Michael P. Garthwaite, who serves as Vice President and President, Products Pipelines at Kinder Morgan, Inc. (NYSE: KMI), executed a sale of 1,550 shares of Class P common stock on April 16, 2026, according to a Form 4 filed with the Securities and Exchange Commission.
The sale generated proceeds of $49,167 based on a weighted average sale price of $31.721 per share. The execution prices for the traded lots ranged between $31.695 and $31.765. The transaction was carried out under a pre-arranged 10b5-1 trading plan that Garthwaite adopted on December 9, 2025. After the sale, Garthwaite is reported to directly hold 44,843 shares of Kinder Morgan stock.
At the time of the report, Kinder Morgan shares were trading at $32.02 and the stock has returned 22% over the past year. Those price and return figures provide market context for the file-backed disclosure of the insider sale.
Beyond the insider trade, several firm-level and market updates were recorded that present a mixed set of signals for investors tracking KMI.
- Raymond James adjusted its estimates upward, citing favorable weather and stronger volumes seen in late January, and moved its first-quarter 2026 EBITDA estimate to $2.350 billion.
- Phillips 66 and Kinder Morgan extended the open season for the Western Gateway Pipeline through April 15, offering additional time for potential shippers to evaluate participation and secure necessary approvals.
- Truist Securities initiated coverage on Kinder Morgan with a hold rating and a price target of $38.00, which corresponds to an implied 11.8x 2026 estimated EV/EBITDA multiple as stated by the firm.
- Stifel raised its price target on Kinder Morgan to $33 from $30 while maintaining a hold rating, and based that adjustment on 2027 projections.
- Wolfe Research issued a cautionary note on energy stocks generally, including Kinder Morgan, suggesting the possibility of a pullback after a strong year-to-date performance for the sector.
Investors who use InvestingPro tools are shown that Kinder Morgan has increased its dividend for eight consecutive years and that the current dividend yield stands at 3.68%. The platform additionally notes a set of ProTips and comprehensive Pro Research Reports that cover KMI and a broad set of U.S. equities.
The reported insider sale was completed through an established trading plan, a mechanism frequently used by corporate insiders to execute trades at preset intervals or prices. The broader company updates - analyst revisions, open season extensions, and sector commentary - present a mixed backdrop rather than a single directional signal. The direct holding remaining with the executive and the company-level items provide data points investors can factor into their assessment of Kinder Morgan's near-term operational and market position.