Kinder Morgan, Inc. (NYSE:KMI) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Kinder Morgan, Inc. (NYSE:KMI) have received an average rating of “Moderate Buy” from the eighteen ratings firms that are covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $31.25.

KMI has been the subject of a number of recent analyst reports. Morgan Stanley boosted their target price on shares of Kinder Morgan from $34.00 to $35.00 and gave the company an “equal weight” rating in a research note on Wednesday. Scotiabank lowered their price objective on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a research note on Friday, September 19th. Barclays reaffirmed an “overweight” rating and issued a $32.00 price objective (up from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a research note on Saturday, September 27th. Finally, TD Cowen assumed coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They issued a “buy” rating and a $34.00 price objective for the company.

Insider Buying and Selling

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $27.00, for a total value of $166,482.00. Following the completion of the transaction, the vice president directly owned 225,868 shares in the company, valued at approximately $6,098,436. The trade was a 2.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO David Patrick Michels sold 40,000 shares of the business’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the completion of the transaction, the chief financial officer owned 159,428 shares of the company’s stock, valued at $4,494,275.32. This represents a 20.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 128,008 shares of company stock valued at $3,553,982 over the last quarter. 12.73% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kinder Morgan

Large investors have recently added to or reduced their stakes in the company. Sierra Ocean LLC increased its holdings in shares of Kinder Morgan by 927.1% during the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock valued at $25,000 after acquiring an additional 788 shares in the last quarter. LFA Lugano Financial Advisors SA acquired a new position in shares of Kinder Morgan during the second quarter valued at about $26,000. JNBA Financial Advisors increased its holdings in shares of Kinder Morgan by 669.2% during the first quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock valued at $29,000 after acquiring an additional 870 shares in the last quarter. Cranbrook Wealth Management LLC increased its holdings in shares of Kinder Morgan by 116.1% during the second quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock valued at $31,000 after acquiring an additional 562 shares in the last quarter. Finally, Grove Bank & Trust increased its holdings in shares of Kinder Morgan by 2,913.5% during the first quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company’s stock valued at $32,000 after acquiring an additional 1,078 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Trading Up 1.0%

Shares of KMI opened at $28.50 on Tuesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. Kinder Morgan has a fifty-two week low of $23.06 and a fifty-two week high of $31.48. The stock has a market capitalization of $63.32 billion, a PE ratio of 23.36, a P/E/G ratio of 3.35 and a beta of 0.78. The company’s fifty day moving average is $27.27 and its 200 day moving average is $27.46.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.28. The business had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The business’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.26 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Sell-side analysts expect that Kinder Morgan will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were paid a $0.2925 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a yield of 4.1%. Kinder Morgan’s dividend payout ratio is 95.90%.

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.