Kinder Morgan, Inc. (NYSE:KMI) Receives Average Rating of “Hold” from Brokerages

Shares of Kinder Morgan, Inc. (NYSE:KMI) have been given a consensus rating of “Hold” by the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $20.20.

KMI has been the topic of several research reports. Truist Financial reiterated a “hold” rating and set a $20.00 price target (down previously from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. StockNews.com cut shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st.

Kinder Morgan Stock Performance

NYSE:KMI opened at $18.82 on Tuesday. The company has a quick ratio of 0.28, a current ratio of 0.50 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $41.77 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 5.32 and a beta of 0.90. Kinder Morgan has a 12-month low of $15.89 and a 12-month high of $18.92. The firm has a 50-day moving average price of $17.82 and a 200 day moving average price of $17.42.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, meeting analysts’ consensus estimates of $0.34. The firm had revenue of $3.84 billion for the quarter, compared to analyst estimates of $4.36 billion. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 earnings per share. Research analysts anticipate that Kinder Morgan will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.11%. The ex-dividend date is Monday, April 29th. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s payout ratio is currently 102.73%.

Institutional Investors Weigh In On Kinder Morgan

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in Kinder Morgan by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 30,187,667 shares of the pipeline company’s stock worth $506,320,000 after acquiring an additional 317,980 shares during the period. Norges Bank acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $409,063,000. Northern Trust Corp boosted its stake in shares of Kinder Morgan by 3.0% in the third quarter. Northern Trust Corp now owns 22,297,204 shares of the pipeline company’s stock valued at $369,688,000 after buying an additional 639,467 shares during the period. Invesco Ltd. grew its position in Kinder Morgan by 29.4% during the third quarter. Invesco Ltd. now owns 21,438,556 shares of the pipeline company’s stock worth $355,451,000 after buying an additional 4,870,444 shares in the last quarter. Finally, Morgan Stanley increased its stake in Kinder Morgan by 4.1% during the 3rd quarter. Morgan Stanley now owns 20,400,093 shares of the pipeline company’s stock worth $338,234,000 after acquiring an additional 796,829 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.