Kinder Morgan (NYSE:KMI) Shares Climb 1.7% – Here’s Why

Kinder Morgan, Inc. (NYSE:KMI)’s share price shot up 1.7% during mid-day trading on Monday. The stock traded as high as $33.10 and last traded at $33.0570. Approximately 7,899,548 shares traded hands during trading, a decline of 35% from the average session volume of 12,142,278 shares. The stock had previously closed at $32.49.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on KMI shares. Argus boosted their price target on Kinder Morgan from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Stifel Nicolaus initiated coverage on shares of Kinder Morgan in a research report on Wednesday, September 9th. They issued a “hold” rating and a $35.00 price objective on the stock. Morgan Stanley set a $33.00 price objective on shares of Kinder Morgan in a research note on Thursday, September 17th. Royal Bank Of Canada upped their price objective on shares of Kinder Morgan from $35.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Tuesday, September 22nd. Finally, Jefferies Financial Group reduced their target price on shares of Kinder Morgan from $35.00 to $33.00 and set a “hold” rating for the company in a research note on Thursday, September 17th. Eleven equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and an average price target of $35.47.

Kinder Morgan Price Performance

The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.36 and a current ratio of 0.46. The company has a 50-day simple moving average of $31.55 and a 200-day simple moving average of $32.03. The company has a market cap of $74.16 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 2.33 and a beta of 0.59.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.31 by $0.06. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%. The business had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.22 billion. During the same period last year, the firm earned $0.28 EPS. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, research analysts predict that Kinder Morgan, Inc. will post 1.55 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were given a $0.2975 dividend. The ex-dividend date was Monday, August 3rd. This represents a $1.19 annualized dividend and a yield of 3.6%. Kinder Morgan’s dividend payout ratio is presently 76.28%.

Insider Buying and Selling

In other Kinder Morgan news, VP Michael Garthwaite sold 1,550 shares of the business’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $30.80, for a total transaction of $47,740.00. Following the sale, the vice president directly owned 48,863 shares in the company, valued at approximately $1,504,980.40. The trade was a 3.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 12.72% of the company’s stock.

Institutional Trading of Kinder Morgan

Several hedge funds and other institutional investors have recently made changes to their positions in KMI. BlackRock Inc. lifted its position in shares of Kinder Morgan by 1.1% during the second quarter. BlackRock Inc. now owns 175,834,246 shares of the pipeline company’s stock worth $5,621,421,000 after purchasing an additional 1,875,143 shares in the last quarter. State Street Corp boosted its stake in shares of Kinder Morgan by 4.3% in the second quarter. State Street Corp now owns 130,863,419 shares of the pipeline company’s stock valued at $4,183,704,000 after purchasing an additional 5,361,578 shares during the period. Bank of America Corp DE grew its holdings in Kinder Morgan by 1.4% during the 1st quarter. Bank of America Corp DE now owns 62,018,394 shares of the pipeline company’s stock valued at $2,079,477,000 after purchasing an additional 836,571 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Kinder Morgan by 2.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 17,237,384 shares of the pipeline company’s stock valued at $577,998,000 after purchasing an additional 448,130 shares in the last quarter. Finally, Amundi increased its stake in Kinder Morgan by 5.8% during the 1st quarter. Amundi now owns 15,130,700 shares of the pipeline company’s stock worth $507,332,000 after buying an additional 831,125 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Company Profile

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and storage facilities. Its assets primarily transport and store natural gas, crude oil, refined petroleum products, and carbon dioxide, supporting energy producers, utilities, refiners, industrial companies, and other customers.

The company’s natural gas business includes interstate and intrastate pipelines, gathering and processing systems, and underground storage facilities.