Kinder Morgan, Inc. (NYSE:KMI) Given Consensus Rating of “Moderate Buy” by Brokerages

Kinder Morgan, Inc. (NYSE:KMI) has earned a consensus rating of “Moderate Buy” from the seventeen research firms that are presently covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $31.3333.

Several equities research analysts have recently weighed in on the company. Scotiabank reduced their price target on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a report on Friday, September 19th. Jefferies Financial Group started coverage on Kinder Morgan in a research note on Thursday, October 9th. They issued a “hold” rating and a $30.00 target price on the stock. UBS Group reissued a “buy” rating and set a $38.00 target price on shares of Kinder Morgan in a research note on Friday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kinder Morgan in a research note on Wednesday, October 8th. Finally, Morgan Stanley set a $30.00 target price on Kinder Morgan in a report on Thursday, October 9th.

Kinder Morgan Trading Down 0.4%

Shares of KMI opened at $26.72 on Friday. The company’s fifty day simple moving average is $26.95 and its 200-day simple moving average is $27.37. The company has a market cap of $59.45 billion, a P/E ratio of 21.90, a P/E/G ratio of 2.35 and a beta of 0.67. The company has a current ratio of 0.63, a quick ratio of 0.49 and a debt-to-equity ratio of 0.98. Kinder Morgan has a twelve month low of $23.94 and a twelve month high of $31.48.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 EPS for the quarter, meeting the consensus estimate of $0.29. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $3.98 billion. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The firm’s revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, analysts expect that Kinder Morgan will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were given a $0.2925 dividend. This represents a $1.17 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Monday, November 3rd. Kinder Morgan’s payout ratio is presently 95.90%.

Insider Buying and Selling at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $27.81, for a total transaction of $171,476.46. Following the transaction, the vice president directly owned 207,370 shares in the company, valued at $5,766,959.70. The trade was a 2.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Richard D. Kinder acquired 1,000,000 shares of the business’s stock in a transaction dated Monday, October 27th. The shares were bought at an average price of $25.96 per share, for a total transaction of $25,960,000.00. Following the acquisition, the chairman owned 246,212,353 shares of the company’s stock, valued at approximately $6,391,672,683.88. This represents a 0.41% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders bought 1,004,287 shares of company stock valued at $26,072,463 and sold 18,498 shares valued at $511,655. Insiders own 12.73% of the company’s stock.

Hedge Funds Weigh In On Kinder Morgan

Several hedge funds have recently made changes to their positions in the company. Creative Financial Designs Inc. ADV increased its holdings in shares of Kinder Morgan by 14.5% in the second quarter. Creative Financial Designs Inc. ADV now owns 2,818 shares of the pipeline company’s stock valued at $83,000 after purchasing an additional 357 shares during the period. L.M. Kohn & Company increased its holdings in Kinder Morgan by 3.4% in the 2nd quarter. L.M. Kohn & Company now owns 10,947 shares of the pipeline company’s stock worth $322,000 after buying an additional 360 shares during the period. Alhambra Investment Management LLC raised its position in Kinder Morgan by 2.3% during the 2nd quarter. Alhambra Investment Management LLC now owns 15,934 shares of the pipeline company’s stock worth $468,000 after buying an additional 363 shares during the last quarter. Golden State Equity Partners lifted its stake in Kinder Morgan by 2.2% during the 3rd quarter. Golden State Equity Partners now owns 17,131 shares of the pipeline company’s stock valued at $485,000 after acquiring an additional 368 shares during the period. Finally, Relyea Zuckerberg Hanson LLC boosted its holdings in shares of Kinder Morgan by 4.2% in the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 9,377 shares of the pipeline company’s stock valued at $276,000 after acquiring an additional 374 shares during the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

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.