Insider Selling: Kinder Morgan (NYSE:KMI) VP Sells $166,482.00 in Stock

Kinder Morgan, Inc. (NYSE:KMI) VP John Schlosser sold 6,166 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $27.00, for a total transaction of $166,482.00. Following the transaction, the vice president directly owned 213,536 shares of the company’s stock, valued at $5,765,472. The trade was a 2.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Kinder Morgan Stock Performance

NYSE KMI opened at $27.03 on Thursday. The company has a market capitalization of $60.14 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 3.01 and a beta of 0.77. The company has a quick ratio of 0.53, a current ratio of 0.63 and a debt-to-equity ratio of 0.98. Kinder Morgan, Inc. has a twelve month low of $23.94 and a twelve month high of $31.48. The stock has a fifty day simple moving average of $27.18 and a 200 day simple moving average of $27.42.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 EPS for the quarter, meeting analysts’ consensus estimates of $0.29. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same quarter in the previous year, the company posted $0.25 EPS. The business’s 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. Sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be issued a dividend of $0.2925 per share. The ex-dividend date is Monday, November 3rd. This represents a $1.17 annualized dividend and a yield of 4.3%. Kinder Morgan’s dividend payout ratio (DPR) is presently 95.90%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on KMI shares. Scotiabank reduced their price objective on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research note on Friday, September 19th. JPMorgan Chase & Co. upped their price target on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. Morgan Stanley set a $30.00 price objective on Kinder Morgan in a research report on Thursday, October 9th. Wolfe Research raised Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective on the stock in a research note on Friday, July 25th. Finally, BMO Capital Markets started coverage on Kinder Morgan in a research note on Friday, September 19th. They set an “outperform” rating and a $32.00 target price for the company. Ten equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.19.

Hedge Funds Weigh In On Kinder Morgan

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Kinder Morgan by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 208,116,318 shares of the pipeline company’s stock worth $5,891,773,000 after buying an additional 896,837 shares during the period. Geode Capital Management LLC raised its position in shares of Kinder Morgan by 1.2% during the second quarter. Geode Capital Management LLC now owns 51,848,863 shares of the pipeline company’s stock worth $1,518,195,000 after purchasing an additional 599,152 shares during the period. Norges Bank bought a new position in shares of Kinder Morgan in the 2nd quarter worth $1,162,802,000. Orbis Allan Gray Ltd lifted its holdings in shares of Kinder Morgan by 3.1% in the 2nd quarter. Orbis Allan Gray Ltd now owns 22,635,179 shares of the pipeline company’s stock worth $665,474,000 after purchasing an additional 670,856 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Kinder Morgan by 2.8% in the 2nd quarter. Invesco Ltd. now owns 21,949,329 shares of the pipeline company’s stock worth $645,310,000 after purchasing an additional 603,197 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

About Kinder Morgan

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.