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

Kinder Morgan, Inc. (NYSE:KMI) has earned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $29.14.

A number of equities research analysts have weighed in on the company. Truist Financial raised their price target on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Scotiabank assumed coverage on Kinder Morgan in a research report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price for the company. Wells Fargo & Company boosted their target price on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Barclays boosted their target price on Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Finally, Morgan Stanley boosted their target price on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the sale, the president now owns 861,652 shares in the company, valued at approximately $24,048,707.32. The trade was a 2.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total value of $2,011,035.65. Following the completion of the sale, the vice president now owns 220,681 shares of the company’s stock, valued at $5,881,148.65. The trade was a 25.48 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 129,461 shares of company stock worth $3,504,136. 12.64% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kinder Morgan

Several hedge funds have recently made changes to their positions in KMI. Retirement Wealth Solutions LLC purchased a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $25,000. Centricity Wealth Management LLC purchased a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $25,000. Hurley Capital LLC purchased a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $25,000. Fourth Dimension Wealth LLC purchased a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $26,000. Finally, Modus Advisors LLC purchased a new position in shares of Kinder Morgan during the fourth quarter valued at approximately $27,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Stock Down 0.7 %

Shares of NYSE KMI opened at $26.41 on Monday. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. The business has a 50-day moving average of $27.77 and a 200-day moving average of $25.36. The firm has a market capitalization of $58.67 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 3.08 and a beta of 0.94. Kinder Morgan has a 12 month low of $17.02 and a 12 month high of $31.48.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. Sell-side analysts expect that Kinder Morgan will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a $0.2875 dividend. The ex-dividend date was Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.36%. Kinder Morgan’s payout ratio is currently 98.29%.

About Kinder Morgan

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.