Michael P. Garthwaite, Vice President (President, Products Pipelines) at Kinder Morgan, Inc. (NYSE:KMI), sold 1,550 shares of the company's Class P Common Stock on May 18, 2026. The total value of the shares disposed of amounted to $52,151.
The shares were sold in multiple transactions at prices ranging from $33.52 to $33.75 per share, with a weighted average price of $33.646. This transaction was executed pursuant to a pre-arranged 10b5-1 trading plan, which Mr. Garthwaite adopted on December 9, 2025.
The timing of the sale comes as Kinder Morgan stock trades near its 52-week high of $34.80, with shares posting a 27% year-to-date return. According to Bond.az analysis, the stock currently appears overvalued relative to its Fair Value. The company, valued at $76.8 billion, offers investors a 3.47% dividend yield.
Following this sale, Mr. Garthwaite directly holds 43,293 shares of Kinder Morgan's Class P Common Stock.
In other recent news, Kinder Morgan reported impressive financial results for the first quarter of 2026, with earnings per share reaching $0.48, surpassing the forecasted $0.39. This 23.08% earnings surprise was complemented by revenue figures hitting $4.83 billion, exceeding the anticipated $4.63 billion. Additionally, Jefferies adjusted its price target for Kinder Morgan shares, lowering it to $34 from $36, while maintaining a Hold rating.
