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

Shares of Kinder Morgan, Inc. (NYSE:KMI) have been given a consensus recommendation of “Moderate Buy” by the thirteen ratings firms that are covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $26.25.

A number of research firms recently issued reports on KMI. Truist Financial boosted their target price on shares of Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. Barclays upped their target price on Kinder Morgan from $24.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Morgan Stanley set a $26.00 price target on Kinder Morgan in a research report on Friday, October 18th. UBS Group upped their price objective on Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Bank of America started coverage on shares of Kinder Morgan in a report on Thursday, October 17th. They set a “buy” rating and a $27.00 target price for the company.

Kinder Morgan Stock Down 0.3 %

Kinder Morgan stock opened at $27.18 on Friday. Kinder Morgan has a fifty-two week low of $16.47 and a fifty-two week high of $28.81. The company has a market cap of $60.38 billion, a PE ratio of 23.84, a PEG ratio of 3.87 and a beta of 0.95. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. The business’s 50-day simple moving average is $26.67 and its two-hundred day simple moving average is $23.19.

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

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend was Thursday, October 31st. Kinder Morgan’s dividend payout ratio is presently 100.88%.

Insiders Place Their Bets

In related news, Director C Park Shaper sold 690,142 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the transaction, the director now directly owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. The trade was a 9.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Amy W. Chronis purchased 2,241 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was bought at an average price of $24.89 per share, with a total value of $55,778.49. Following the completion of the transaction, the director now directly owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders sold 727,263 shares of company stock worth $18,075,634. Corporate insiders own 12.64% of the company’s stock.

Institutional Trading of Kinder Morgan

Institutional investors have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. boosted its holdings in Kinder Morgan by 0.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 90,560 shares of the pipeline company’s stock valued at $2,000,000 after acquiring an additional 414 shares during the period. SignalPoint Asset Management LLC increased its stake in Kinder Morgan by 1.5% during the 3rd quarter. SignalPoint Asset Management LLC now owns 30,059 shares of the pipeline company’s stock worth $655,000 after buying an additional 447 shares during the period. Moors & Cabot Inc. boosted its position in Kinder Morgan by 0.3% in the 3rd quarter. Moors & Cabot Inc. now owns 144,529 shares of the pipeline company’s stock valued at $3,193,000 after buying an additional 468 shares during the period. Trust Co. of Oklahoma increased its position in shares of Kinder Morgan by 1.5% during the third quarter. Trust Co. of Oklahoma now owns 33,586 shares of the pipeline company’s stock worth $742,000 after acquiring an additional 486 shares during the period. Finally, Pinnacle West Asset Management Inc. grew its stake in Kinder Morgan by 0.5% during the 3rd quarter. Pinnacle West Asset Management Inc. now owns 96,150 shares of the pipeline company’s stock worth $2,124,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

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.