KMI Insider Sale: VP Sells 1,550 Shares, Still Holds 48,863
Michael Garthwaite, VP and President of Products Pipelines at Kinder Morgan, sold 1,550 shares on Sept. 16. He now holds 48,863 shares. The stock is Fairly Valued near $30.80.
Michael Garthwaite, vice president and president of products pipelines at Kinder Morgan, sold 1,550 shares on Sept. 16, according to an SEC filing. He now holds 48,863 shares directly.
The sale extends a one-sided pattern. Over the trailing 12 months, Garthwaite has sold 10,850 shares in total and purchased none, the filing shows.
Broader insider activity at Kinder Morgan shows 19 insider sales against 3 insider buys over the same period, according to company SEC filings.
Kinder Morgan operates pipelines and terminals for natural gas, refined products, crude oil, and CO2. Its business relies on fee-based, take-or-pay contracts that generate stable cash flows. The Products Pipelines segment, which Garthwaite leads, handles the movement of gasoline and diesel, along with jet fuel and associated terminals.
The stock traded around $30.80 on the day of the sale, giving a market cap of roughly $70.9 billion. The price-earnings ratio of 20.54 sits above the industry median of 14.43. It sits below the company's own historical median, according to data compiled by GuruFocus.
GuruFocus's GF Value estimate for the stock is $30.55, placing it in Fairly Valued territory, the data provider said. The GF Value blends historical multiples and forward-looking analyst estimates from Morningstar.
Among 13F filers tracked by GuruFocus, eight gurus hold Kinder Morgan shares, with six adding and five trimming positions in recent quarters.
Kinder Morgan carries an Alpha Score of 59 out of 100, labeled Moderate, according to AlphaScala's proprietary scoring. The Moderate label indicates a balanced risk profile, with stable cash flows offsetting the insider selling trend. For context on how peer midstream firms compare, see Midstream MLP Scores: KMI, EPD, MPLX at Moderate Risk.
The stock trades essentially in line with its GF Value estimate, leaving no strong margin-of-safety argument on either side based on intrinsic value alone. Garthwaite's sale of 1,550 shares out of a remaining 48,863 is a routine-scale transaction rather than a wholesale exit. It fits within a year-long pattern of sales with no offsetting purchases. The broader insider trend at Kinder Morgan leans toward selling. The guru 13F data shows a slight majority of tracked institutions adding to positions. Garthwaite now holds 48,863 shares directly.
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