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

Kinder Morgan, Inc. (NYSE:KMI) has received a consensus rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $26.25.

A number of equities research analysts have recently weighed in on KMI shares. UBS Group lifted 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. Barclays lifted their price objective on Kinder Morgan from $24.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. Bank of America assumed coverage on Kinder Morgan in a research report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price objective on the stock. Royal Bank of Canada lifted their price target on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. Finally, Truist Financial lifted their price target on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research report on Thursday, October 17th.

Kinder Morgan Price Performance

KMI opened at $28.27 on Friday. The firm has a market cap of $62.81 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 3.87 and a beta of 0.94. Kinder Morgan has a 1 year low of $16.47 and a 1 year high of $28.81. The stock’s 50 day simple moving average is $26.96 and its 200 day simple moving average is $23.44. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35.

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

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date of this dividend was Thursday, October 31st. Kinder Morgan’s payout ratio is 100.88%.

Insider Buying and Selling at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction 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 transaction, the president now owns 861,652 shares in the company, valued at $24,048,707.32. The trade was a 2.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Amy W. Chronis purchased 2,241 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was acquired at an average price of $24.89 per share, with a total value of $55,778.49. Following the purchase, the director now directly owns 23,995 shares of the company’s stock, valued at approximately $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 745,263 shares of company stock worth $18,578,014. 12.64% of the stock is owned by insiders.

Institutional Trading of Kinder Morgan

A number of hedge funds have recently bought and sold shares of KMI. Allspring Global Investments Holdings LLC increased its position in Kinder Morgan by 5.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 97,930 shares of the pipeline company’s stock valued at $1,946,000 after acquiring an additional 4,815 shares during the last quarter. Principal Financial Group Inc. increased its position in Kinder Morgan by 4.6% during the second quarter. Principal Financial Group Inc. now owns 2,219,720 shares of the pipeline company’s stock valued at $44,106,000 after acquiring an additional 97,827 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Kinder Morgan by 0.6% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 193,155 shares of the pipeline company’s stock valued at $3,838,000 after acquiring an additional 1,076 shares during the last quarter. Concurrent Investment Advisors LLC increased its position in Kinder Morgan by 34.9% during the second quarter. Concurrent Investment Advisors LLC now owns 107,509 shares of the pipeline company’s stock valued at $2,136,000 after acquiring an additional 27,813 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in Kinder Morgan by 2.4% during the second quarter. Commonwealth Equity Services LLC now owns 863,945 shares of the pipeline company’s stock valued at $17,167,000 after acquiring an additional 20,461 shares during the last quarter. Hedge funds and other 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.