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

Kinder Morgan, Inc. (NYSE:KMI) has earned an average recommendation of “Moderate Buy” from the seventeen brokerages that are covering the firm, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $31.3333.

Several analysts have recently weighed in on the stock. Stifel Nicolaus increased their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Tuesday, November 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a report on Wednesday, October 8th. Jefferies Financial Group assumed coverage on Kinder Morgan in a research note on Thursday, October 9th. They set a “hold” rating and a $30.00 target price for the company. Royal Bank Of Canada lifted their target price on Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a research report on Thursday, November 13th. Finally, Morgan Stanley set a $30.00 price target on Kinder Morgan in a report on Thursday, October 9th.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $28.17, for a total value of $173,696.22. Following the sale, the vice president owned 219,702 shares of the company’s stock, valued at $6,189,005.34. The trade was a 2.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Amy W. Chronis purchased 3,800 shares of the firm’s stock in a transaction on Friday, October 31st. The shares were purchased at an average price of $26.23 per share, for a total transaction of $99,674.00. Following the completion of the purchase, the director directly owned 39,051 shares of the company’s stock, valued at $1,024,307.73. This represents a 10.78% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have purchased 1,004,287 shares of company stock worth $26,072,463 and have sold 18,498 shares worth $511,655. Company insiders own 12.73% of the company’s stock.

Institutional Investors Weigh In On Kinder Morgan

Institutional investors and hedge funds have recently modified their holdings of the company. Brighton Jones LLC acquired a new stake in shares of Kinder Morgan during the fourth quarter worth about $308,000. Vestmark Advisory Solutions Inc. increased its stake in Kinder Morgan by 84.0% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 48,280 shares of the pipeline company’s stock worth $1,377,000 after buying an additional 22,045 shares during the period. Horizon Investments LLC lifted its holdings in Kinder Morgan by 5.3% during the 1st quarter. Horizon Investments LLC now owns 27,817 shares of the pipeline company’s stock worth $785,000 after buying an additional 1,389 shares in the last quarter. Aberdeen Group plc boosted its position in Kinder Morgan by 35.2% in the 1st quarter. Aberdeen Group plc now owns 2,343,165 shares of the pipeline company’s stock valued at $66,581,000 after buying an additional 609,748 shares during the period. Finally, Ethic Inc. grew its stake in shares of Kinder Morgan by 1.3% in the first quarter. Ethic Inc. now owns 135,350 shares of the pipeline company’s stock worth $3,875,000 after acquiring an additional 1,680 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Down 1.2%

Shares of NYSE:KMI opened at $26.34 on Friday. Kinder Morgan has a 52-week low of $23.94 and a 52-week high of $31.48. The stock has a market cap of $58.59 billion, a P/E ratio of 21.59, a PEG ratio of 2.34 and a beta of 0.67. The business has a fifty day moving average of $26.84 and a two-hundred day moving average of $27.33. The company has a quick ratio of 0.49, a current ratio of 0.63 and a debt-to-equity ratio of 0.98.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $3.98 billion. During the same quarter in the previous year, the firm earned $0.25 EPS. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, research analysts expect that Kinder Morgan will post 1.25 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were given a dividend of $0.2925 per share. The ex-dividend date was Monday, November 3rd. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.4%. Kinder Morgan’s dividend payout ratio (DPR) is currently 95.90%.

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.