Dax Sanders Sells 1,729 Shares of Kinder Morgan, Inc. (NYSE:KMI) Stock (2025)

Posted by Defense World Staff on Aug 16th, 2024

Dax Sanders Sells 1,729 Shares of Kinder Morgan, Inc. (NYSE:KMI) Stock (1)Kinder Morgan, Inc. (NYSE:KMIGet Free Report) VP Dax Sanders sold 1,729 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total transaction of $36,309.00. Following the sale, the vice president now owns 307,409 shares in the company, valued at $6,455,589. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Dax Sanders also recently made the following trade(s):

  • On Tuesday, May 21st, Dax Sanders sold 50,000 shares of Kinder Morgan stock. The stock was sold at an average price of $19.75, for a total transaction of $987,500.00.

Kinder Morgan Stock Up 0.7 %

NYSE:KMI opened at $21.11 on Friday. The firm’s 50 day simple moving average is $20.40 and its 200 day simple moving average is $18.94. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.37 and a quick ratio of 0.28. Kinder Morgan, Inc. has a one year low of $15.89 and a one year high of $21.86. The company has a market cap of $46.85 billion, a PE ratio of 19.19, a P/E/G ratio of 2.92 and a beta of 0.93.

Kinder Morgan (NYSE:KMIGet Free Report) last posted its earnings results on Wednesday, July 17th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The business had revenue of $3.57 billion for the quarter, compared to analyst estimates of $4.13 billion. During the same quarter in the prior year, the business earned $0.24 earnings per share. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. On average, research analysts anticipate that Kinder Morgan, Inc. will post 1.2 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were issued a dividend of $0.2875 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.15 annualized dividend and a yield of 5.45%. Kinder Morgan’s payout ratio is 104.55%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on KMI. Tudor Pickering upgraded shares of Kinder Morgan to a “strong-buy” rating in a research note on Thursday, May 30th. Barclays raised their price target on shares of Kinder Morgan from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. raised their price target on shares of Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Scotiabank raised their price target on shares of Kinder Morgan from $19.00 to $21.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 17th. Finally, Argus upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Friday, July 19th. Seven research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.11.

View Our Latest Stock Analysis on Kinder Morgan

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KMI. Vanguard Group Inc. raised its holdings in Kinder Morgan by 15.8% during the 1st quarter. Vanguard Group Inc. now owns 199,888,911 shares of the pipeline company’s stock worth $3,665,963,000 after purchasing an additional 27,254,172 shares during the last quarter. Norges Bank bought a new position in Kinder Morgan during the 4th quarter worth approximately $409,063,000. Confluence Investment Management LLC bought a new stake in shares of Kinder Morgan in the 1st quarter valued at $87,627,000. Castle Hook Partners LP increased its stake in shares of Kinder Morgan by 108.2% in the 1st quarter. Castle Hook Partners LP now owns 7,799,826 shares of the pipeline company’s stock valued at $143,049,000 after acquiring an additional 4,053,793 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP increased its stake in shares of Kinder Morgan by 45.9% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 9,959,947 shares of the pipeline company’s stock valued at $182,665,000 after acquiring an additional 3,135,457 shares in the last quarter. Institutional investors own 62.52% of the company’s stock.

About Kinder Morgan

(Get Free Report)

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.

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Dax Sanders Sells 1,729 Shares of Kinder Morgan, Inc. (NYSE:KMI) Stock (2)

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Dax Sanders Sells 1,729 Shares of Kinder Morgan, Inc. (NYSE:KMI) Stock (2025)

FAQs

How high will KMI stock go? ›

KMI Stock Forecast FAQ

Based on analyst ratings, Kinder Morgan's 12-month average price target is $22.00. Kinder Morgan has 4.22% upside potential, based on the analysts' average price target. Kinder Morgan has a consensus rating of Moderate Buy which is based on 5 buy ratings, 7 hold ratings and 1 sell ratings.

What are analysts saying about KMI stock? ›

Analyst Price Targets

Based on analysts offering 12 month price targets for KMI in the last 3 months. The average price target is $22 with a high estimate of $24 and a low estimate of $19.

Who owns KMI stock? ›

Largest shareholders include Vanguard Group Inc, BlackRock Inc., State Street Corp, Bank Of America Corp /de/, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Geode Capital Management, Llc, VFINX - Vanguard 500 Index Fund Investor Shares, XLE - The Energy Select Sector SPDR Fund, Jpmorgan Chase & Co, ...

What is KMI book value per share? ›

Kinder Morgan's current price is $21.025. Its book value per share for the quarter that ended in Jun. 2024 was $13.67. Hence, today's PB Ratio of Kinder Morgan is 1.54.

What is the 5 year forecast for Kinder Morgan stock? ›

On average, Wall Street analysts predict that Kinder Morgan's share price could reach $22.38 by Jul 30, 2025. The average Kinder Morgan stock price prediction forecasts a potential upside of 6.55% from the current KMI share price of $21.00.

Is KMI a safe investment? ›

The financial health and growth prospects of KMI, demonstrate its potential to perform inline with the market. It currently has a Growth Score of C. Recent price changes and earnings estimate revisions indicate this would not be a good stock for momentum investors with a Momentum Score of F.

Is KMI stock a buy or sell? ›

Kinder Morgan currently has an average brokerage recommendation (ABR) of 2.29 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.)

How much debt does KMI have? ›

What Is Kinder Morgan's Debt? As you can see below, Kinder Morgan had US$32.1b of debt, at March 2024, which is about the same as the year before. You can click the chart for greater detail. And it doesn't have much cash, so its net debt is about the same.

What is a better stock KMI or ENB? ›

Kinder Morgan Inc currently has a 5.5% dividend yield. Currently, Enbridge Inc (USA)'s price-earnings ratio is 20.4. Enbridge Inc (USA)'s trailing 12-month revenue is $32.0 billion with a 12.7% net profit margin. Year-over-year quarterly sales growth most recently was 8.7%.

How does KMI make money? ›

How does Kinder Morgan make money? Kinder Morgan is focused on cash flow and makes its money typically by charging fees for use of the capacity of its pipelines, terminals and other assets.

Is KMI a monthly dividend? ›

Kinder Morgan, Inc.'s ( KMI ) ex-dividend date is July 31, 2024 , which means that buyers purchasing shares on or after that date will not be eligible to receive the next dividend payment. Kinder Morgan, Inc. ( KMI ) pays dividends on a quarterly basis.

Who is the largest shareholder of Kinder Morgan? ›

In Kinder Morgan's case, its Top Key Executive, Richard Kinder, is the largest shareholder, holding 12% of shares outstanding. The Vanguard Group, Inc. is the second largest shareholder owning 9.0% of common stock, and BlackRock, Inc. holds about 6.8% of the company stock.

What is a good book value share? ›

A good book value per share is one that is above the current stock price. This means that the company is trading below its assets and would be a good investment opportunity.

What does Kinder Morgan do? ›

Kinder Morgan is one of the largest energy infrastructure companies in North America. We have an interest in or operate approximately 79,000 miles of pipelines and 139 terminals.

What is the PE ratio of KMI? ›

As of Aug 16, 2024, the KMI stock has a PE ratio of 19.34. The calculation is based on the latest EPS of $1.09 and the stock price of $21.08 per share. An increase of 16% has been observed in the PE ratio compared to its average of 16.7 of the last four quarters.

What is the future price of KMI stock? ›

Stock Price Targets
High$24.00
Median$22.00
Low$19.00
Average$22.19
Current Price$21.36

What is the price prediction for KMI? ›

Based on short-term price targets offered by 16 analysts, the average price target for Kinder Morgan comes to $22.19. The forecasts range from a low of $19.00 to a high of $24.00. The average price target represents an increase of 5.67% from the last closing price of $21.00.

Where will energy transfer stock be in 5 years? ›

On average, Wall Street analysts predict that Energy Transfer's share price could reach $20.17 by Jun 20, 2025. The average Energy Transfer stock price prediction forecasts a potential upside of 23.72% from the current ET share price of $16.30. What is ET's Earnings Per Share (EPS) forecast for 2024-2026?

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