Kinder Morgan president Martin sells $498,520 in stock

Published 07/02/2025, 00:10
Kinder Morgan president Martin sells $498,520 in stock

HOUSTON—Thomas A. Martin, President of Kinder Morgan , Inc. (NYSE:KMI), recently sold 18,000 shares of the company’s Class P common stock, according to a filing with the Securities and Exchange Commission. The shares were sold at a weighted average price of $27.6956, amounting to a total transaction value of $498,520. The transaction comes as the $59.5 billion energy infrastructure company has delivered an impressive 69% return over the past year, with a current dividend yield of 4.3%.

These sales were conducted under a pre-established 10b5-1 trading plan, which Martin adopted on August 2, 2024. Following this transaction, Martin holds 843,652 shares directly. Additionally, he has an indirect interest in 277,950 shares held in a trust for family members, over which he shares voting and disposition power, although he disclaims beneficial ownership of these shares. According to InvestingPro, KMI currently trades at a P/E ratio of 22.7, suggesting a premium valuation relative to near-term earnings growth. InvestingPro subscribers have access to 10 additional key insights about KMI’s valuation and growth prospects.

The sales were executed in multiple transactions, with individual prices ranging from $27.575 to $27.855 per share. The stock has maintained consistent dividend payments for 15 consecutive years, reflecting strong financial stability.

In other recent news, Kinder Morgan Inc. outlined its 2025 business plan, projecting continued growth based on strong fundamentals. The company forecasts a growth in adjusted earnings per share (EPS) and adjusted EBITDA by 7% and 5% year-over-year, respectively, and anticipates generating $5.9 billion in cash flow from operations (CFFO) and $2.8 billion in free cash flow in 2025. Concurrently, ArcLight Capital Partners (WA:CPAP), LLC acquired a 25% equity interest in the Gulf Coast Express Pipeline LLC from an affiliate of Phillips 66 (NYSE:PSX), with Kinder Morgan’s subsidiary continuing to operate the pipeline.

In other developments, Kinder Morgan’s Board of Directors approved amendments to its bylaws aimed at streamlining corporate governance and shareholder engagement processes. Stifel analysts maintained their Hold rating on Kinder Morgan’s stock with a price target of $27.00, following the company’s fourth-quarter financial results for 2024 which fell slightly short of Stifel’s expectations. Meanwhile, Mizuho (NYSE:MFG) Securities reiterated its Outperform rating on Kinder Morgan with a steady price target of $33.00, despite the company’s adjusted EBITDA falling short of both Mizuho Securities USA and consensus estimates. These recent developments underline Kinder Morgan’s sustained growth and strong earnings.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.