Kinder Morgan (NYSE:KMI) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Kinder Morgan (NYSE:KMIFree Report) from a hold rating to a strong-buy rating in a research report released on Tuesday morning,Zacks.com reports.

KMI has been the subject of several other reports. Wolfe Research downgraded shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Barclays restated an “overweight” rating on shares of Kinder Morgan in a report on Friday, February 20th. TD Cowen increased their price objective on Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Morgan Stanley increased their price objective on Kinder Morgan from $34.00 to $36.00 and gave the company an “equal weight” rating in a report on Tuesday, March 3rd. Finally, Stifel Nicolaus increased their price objective on Kinder Morgan from $30.00 to $33.00 and gave the company a “hold” rating in a report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Kinder Morgan has an average rating of “Moderate Buy” and an average target price of $34.20.

Check Out Our Latest Analysis on Kinder Morgan

Kinder Morgan Price Performance

Shares of KMI stock traded up $0.91 during trading on Tuesday, hitting $32.75. The company had a trading volume of 4,502,167 shares, compared to its average volume of 13,961,689. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.50 and a current ratio of 0.52. The firm has a market capitalization of $72.85 billion, a P/E ratio of 21.98, a price-to-earnings-growth ratio of 2.73 and a beta of 0.64. The stock’s 50-day moving average price is $32.87 and its 200 day moving average price is $29.58. Kinder Morgan has a one year low of $25.60 and a one year high of $34.73.

Kinder Morgan (NYSE:KMIGet Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.10. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.The business had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.55 billion. During the same period in the previous year, the company posted $0.34 earnings per share. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Equities analysts expect that Kinder Morgan will post 1.45 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, May 4th will be given a $0.2975 dividend. This represents a $1.19 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Monday, May 4th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s payout ratio is 79.87%.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $33.67, for a total transaction of $207,609.22. Following the transaction, the vice president owned 188,872 shares of the company’s stock, valued at $6,359,320.24. This trade represents a 3.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Anthony B. Ashley sold 8,000 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $31.95, for a total transaction of $255,600.00. Following the transaction, the vice president directly owned 100,146 shares in the company, valued at approximately $3,199,664.70. This represents a 7.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 29,598 shares of company stock worth $952,572 in the last quarter. 12.72% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Board of the Pension Protection Fund purchased a new stake in Kinder Morgan in the fourth quarter valued at approximately $27,000. Commonwealth Retirement Investments LLC purchased a new stake in Kinder Morgan during the fourth quarter valued at about $27,000. Acumen Wealth Advisors LLC purchased a new stake in Kinder Morgan during the fourth quarter valued at about $28,000. Dorato Capital Management purchased a new stake in Kinder Morgan during the fourth quarter valued at about $30,000. Finally, Basepoint Wealth LLC bought a new position in shares of Kinder Morgan during the fourth quarter valued at about $30,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

Kinder Morgan News Roundup

Here are the key news stories impacting Kinder Morgan this week:

Kinder Morgan Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Kinder Morgan (NYSE:KMI)

Receive News & Ratings for Kinder Morgan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinder Morgan and related companies with MarketBeat.com's FREE daily email newsletter.