Kinder Morgan, Inc. (NYSE:KMI) Receives $25.09 Consensus PT from Analysts

Shares of Kinder Morgan, Inc. (NYSE:KMI) have earned an average recommendation of “Moderate Buy” from the fourteen brokerages that are covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $25.36.

KMI has been the subject of several recent analyst reports. Royal Bank of Canada raised their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. Truist Financial raised their price objective on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Stifel Nicolaus raised their price objective on shares of Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. The Goldman Sachs Group restated a “conviction-buy” rating on shares of Kinder Morgan in a research report on Friday, October 18th. Finally, Argus upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Friday, July 19th.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $27.27 on Friday. The firm has a 50-day simple moving average of $23.72 and a 200-day simple moving average of $21.40. The stock has a market capitalization of $60.58 billion, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 3.69 and a beta of 0.91. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. Kinder Morgan has a 52 week low of $16.47 and a 52 week high of $27.58.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. Kinder Morgan’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the company earned $0.25 earnings per share. On average, equities analysts predict that Kinder Morgan will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.22%. The ex-dividend date was Thursday, October 31st. Kinder Morgan’s payout ratio is 100.88%.

Insider Activity

In related news, Director C Park Shaper sold 690,142 shares of Kinder Morgan stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $24.75, for a total value of $17,081,014.50. Following the completion of the transaction, the director now owns 6,809,858 shares in the company, valued at $168,543,985.50. The trade was a 9.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Thomas A. Martin sold 19,121 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total transaction of $502,499.88. Following the completion of the transaction, the president now owns 897,652 shares of the company’s stock, valued at $23,590,294.56. This represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.64% of the company’s stock.

Institutional Trading of Kinder Morgan

Several institutional investors have recently modified their holdings of KMI. Envestnet Portfolio Solutions Inc. lifted its position in shares of Kinder Morgan by 5.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 271,569 shares of the pipeline company’s stock worth $4,981,000 after buying an additional 13,689 shares during the last quarter. LSV Asset Management purchased a new stake in shares of Kinder Morgan during the 1st quarter worth approximately $8,818,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of Kinder Morgan by 10.0% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 15,552 shares of the pipeline company’s stock worth $285,000 after buying an additional 1,416 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Kinder Morgan by 1.0% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 86,613 shares of the pipeline company’s stock worth $1,588,000 after buying an additional 891 shares during the last quarter. Finally, Tectonic Advisors LLC increased its holdings in shares of Kinder Morgan by 19.4% in the 1st quarter. Tectonic Advisors LLC now owns 12,191 shares of the pipeline company’s stock valued at $224,000 after acquiring an additional 1,985 shares during the period. Hedge funds and other institutional investors 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.