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 business’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $28.17, for a total value of $173,696.22. Following the transaction, the vice president directly owned 219,702 shares in the company, valued at approximately $6,189,005.34. This trade represents a 2.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $28.01 on Wednesday. The business’s 50 day moving average price is $27.28 and its two-hundred day moving average price is $27.46. The company has a market cap of $62.23 billion, a PE ratio of 22.95, a price-to-earnings-growth ratio of 3.28 and a beta of 0.78. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. Kinder Morgan, Inc. has a twelve month low of $23.06 and a twelve month high of $31.48.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the prior year, the business earned $0.26 earnings per share. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, analysts predict that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were given a $0.2925 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.17 annualized dividend and a dividend yield of 4.2%. Kinder Morgan’s dividend payout ratio is presently 95.90%.

Institutional Investors Weigh In On Kinder Morgan

A number of large investors have recently added to or reduced their stakes in the stock. Sierra Ocean LLC lifted its stake in Kinder Morgan by 927.1% during the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 788 shares during the last quarter. LFA Lugano Financial Advisors SA bought a new stake in Kinder Morgan during the second quarter worth $26,000. JNBA Financial Advisors lifted its stake in Kinder Morgan by 669.2% during the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock worth $29,000 after purchasing an additional 870 shares during the last quarter. Cranbrook Wealth Management LLC lifted its stake in Kinder Morgan by 116.1% during the second 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 last quarter. Finally, Grove Bank & Trust lifted its stake in Kinder Morgan by 2,913.5% during the first quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company’s stock worth $32,000 after purchasing an additional 1,078 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on KMI. Wolfe Research raised Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a research report on Friday, July 25th. Morgan Stanley upped their target price on Kinder Morgan from $34.00 to $35.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a research report on Saturday, September 27th. BMO Capital Markets assumed coverage on Kinder Morgan in a research report on Friday, September 19th. They set an “outperform” rating and a $32.00 price target on the stock. Finally, Barclays reissued an “overweight” rating and set a $32.00 price target (up previously from $31.00) on shares of Kinder Morgan in a research report on Monday, June 23rd. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus target price of $31.25.

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.