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

Kinder Morgan, Inc. (NYSE:KMI) has been assigned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $29.23.

A number of equities analysts recently commented on the company. The Goldman Sachs Group lifted their price target on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Mizuho lifted their target price on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Truist Financial raised their price target on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Royal Bank of Canada upped their price objective on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a report on Tuesday, October 22nd. Finally, Bank of America started coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They set a “buy” rating and a $27.00 target price for the company.

Kinder Morgan Stock Down 9.5 %

KMI stock opened at $27.39 on Thursday. The company has a market cap of $60.86 billion, a price-to-earnings ratio of 23.41, a P/E/G ratio of 4.13 and a beta of 0.94. Kinder Morgan has a twelve month low of $16.47 and a twelve month high of $31.48. The business has a 50 day moving average price of $28.03 and a two-hundred day moving average price of $24.50. 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 (NYSE:KMI) last issued its 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 return on equity of 8.10% and a net margin of 17.31%. Analysts anticipate that Kinder Morgan will post 1.27 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a $0.2875 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.20%. Kinder Morgan’s dividend payout ratio is presently 98.29%.

Insider Buying and Selling

In other news, Director Amy W. Chronis acquired 2,241 shares of the 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 purchase, the director now directly owns 23,995 shares of the company’s stock, valued at $597,235.55. This represents a 10.30 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Thomas A. Martin sold 19,121 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total transaction of $502,499.88. Following the transaction, the president now directly owns 897,652 shares of the company’s stock, valued at $23,590,294.56. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,121 shares of company stock valued at $1,497,000 over the last quarter. 12.64% of the stock is owned by company insiders.

Institutional Investors Weigh In On Kinder Morgan

A number of institutional investors have recently made changes to their positions in the stock. Retirement Wealth Solutions LLC acquired a new position in shares of Kinder Morgan in the 4th quarter worth approximately $25,000. Modus Advisors LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at about $27,000. Northwest Investment Counselors LLC acquired a new stake in Kinder Morgan in the third quarter valued at approximately $28,000. Heck Capital Advisors LLC bought a new stake in Kinder Morgan during the 4th quarter valued at $29,000. Finally, HWG Holdings LP acquired a new stake in shares of Kinder Morgan in the 2nd quarter worth about $30,000. 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.