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Michael C. Morgan, a director at Kinder Morgan , Inc. (NYSE:KMI), has recently sold a significant portion of his holdings in the company. According to a recent SEC filing, Morgan sold a total of 160,000 shares of Kinder Morgan stock on February 19, 2025. The shares were sold at prices ranging from $26.83 to $26.88 per share, amounting to a total transaction value of approximately $4.3 million. The transaction comes as Kinder Morgan, currently valued at $59.2 billion, maintains a strong dividend yield of 4.3% and has raised its dividend for 7 consecutive years, according to InvestingPro data.
Following these transactions, Morgan retains ownership of 3,400,000 shares through Portcullis Partners, LP, and an additional 285,087 shares through a trust. Additionally, he holds 22,811 shares via a family trust. These sales represent Morgan’s continued management of his investment portfolio, although he still maintains a substantial stake in the company. The stock has shown impressive performance with a 64% return over the past year, though InvestingPro analysis suggests the stock is currently trading near its Fair Value. Investors can access 8 additional exclusive ProTips and comprehensive analysis through the Pro Research Report, available for over 1,400 US stocks.
In other recent news, Kinder Morgan Inc. reported its financial outlook for 2025, highlighting a projected adjusted EBITDA of approximately $8.1 billion, driven by growth in its natural gas pipeline segment and CO2 business. The company anticipates generating around $2.7 billion in free cash flow after capital expenditures, including maintenance capital. In a strategic move, ArcLight Capital Partners (WA:CPAP) acquired a 25% stake in the Gulf Coast Express Pipeline, which is operated by Kinder Morgan, for $865 million. This acquisition aligns with ArcLight’s strategy to invest in essential natural gas infrastructure.
Additionally, Kinder Morgan’s outlook was upgraded to positive by S&P Global, maintaining its ’BBB’ credit rating, due to the company’s strong balance sheet and conservative growth strategy. Meanwhile, Stifel analysts maintained a Hold rating on Kinder Morgan stock with a price target of $27, following the company’s fourth-quarter earnings, which slightly missed their expectations. Despite this, Kinder Morgan’s project backlog increased significantly to $8.1 billion, indicating robust future growth potential.
The company also announced amendments to its bylaws to streamline governance and shareholder engagement processes, which include changes to director nomination procedures and proxy solicitation rules. Kinder Morgan plans to continue increasing its dividend for the eighth consecutive year, supported by its stable cash flows and disciplined project investments. The company remains focused on expanding its energy transition portfolio, including investments in renewable natural gas and carbon capture projects.
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