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 firm’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $27.49, for a total transaction of $169,503.34. Following the completion of the sale, the vice president owned 201,204 shares of the company’s stock, valued at approximately $5,531,097.96. The trade was a 2.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kinder Morgan Stock Performance

NYSE KMI opened at $27.92 on Tuesday. The stock has a market capitalization of $62.10 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 2.28 and a beta of 0.69. The business’s 50 day moving average is $26.89 and its two-hundred day moving average is $27.28. Kinder Morgan, Inc. has a 12-month low of $23.94 and a 12-month high of $31.48. The company has a current ratio of 0.63, a quick ratio of 0.49 and a debt-to-equity ratio of 0.98.

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, 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 the consensus estimate of $3.98 billion. During the same period in the previous year, the business earned $0.25 earnings per share. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Research analysts expect that Kinder Morgan, Inc. will post 1.25 EPS for the current year.

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were issued a $0.2925 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Monday, November 3rd. Kinder Morgan’s dividend payout ratio (DPR) is currently 95.90%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KMI. Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a research report on Wednesday, October 8th. Jefferies Financial Group lowered their price target on Kinder Morgan from $30.00 to $29.00 and set a “hold” rating on the stock in a report on Tuesday, December 23rd. Royal Bank Of Canada lifted their price objective on Kinder Morgan from $28.00 to $30.00 and gave the stock a “sector perform” rating in a report on Thursday, November 13th. BMO Capital Markets initiated coverage on Kinder Morgan in a report on Friday, September 19th. They issued an “outperform” rating and a $32.00 target price on the stock. Finally, Mizuho dropped their price target on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a research report on Friday, November 14th. Nine analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.20.

Hedge Funds Weigh In On Kinder Morgan

Hedge funds have recently bought and sold shares of the stock. GoalVest Advisory LLC purchased a new stake in shares of Kinder Morgan in the fourth quarter valued at $39,000. GAMMA Investing LLC raised its stake in Kinder Morgan by 2.3% in the 4th quarter. GAMMA Investing LLC now owns 41,310 shares of the pipeline company’s stock valued at $1,136,000 after purchasing an additional 936 shares during the last quarter. Triumph Capital Management acquired a new position in Kinder Morgan in the 3rd quarter valued at about $103,000. AIA Group Ltd lifted its holdings in Kinder Morgan by 16.1% in the 3rd quarter. AIA Group Ltd now owns 41,842 shares of the pipeline company’s stock valued at $1,185,000 after purchasing an additional 5,806 shares in the last quarter. Finally, Keel Point LLC boosted its stake in shares of Kinder Morgan by 9.5% during the 3rd quarter. Keel Point LLC now owns 11,189 shares of the pipeline company’s stock worth $317,000 after purchasing an additional 968 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

About Kinder Morgan

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.