Kinder Morgan, Inc. (NYSE:KMI) Receives $20.20 Average Price Target from Analysts

Kinder Morgan, Inc. (NYSE:KMI) has been given an average rating of “Hold” by the seven ratings firms that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $20.20.

Several research firms have recently commented on KMI. Truist Financial reiterated a “hold” rating and set a $20.00 target price (down from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. StockNews.com cut Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st.

Kinder Morgan Stock Down 0.6 %

NYSE KMI opened at $18.68 on Tuesday. The stock has a market cap of $41.46 billion, a PE ratio of 16.98, a P/E/G ratio of 5.31 and a beta of 0.90. Kinder Morgan has a fifty-two week low of $15.89 and a fifty-two week high of $18.92. The business has a 50 day moving average price of $17.98 and a two-hundred day moving average price of $17.48. The company has a quick ratio of 0.28, a current ratio of 0.50 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.34. The firm had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. Kinder Morgan’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 EPS. As a group, sell-side analysts predict that Kinder Morgan will post 1.18 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a dividend of $0.2875 per share. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 annualized dividend and a dividend yield of 6.16%. The ex-dividend date of this dividend is Monday, April 29th. Kinder Morgan’s dividend payout ratio is currently 102.73%.

Insider Activity at Kinder Morgan

In related news, Director Michael C. Morgan sold 230,000 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the sale, the director now directly owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 12.64% of the company’s stock.

Institutional Investors Weigh In On Kinder Morgan

Institutional investors and hedge funds have recently made changes to their positions in the company. Gotham Asset Management LLC increased its position in Kinder Morgan by 11.3% in the third quarter. Gotham Asset Management LLC now owns 533,348 shares of the pipeline company’s stock worth $8,843,000 after buying an additional 54,184 shares during the period. Rheos Capital Works Inc. acquired a new stake in Kinder Morgan in the third quarter worth $4,642,000. Virginia Wealth Management Group Inc. increased its position in Kinder Morgan by 1.6% in the third quarter. Virginia Wealth Management Group Inc. now owns 201,278 shares of the pipeline company’s stock worth $3,337,000 after buying an additional 3,085 shares during the period. Bahl & Gaynor Inc. increased its holdings in shares of Kinder Morgan by 69.2% during the third quarter. Bahl & Gaynor Inc. now owns 3,955,216 shares of the pipeline company’s stock valued at $65,577,000 after purchasing an additional 1,617,250 shares during the period. Finally, Teza Capital Management LLC increased its holdings in shares of Kinder Morgan by 190.9% during the third quarter. Teza Capital Management LLC now owns 527,280 shares of the pipeline company’s stock valued at $8,742,000 after purchasing an additional 346,000 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

About Kinder Morgan

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.