Kinder Morgan (NYSE:KMI) Stock Price Up 1.4% – Here’s What Happened

Shares of Kinder Morgan, Inc. (NYSE:KMI) shot up 1.4% during trading on Thursday. The company traded as high as $32.43 and last traded at $32.2790. Approximately 16,921,890 shares traded hands during mid-day trading, an increase of 39% from the average daily volume of 12,184,978 shares. The stock had previously closed at $31.82.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada boosted their price objective on shares of Kinder Morgan from $35.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Tuesday, September 22nd. Stifel Nicolaus began coverage on shares of Kinder Morgan in a research note on Wednesday, September 9th. They issued a “hold” rating and a $35.00 target price for the company. Citigroup reiterated a “neutral” rating on shares of Kinder Morgan in a report on Wednesday, July 29th. Melius Research initiated coverage on Kinder Morgan in a research report on Tuesday, September 22nd. They set a “buy” rating and a $38.00 price target on the stock. Finally, Jefferies Financial Group dropped their price objective on Kinder Morgan from $35.00 to $33.00 and set a “hold” rating on the stock in a research note on Thursday, September 17th. Eight investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Kinder Morgan presently has a consensus rating of “Hold” and an average price target of $35.77.

Kinder Morgan Price Performance

The company has a market capitalization of $71.88 billion, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 2.26 and a beta of 0.59. The company’s 50-day moving average price is $31.46 and its two-hundred day moving average price is $32.05. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.46 and a quick ratio of 0.36.

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

Kinder Morgan Dividend Announcement

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

Insider Activity

In other news, VP Michael Garthwaite sold 1,550 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $30.80, for a total value of $47,740.00. Following the transaction, the vice president owned 48,863 shares of the company’s stock, valued at approximately $1,504,980.40. This represents a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 12.72% of the stock is currently owned by corporate insiders.

Institutional Trading of Kinder Morgan

Several institutional investors have recently added to or reduced their stakes in KMI. BlackRock Inc. boosted its position in shares of Kinder Morgan by 1.1% in the second quarter. BlackRock Inc. now owns 175,834,246 shares of the pipeline company’s stock valued at $5,621,421,000 after acquiring an additional 1,875,143 shares during the period. State Street Corp increased its position in Kinder Morgan by 4.3% during the second quarter. State Street Corp now owns 130,863,419 shares of the pipeline company’s stock worth $4,183,704,000 after acquiring an additional 5,361,578 shares during the period. Bank of America Corp DE increased its position in Kinder Morgan by 1.4% during the first quarter. Bank of America Corp DE now owns 62,018,394 shares of the pipeline company’s stock worth $2,079,477,000 after acquiring an additional 836,571 shares during the period. Dimensional Fund Advisors LP raised its stake in Kinder Morgan by 2.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 17,237,384 shares of the pipeline company’s stock worth $577,998,000 after purchasing an additional 448,130 shares in the last quarter. Finally, Amundi boosted its holdings in Kinder Morgan by 5.8% in the 1st quarter. Amundi now owns 15,130,700 shares of the pipeline company’s stock valued at $507,332,000 after purchasing an additional 831,125 shares during the period. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Company Profile

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.