Analysts Set Kinder Morgan, Inc. (NYSE:KMI) PT at $31.20

Kinder Morgan, Inc. (NYSE:KMI) has been given a consensus recommendation of “Moderate Buy” by the seventeen analysts that are presently covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $31.20.

Several brokerages have recently commented on KMI. Jefferies Financial Group lowered their target price on shares of Kinder Morgan from $30.00 to $29.00 and set a “hold” rating for the company in a report on Tuesday, December 23rd. Morgan Stanley set a $29.00 price objective on shares of Kinder Morgan in a research note on Tuesday, December 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Kinder Morgan in a research report on Wednesday, October 8th. BMO Capital Markets began coverage on Kinder Morgan in a report on Friday, September 19th. They issued an “outperform” rating and a $32.00 target price for the company. Finally, Stifel Nicolaus lifted their price target on Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Tuesday, November 11th.

Insider Transactions at Kinder Morgan

In other news, Chairman Richard D. Kinder purchased 1,000,000 shares of the company’s stock in a transaction dated Monday, October 27th. The shares were purchased at an average price of $25.96 per share, with a total value of $25,960,000.00. Following the transaction, the chairman directly owned 246,212,353 shares of the company’s stock, valued at approximately $6,391,672,683.88. This represents a 0.41% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amy W. Chronis acquired 3,800 shares of the stock in a transaction that occurred on Friday, October 31st. The stock was 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 in the company, valued at $1,024,307.73. This trade represents a 10.78% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders purchased 1,004,287 shares of company stock worth $26,072,463 and sold 18,498 shares worth $507,462. 12.73% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kinder Morgan

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Kinder Morgan by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 208,116,318 shares of the pipeline company’s stock worth $5,891,773,000 after acquiring an additional 896,837 shares during the last quarter. Geode Capital Management LLC lifted its stake in Kinder Morgan by 1.2% during the second quarter. Geode Capital Management LLC now owns 51,848,863 shares of the pipeline company’s stock worth $1,518,195,000 after purchasing an additional 599,152 shares during the last quarter. Norges Bank purchased a new position in shares of Kinder Morgan in the 2nd quarter worth about $1,162,802,000. Orbis Allan Gray Ltd increased its position in shares of Kinder Morgan by 3.1% during the 2nd quarter. Orbis Allan Gray Ltd now owns 22,635,179 shares of the pipeline company’s stock valued at $665,474,000 after purchasing an additional 670,856 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Kinder Morgan by 1.0% during the 3rd quarter. Invesco Ltd. now owns 22,165,368 shares of the pipeline company’s stock valued at $627,502,000 after buying an additional 216,039 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Stock Performance

Shares of KMI opened at $27.14 on Thursday. The company has a current ratio of 0.63, a quick ratio of 0.49 and a debt-to-equity ratio of 0.98. The firm’s fifty day simple moving average is $26.97 and its two-hundred day simple moving average is $27.25. Kinder Morgan has a 12 month low of $23.94 and a 12 month high of $31.48. The stock has a market capitalization of $60.37 billion, a P/E ratio of 22.24, a price-to-earnings-growth ratio of 2.24 and a beta of 0.69.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data 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 net margin of 16.61% and a return on equity of 8.57%. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter last year, the firm posted $0.25 EPS. The company’s quarterly revenue was up 12.1% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, analysts predict that Kinder Morgan will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 3rd were issued a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Monday, November 3rd. Kinder Morgan’s dividend payout ratio (DPR) is 95.90%.

About Kinder Morgan

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.