors LLC purchased a new stake in shares of Kinder Morgan during the second quarter valued at $3,627,000. Envestnet Asset Management Inc. grew its holdings in shares of Kinder Morgan by 0.8% during the second quarter. Envestnet Asset Management Inc. now owns 5,122,523 shares of the pipeline company’s stock valued at $163,766,000 after buying an additional 38,739 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Kinder Morgan by 10.5% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 438,959 shares of the pipeline company’s stock valued at $14,034,000 after acquiring an additional 41,563 shares during the period. Finally, Benjamin Edwards Inc. increased its position in shares of Kinder Morgan by 24.5% in the 2nd quarter. Benjamin Edwards Inc. now owns 647,520 shares of the pipeline company’s stock valued at $20,701,000 after acquiring an additional 127,278 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the stock. Melius Research initiated coverage on shares of Kinder Morgan in a research report on Tuesday, September 22nd. They set a “buy” rating and a $38.00 target price for the company. Argus lifted their price target on shares of Kinder Morgan from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. BMO Capital Markets lifted their price target on shares of Kinder Morgan from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Thursday, October 22nd. TD Cowen upped their price target on Kinder Morgan from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, October 22nd. Finally, Wells Fargo & Company increased their price objective on Kinder Morgan from $36.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, October 22nd. Twelve analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $37.15.
View Our Latest Analysis on KMI
Kinder Morgan Company Profile
Kinder Morgan, Inc. (NYSE: KMI) is an energy infrastructure company that transports and stores natural gas, crude oil, refined petroleum products and other energy-related commodities. Its assets include pipelines, terminals and storage facilities serving energy producers, utilities, industrial customers and other markets across the United States and Canada. The company’s operations include natural gas transportation and storage, refined-products and crude-oil pipelines, bulk and liquids terminals, and carbon dioxide transportation.
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