Kinder Morgan, Inc. (NYSE: KMI) disclosed that John W. Schlosser, President of Terminals, sold 6,200 shares of the company's Class P common stock on November 10, 2026. The transaction was valued at $192,200, with shares priced at $31.00 each. Following the sale, Schlosser directly holds 158,008 shares of Kinder Morgan common stock.
The sale was conducted pursuant to a 10b5-1 trading plan, which Schlosser adopted on July 30, 2026. Such plans allow company insiders to set up pre-arranged transactions to sell shares at predetermined times, providing a defense against allegations of trading on material nonpublic information.
Kinder Morgan's stock last traded at $31.19. According to an analysis, the shares appear undervalued, with a Fair Value estimated at $32.26. The company offers a dividend yield of 3.89% and has increased its dividend for nine consecutive years, according to the same analysis, which tracks eight additional professional tips for KMI.
In separate developments, Kinder Morgan reported third-quarter 2026 results, posting adjusted net income of $792 million, or $0.35 per share. This represents a 21% increase from the prior-year period and surpassed both the Argus estimate of $0.34 and the StreetAccount estimate of $0.32 per share. The company's project backlog expanded significantly to approximately $14.4 billion, with the Southeast Connector Project and Permian Link contributing to the growth.
Analysts have recently adjusted their views on Kinder Morgan. UBS reiterated a Buy rating with a $43 price target, highlighting the company's project backlog growth. Argus raised its price target to $40 while maintaining a Buy rating, citing strong earnings. Freedom Broker upgraded the stock to Buy from Hold, pointing to strong third-quarter results and increased revenue driven by higher LNG-related and intrastate natural gas volumes. Mizuho raised its price target to $39 and maintained an Outperform rating following the announcement of $4.9 billion in new projects. Stifel maintained a Hold rating with a $35 price target, noting the strong quarterly performance and benefits from increased natural gas volumes.
Kinder Morgan's stock closed at $31.19, up $0.62 or 2.03%, on the day of the disclosure. In after-hours trading, the shares edged up $0.03 or 0.10% to $31.22.
The sale by Schlosser represents a routine insider transaction under a pre-established plan. It is one of several recent developments for the midstream energy company, which has drawn analyst attention for its project backlog and quarterly performance.