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

Kinder Morgan, Inc. (NYSE:KMI) VP John Schlosser sold 6,166 shares of the stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $27.00, for a total value of $166,482.00. Following the sale, the vice president owned 213,536 shares of the company’s stock, valued at approximately $5,765,472. The trade was a 2.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Kinder Morgan Trading Up 1.9%

Shares of Kinder Morgan stock traded up $0.50 on Monday, hitting $27.05. 12,876,106 shares of the company’s stock traded hands, compared to its average volume of 14,342,204. The company has a market capitalization of $60.18 billion, a price-to-earnings ratio of 22.17, a price-to-earnings-growth ratio of 3.01 and a beta of 0.77. The company has a fifty day moving average of $27.16 and a two-hundred day moving average of $27.42. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.63 and a quick ratio of 0.53. Kinder Morgan, Inc. has a one year low of $23.94 and a one year high of $31.48.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 period in the previous year, the firm earned $0.25 earnings per share. The company’s revenue 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. As a group, sell-side analysts expect that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on KMI shares. BMO Capital Markets initiated coverage on Kinder Morgan in a research note on Friday, September 19th. They set an “outperform” rating and a $32.00 price target on the stock. Stifel Nicolaus raised their target price on Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a report on Thursday, August 14th. Jefferies Financial Group began coverage on shares of Kinder Morgan in a research note on Thursday, October 9th. They issued a “hold” rating and a $30.00 target price for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a research report on Wednesday, October 8th. Finally, Scotiabank reduced their target price on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a report on Friday, September 19th. Ten research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Kinder Morgan currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.13.

Institutional Trading of Kinder Morgan

Hedge funds have recently made changes to their positions in the company. LFA Lugano Financial Advisors SA purchased a new stake in Kinder Morgan in the 2nd quarter worth about $26,000. Cranbrook Wealth Management LLC boosted its position 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 period. Wolff Wiese Magana LLC purchased a new position in shares of Kinder Morgan in the second quarter worth about $34,000. CoreFirst Bank & Trust bought a new stake in shares of Kinder Morgan in the second quarter valued at approximately $35,000. Finally, Private Wealth Management Group LLC lifted its stake in shares of Kinder Morgan by 94.9% during the 3rd quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock valued at $35,000 after buying an additional 595 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

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.