Brokerages Set Kinder Morgan, Inc. (NYSE:KMI) Target Price at $34.33

Shares of Kinder Morgan, Inc. (NYSE:KMIGet Free Report) have received an average recommendation of “Hold” from the seventeen analysts that are currently covering the stock, Marketbeat reports. Ten equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $34.3333.

A number of analysts recently issued reports on KMI shares. Citigroup boosted their price target on Kinder Morgan from $28.00 to $33.00 and gave the company a “neutral” rating in a report on Monday, March 30th. Freedom Capital upgraded Kinder Morgan from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 28th. Wolfe Research lowered Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday. TD Cowen boosted their price target on Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Finally, Wells Fargo & Company boosted their price target on Kinder Morgan from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, March 13th.

Read Our Latest Analysis on KMI

Kinder Morgan News Roundup

Here are the key news stories impacting Kinder Morgan this week:

Insider Buying and Selling

In other Kinder Morgan news, Director William A. Smith purchased 3,000 shares of Kinder Morgan stock in a transaction dated Monday, February 2nd. The shares were acquired at an average cost of $29.75 per share, with a total value of $89,250.00. Following the completion of the transaction, the director owned 31,087 shares in the company, valued at approximately $924,838.25. This trade represents a 10.68% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Anthony B. Ashley sold 8,000 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $31.95, for a total value of $255,600.00. Following the transaction, the vice president directly owned 100,146 shares in the company, valued at approximately $3,199,664.70. The trade was a 7.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 29,598 shares of company stock worth $952,572 in the last three months. Corporate insiders own 12.72% of the company’s stock.

Hedge Funds Weigh In On Kinder Morgan

A number of large investors have recently made changes to their positions in the business. TD Capital Management LLC increased its position in shares of Kinder Morgan by 36.0% during the fourth quarter. TD Capital Management LLC now owns 1,220 shares of the pipeline company’s stock worth $34,000 after purchasing an additional 323 shares in the last quarter. Loomis Sayles & Co. L P increased its position in shares of Kinder Morgan by 13.0% during the fourth quarter. Loomis Sayles & Co. L P now owns 2,860 shares of the pipeline company’s stock worth $79,000 after purchasing an additional 329 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of Kinder Morgan by 4.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 8,445 shares of the pipeline company’s stock valued at $232,000 after acquiring an additional 333 shares during the period. Waddell & Associates LLC increased its position in shares of Kinder Morgan by 1.3% in the 4th quarter. Waddell & Associates LLC now owns 26,206 shares of the pipeline company’s stock valued at $720,000 after acquiring an additional 336 shares during the period. Finally, Abbot Financial Management Inc. grew its holdings in Kinder Morgan by 0.8% during the fourth quarter. Abbot Financial Management Inc. now owns 44,707 shares of the pipeline company’s stock worth $1,229,000 after acquiring an additional 338 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Trading Up 1.0%

KMI opened at $31.89 on Friday. The stock has a market cap of $70.94 billion, a price-to-earnings ratio of 23.28, a P/E/G ratio of 2.87 and a beta of 0.64. The stock’s 50 day moving average price is $32.92 and its 200-day moving average price is $29.44. Kinder Morgan has a one year low of $25.60 and a one year high of $34.73. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.50 and a current ratio of 0.64.

Kinder Morgan (NYSE:KMIGet Free Report) last released its earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.10. The firm had revenue of $4.83 billion for the quarter, compared to analysts’ expectations of $4.55 billion. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The company’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, equities analysts forecast that Kinder Morgan will post 1.4 EPS for the current year.

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, May 4th will be issued a $0.2975 dividend. The ex-dividend date is Monday, May 4th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.7%. Kinder Morgan’s dividend payout ratio (DPR) is presently 85.40%.

Kinder Morgan Company Profile

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Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.

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Analyst Recommendations for Kinder Morgan (NYSE:KMI)

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