Kinder Morgan (NYSE:KMI) VP John Schlosser Sells 6,166 Shares of Stock

Kinder Morgan, Inc. (NYSE:KMI) VP John Schlosser sold 6,166 shares of the stock in a transaction on Friday, December 5th. The shares were sold at an average price of $27.81, for a total value of $171,476.46. Following the completion of the transaction, the vice president directly owned 207,370 shares of the company’s stock, valued at approximately $5,766,959.70. This represents a 2.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $27.26 on Tuesday. The company has a fifty day simple moving average of $27.06 and a 200-day simple moving average of $27.39. The firm has a market capitalization of $60.64 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 2.44 and a beta of 0.67. The company has a quick ratio of 0.49, a current ratio of 0.63 and a debt-to-equity ratio of 0.98. Kinder Morgan, Inc. has a 52-week low of $23.94 and a 52-week high of $31.48.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.29. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same period in the previous year, the business posted $0.25 earnings per share. Kinder Morgan’s quarterly revenue was up 12.1% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, equities analysts anticipate that Kinder Morgan, Inc. will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 3rd were given a dividend of $0.2925 per share. The ex-dividend date was Monday, November 3rd. This represents a $1.17 dividend on an annualized basis and a yield of 4.3%. Kinder Morgan’s dividend payout ratio (DPR) is presently 95.90%.

Institutional Trading of Kinder Morgan

Institutional investors and hedge funds have recently bought and sold shares of the stock. LFA Lugano Financial Advisors SA purchased a new position in Kinder Morgan during the second quarter worth about $26,000. Cranbrook Wealth Management LLC boosted its position in shares of Kinder Morgan by 116.1% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock worth $31,000 after purchasing an additional 562 shares during the period. Strategic Advocates LLC acquired a new stake in Kinder Morgan in the 3rd quarter valued at approximately $32,000. Wolff Wiese Magana LLC acquired a new stake in Kinder Morgan in the 2nd quarter valued at approximately $34,000. Finally, CoreFirst Bank & Trust purchased a new stake in Kinder Morgan in the second quarter valued at approximately $35,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KMI. Morgan Stanley set a $30.00 price objective on Kinder Morgan in a research note on Thursday, October 9th. BMO Capital Markets started coverage on shares of Kinder Morgan in a research report on Friday, September 19th. They set an “outperform” rating and a $32.00 price target on the stock. Jefferies Financial Group began coverage on shares of Kinder Morgan in a report on Thursday, October 9th. They issued a “hold” rating and a $30.00 price objective for the company. Royal Bank Of Canada raised their price objective on shares of Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 13th. Finally, Stifel Nicolaus boosted their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a report on Tuesday, November 11th. Nine investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $31.33.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.