Kinder Morgan, Inc. (NYSE:KMI) Receives $29.64 Average PT from Analysts

Kinder Morgan, Inc. (NYSE:KMI) has been assigned a consensus rating of “Moderate Buy” from the fifteen research firms that are presently covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $29.64.

A number of analysts have weighed in on KMI shares. Barclays raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price target for the company in a research report on Monday, March 3rd. JPMorgan Chase & Co. boosted their target price on Kinder Morgan from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, March 5th. Mizuho upped their target price on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Wells Fargo & Company lifted their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, UBS Group upped their price objective on shares of Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, January 27th.

Insiders Place Their Bets

In other news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total value of $498,600.00. Following the sale, the president now directly owns 843,652 shares in the company, valued at approximately $23,369,160.40. This represents a 2.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP John W. Schlosser sold 75,461 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the transaction, the vice president now owns 220,681 shares of the company’s stock, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 129,461 shares of company stock worth $3,506,116 over the last 90 days. Corporate insiders own 12.64% of the company’s stock.

Institutional Trading of Kinder Morgan

Several hedge funds have recently modified their holdings of KMI. Tower Wealth Partners Inc. acquired a new stake in Kinder Morgan during the 1st quarter valued at $210,000. KRS Capital Management LLC lifted its position in Kinder Morgan by 3.8% during the 1st quarter. KRS Capital Management LLC now owns 14,306 shares of the pipeline company’s stock worth $408,000 after buying an additional 521 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Kinder Morgan by 15.9% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 31,051 shares of the pipeline company’s stock worth $886,000 after acquiring an additional 4,254 shares during the last quarter. Portside Wealth Group LLC acquired a new position in shares of Kinder Morgan during the first quarter worth approximately $203,000. Finally, Contravisory Investment Management Inc. increased its holdings in shares of Kinder Morgan by 13.7% in the first quarter. Contravisory Investment Management Inc. now owns 12,617 shares of the pipeline company’s stock valued at $360,000 after purchasing an additional 1,520 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Trading Up 2.5 %

NYSE:KMI opened at $26.43 on Tuesday. 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 company has a market capitalization of $58.73 billion, a P/E ratio of 22.59, a P/E/G ratio of 3.08 and a beta of 0.72. The stock’s 50 day moving average price is $26.95 and its 200 day moving average price is $26.77. Kinder Morgan has a 52 week low of $17.61 and a 52 week high of $31.48.

Kinder Morgan (NYSE:KMI) last released 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%. On average, research analysts forecast that Kinder Morgan will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a $0.2875 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.35%. Kinder Morgan’s dividend payout ratio (DPR) is currently 98.29%.

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.