Michael Garthwaite Sells Kinder Morgan Shares
Kinder Morgan VP Michael Garthwaite sold 1,550 shares on June 16, 2026.
Key Points
- Michael Garthwaite, VP of Kinder Morgan, sold 1,550 shares on June 16, 2026, at $31.44 each, totaling $48,732.
- Kinder Morgan, trading at $31.44, has a market cap of $69.9 billion and a P/E ratio of 21.1.
- Institutional investors like BlackRock and State Street also adjusted their positions in Kinder Morgan recently.
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Michael Garthwaite, Vice President of Kinder Morgan, Inc., sold 1,550 shares of the company on June 16, 2026. The shares were sold at an average price of $31.44, amounting to a total transaction value of $48,732. This sale was part of a planned transaction under Rule 10b5-1.
What Changed in Michael Garthwaite's Kinder Morgan Position
Garthwaite's sale of 1,550 shares is a planned transaction, as indicated by the filing. He has been actively managing his holdings in Kinder Morgan, with several similar transactions in recent months.
Other Institutional Activity in Kinder Morgan
BlackRock, Inc. increased its holdings in Kinder Morgan by 1,231,278 shares, bringing its total to 173,959,103 shares valued at approximately $5.83 billion. State Street Corp added 8,641,524 shares, ending with 125,501,841 shares worth about $4.21 billion. Bank of America Corp also grew its position, adding 836,571 shares to hold a total of 62,018,394 shares valued at $2.08 billion.
Kinder Morgan, Inc. Stock Down 0.7%
Shares of NYSE:KMI traded at $31.44. Kinder Morgan has a market cap of approximately $69.9 billion, with a P/E ratio of 21.1. The stock's 52-week range is between $25.60 and $34.81, with a 50-day moving average of $32.17 and a 200-day moving average of $29.72. The company has a beta of 0.539, indicating lower volatility compared to the market.
Recent Earnings
Kinder Morgan reported revenue of $17.52 billion, with a revenue growth of 13.8%. The company achieved a net margin of 18.9% and a return on equity of 10.6%. Earnings per share stood at $1.49. The next earnings report is expected on July 15, 2026.
Dividend
Kinder Morgan pays an annual dividend rate of $1.18, yielding 3.74%. The dividend payout ratio is 78.5%, reflecting a significant portion of earnings returned to shareholders.
Insider Buying and Selling at Kinder Morgan, Inc.
In addition to Garthwaite's planned sale, John Schlosser, another Vice President at Kinder Morgan, sold 6,166 shares on June 5, 2026, at an average price of $31.83, also as part of a planned transaction.
Analysts Set New Price Targets
On April 23, 2026, Jefferies maintained a 'hold' rating on Kinder Morgan with a price target of $34. Citigroup and RBC Capital also maintained 'hold' ratings with targets of $33 and $35, respectively. The consensus among analysts is a 'buy' recommendation, with a mean target price of $35.33.
About Kinder Morgan
Kinder Morgan, Inc. is a leading energy infrastructure company based in Houston, Texas. It primarily operates in North America, focusing on natural gas pipelines, products pipelines, terminals, and CO2 segments. The company is led by CEO Kimberly Allen Dang and employs over 11,000 people.
Bottom Line
Michael Garthwaite's recent sale of Kinder Morgan shares is part of a planned strategy, reflecting ongoing management of personal holdings. Kinder Morgan remains a significant player in the energy infrastructure sector, with strong institutional interest and a steady dividend yield. Investors should note that insider transactions like these are filed after the fact and may not indicate future moves.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.