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

Shares of Kinder Morgan, Inc. (NYSE:KMI) have received a consensus rating of “Moderate Buy” from the fifteen brokerages that are currently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $29.64.

A number of equities analysts have recently commented on KMI shares. Truist Financial raised their price objective on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. The Goldman Sachs Group lifted their price objective on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. UBS Group increased their target price on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Barclays raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price target on the stock in a research note on Monday, March 3rd. Finally, Royal Bank of Canada increased their price objective on Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research note on Monday, March 3rd.

Kinder Morgan Trading Down 1.0 %

Kinder Morgan stock opened at $27.51 on Friday. Kinder Morgan has a 52 week low of $17.61 and a 52 week high of $31.48. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.39 and a current ratio of 0.49. The firm has a market capitalization of $61.13 billion, a PE ratio of 23.52, a PEG ratio of 3.08 and a beta of 0.94. The business’s 50-day simple moving average is $27.59 and its 200-day simple moving average is $26.02.

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

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd were given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.18%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s payout ratio is 98.29%.

Insider Activity

In other news, VP John W. Schlosser sold 75,461 shares of the firm’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 transaction of $2,011,035.65. Following the transaction, the vice president now directly owns 220,681 shares of the company’s stock, valued at approximately $5,881,148.65. This trade represents a 25.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the sale, the president now owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. The trade was a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 129,461 shares of company stock valued at $3,490,996. 12.64% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kinder Morgan

A number of hedge funds have recently added to or reduced their stakes in KMI. Assetmark Inc. increased its position in shares of Kinder Morgan by 50.6% in the third quarter. Assetmark Inc. now owns 4,313 shares of the pipeline company’s stock worth $95,000 after purchasing an additional 1,450 shares during the period. Ashton Thomas Securities LLC bought a new position in Kinder Morgan in the 3rd quarter valued at about $42,000. Apollon Wealth Management LLC raised its position in shares of Kinder Morgan by 16.8% in the 3rd quarter. Apollon Wealth Management LLC now owns 85,992 shares of the pipeline company’s stock valued at $1,900,000 after buying an additional 12,354 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Kinder Morgan by 0.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company’s stock valued at $101,422,000 after buying an additional 29,861 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC boosted its position in shares of Kinder Morgan by 34.4% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 50,001 shares of the pipeline company’s stock worth $1,105,000 after acquiring an additional 12,811 shares in the last quarter. 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.