Kinder Morgan (NYSE: KMI) reported an insider sale in early April when Vice President John W. Schlosser, who serves as President, Terminals, sold 6,166 shares of Class P Common Stock on April 6, 2026. The proceeds from the transaction totaled approximately $203,071, with a weighted average sale price of $32.934 per share; individual trade prices ranged from $32.8501 to $33.015 per share.
Following this disposition, Schlosser retains direct ownership of 182,706 shares of Kinder Morgan stock. The sale was executed pursuant to a previously adopted 10b5-1 trading arrangement that was put in place on May 7, 2025.
The insider trade took place as KMI shares were trading at $33.19, a level close to the company’s 52-week high of $34.73. Over the prior 12 months the stock has delivered a 36.9% total return. InvestingPro analysis included in the company research indicates that the stock appears overvalued at current levels relative to its Fair Value. The company offers a 3.53% dividend yield and has raised its dividend for eight consecutive years - one of 12+ InvestingPro Tips available for deeper analysis in the comprehensive Pro Research Report.
Market commentary and analyst activity around Kinder Morgan have been active lately. Raymond James raised its financial estimates for the company, citing favorable weather and higher volumes observed in late January, and adjusted its first-quarter 2026 EBITDA estimate to $2.350 billion. In related commercial activity, Phillips 66 and Kinder Morgan extended the open season for the Western Gateway Pipeline to April 15 to give potential shippers additional time for commercial evaluations and approvals.
On the equity research front, Truist Securities initiated coverage of Kinder Morgan with a Hold rating and a $38.00 price target, a level the firm said reflects an 11.8x 2026 estimated EV/EBITDA multiple. Wolfe Research has signaled caution on energy stocks broadly, including Kinder Morgan, suggesting a possible pullback after a notable year-to-date advance. Stifel has lifted its price target on Kinder Morgan to $33 from $30 while maintaining a Hold rating based on its 2027 outlook.
These developments - the insider sale under a 10b5-1 plan, mixed analyst actions, a near-term pipeline commercial milestone, and valuation commentary from InvestingPro - offer shareholders additional data points on the company’s recent activity and current market positioning. The disclosed sale amount, the trading plan adoption date, the analyst revisions and pipeline timeline are confirmed by the company filings and research notes referenced here.
Summary
John W. Schlosser sold 6,166 Class P shares on April 6, 2026, under a 10b5-1 plan adopted May 7, 2025, realizing roughly $203,071 at a weighted average price of $32.934. He retains 182,706 shares. KMI shares trade near $33.19, close to a 52-week high, and recent analyst moves and pipeline open-season developments provide updated context on the company’s near-term outlook.
Key points
- The insider sale comprised 6,166 shares at a weighted average of $32.934, with individual prices between $32.8501 and $33.015.
- Kinder Morgan shares trade near $33.19, close to a 52-week high of $34.73, and have returned 36.9% over the past year.
- Analyst and corporate developments include Raymond James lifting Q1 2026 EBITDA to $2.350 billion, an extended Western Gateway Pipeline open season to April 15, Truist’s Hold initiation with a $38 target, Wolfe Research’s caution, and Stifel’s $33 price target while keeping a Hold rating.
Risks and uncertainties
- Valuation risk - InvestingPro analysis indicates the stock appears overvalued relative to its Fair Value at current market levels.
- Market sentiment risk - Wolfe Research warns of a potential pullback after the recent year-to-date surge in energy stocks, which could affect Kinder Morgan’s share performance.
- Operational and commercial timing - The extension of the Western Gateway Pipeline open season to April 15 means commercial commitments and approvals remain subject to further evaluation and timing.