Kinder Morgan (NYSE:KMI) Stock Falls 1.1% – Here’s Why

Kinder Morgan, Inc. (NYSE:KMI)’s stock price traded down 1.1% during trading on Wednesday. The stock traded as low as $31.61 and last traded at $31.81. 7,417,027 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 12,150,937 shares. The stock had previously closed at $32.16.

Analysts Set New Price Targets

Several brokerages have recently weighed in on KMI. Citigroup reaffirmed a “neutral” rating on shares of Kinder Morgan in a research report on Wednesday, July 29th. Morgan Stanley set a $33.00 price target on Kinder Morgan in a report on Thursday, September 17th. Royal Bank Of Canada increased their price objective on shares of Kinder Morgan from $35.00 to $36.00 and gave the company a “sector perform” rating in a research report on Tuesday, September 22nd. Zacks Research lowered shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Finally, Jefferies Financial Group reduced their target price on shares of Kinder Morgan from $35.00 to $33.00 and set a “hold” rating on the stock in a research report on Thursday, September 17th. Eight analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Kinder Morgan has an average rating of “Hold” and an average target price of $35.77.

Kinder Morgan Price Performance

The stock has a market cap of $72.48 billion, a PE ratio of 20.86, a P/E/G ratio of 2.24 and a beta of 0.59. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.46 and a quick ratio of 0.36. The business has a fifty day moving average of $31.47 and a 200 day moving average of $32.05.

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

Kinder Morgan Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 3rd were issued a $0.2975 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.19 annualized dividend and a yield of 3.7%. Kinder Morgan’s dividend payout ratio is currently 76.28%.

Insider Buying and Selling

In other Kinder Morgan news, VP Michael Garthwaite sold 1,550 shares of the firm’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 completion of the transaction, the vice president directly owned 48,863 shares of the company’s stock, valued at $1,504,980.40. This trade represents a 3.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 12.72% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kinder Morgan

Large investors have recently modified their holdings of the stock. Evolution Wealth Management Inc. lifted its holdings in Kinder Morgan by 4,166.7% during the 2nd quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company’s stock worth $25,000 after buying an additional 750 shares during the last quarter. Transamerica Financial Advisors LLC increased its holdings in shares of Kinder Morgan by 72.9% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 778 shares of the pipeline company’s stock valued at $25,000 after acquiring an additional 328 shares during the last quarter. Frazier Financial Advisors LLC bought a new stake in shares of Kinder Morgan in the 1st quarter valued at approximately $28,000. Bell Investment Advisors Inc raised its position in shares of Kinder Morgan by 112.1% during the 2nd quarter. Bell Investment Advisors Inc now owns 946 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 500 shares in the last quarter. Finally, First Pacific Financial lifted its stake in Kinder Morgan by 9,900.0% during the first quarter. First Pacific Financial now owns 1,000 shares of the pipeline company’s stock worth $34,000 after purchasing an additional 990 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

About Kinder Morgan

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.