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

Kinder Morgan, Inc. (NYSE:KMIGet Free Report) has been given a consensus rating of “Hold” by the nineteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $35.0769.

A number of research firms recently commented on KMI. Citigroup upped their price target on shares of Kinder Morgan from $28.00 to $33.00 and gave the company a “neutral” rating in a report on Monday, March 30th. Jefferies Financial Group restated a “hold” rating on shares of Kinder Morgan in a research report on Thursday. Weiss Ratings downgraded shares of Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, June 23rd. Wells Fargo & Company increased their target price on shares of Kinder Morgan from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Wolfe Research cut Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st.

Get Our Latest Research Report on Kinder Morgan

Kinder Morgan Price Performance

Shares of Kinder Morgan stock opened at $32.87 on Monday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.46 and a quick ratio of 0.41. Kinder Morgan has a one year low of $25.60 and a one year high of $34.81. The business’s 50 day simple moving average is $32.26 and its two-hundred day simple moving average is $31.86. The stock has a market capitalization of $73.13 billion, a P/E ratio of 21.07, a price-to-earnings-growth ratio of 2.69 and a beta of 0.54.

Kinder Morgan (NYSE:KMIGet Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.The firm had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same quarter in the prior year, the firm posted $0.28 earnings per share. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Analysts forecast that Kinder Morgan will post 1.52 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be issued a $0.2975 dividend. The ex-dividend date is Monday, August 3rd. This represents a $1.19 annualized dividend and a yield of 3.6%. Kinder Morgan’s dividend payout ratio (DPR) is 76.28%.

Key Headlines Impacting Kinder Morgan

Here are the key news stories impacting Kinder Morgan this week:

Insider Buying and Selling

In related news, VP Michael P. Garthwaite sold 1,550 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $31.44, for a total value of $48,732.00. Following the completion of the sale, the vice president owned 41,743 shares of the company’s stock, valued at $1,312,399.92. This trade represents a 3.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction on Monday, July 6th. The shares were sold at an average price of $31.90, for a total transaction of $196,695.40. Following the completion of the sale, the vice president owned 164,208 shares in the company, valued at approximately $5,238,235.20. This trade represents a 3.62% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 21,598 shares of company stock worth $693,689. Corporate insiders own 12.72% of the company’s stock.

Institutional Investors Weigh In On Kinder Morgan

Institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank bought a new position in Kinder Morgan in the fourth quarter worth about $1,132,125,000. AQR Capital Management LLC lifted its holdings in Kinder Morgan by 431.9% in the third quarter. AQR Capital Management LLC now owns 6,569,082 shares of the pipeline company’s stock worth $185,971,000 after buying an additional 5,333,986 shares during the period. Merewether Investment Management LP bought a new stake in Kinder Morgan during the 2nd quarter valued at approximately $138,477,000. Zimmer Partners LP grew its holdings in shares of Kinder Morgan by 177.8% during the 3rd quarter. Zimmer Partners LP now owns 6,070,100 shares of the pipeline company’s stock worth $171,845,000 after acquiring an additional 3,885,000 shares during the period. Finally, Eurizon Capital SGR S.p.A. purchased a new position in shares of Kinder Morgan during the 4th quarter worth approximately $85,364,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

About Kinder Morgan

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Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.

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Analyst Recommendations for Kinder Morgan (NYSE:KMI)

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