Kinder Morgan, Inc. (NYSE:KMI) Receives Average Rating of “Moderate Buy” from Analysts

by · The Cerbat Gem

Kinder Morgan, Inc. (NYSE:KMI – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $31.1250.

KMI has been the subject of several recent research reports. Jefferies Financial Group initiated coverage on Kinder Morgan in a report on Thursday, October 9th. They issued a “hold” rating and a $30.00 price objective for the company. Wells Fargo & Company upped their price target on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Cowen initiated coverage on shares of Kinder Morgan in a report on Monday, July 7th. They set a “buy” rating on the stock. Wolfe Research upgraded Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 target price for the company in a report on Friday, July 25th. Finally, TD Cowen began coverage on Kinder Morgan in a report on Monday, July 7th. They issued a “buy” rating and a $34.00 price target on the stock.

View Our Latest Stock Report on Kinder Morgan

Insider Buying and Selling

In other Kinder Morgan news, CFO David Patrick Michels sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $28.19, for a total value of $1,127,600.00. Following the completion of the sale, the chief financial officer directly owned 159,428 shares in the company, valued at $4,494,275.32. This trade represents a 20.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Sital K. Mody sold 45,549 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $27.96, for a total transaction of $1,273,550.04. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 134,174 shares of company stock valued at $3,727,678 over the last quarter. Insiders own 12.73% of the company’s stock.

Institutional Trading of Kinder Morgan

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KMI. Sierra Ocean LLC lifted its holdings in shares of Kinder Morgan by 927.1% during the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 788 shares during the period. LFA Lugano Financial Advisors SA purchased a new position in Kinder Morgan during the 2nd quarter worth approximately $26,000. JNBA Financial Advisors lifted its stake in Kinder Morgan by 669.2% during the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock valued at $29,000 after acquiring an additional 870 shares during the period. Cranbrook Wealth Management LLC boosted its holdings in shares of Kinder Morgan by 116.1% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock valued at $31,000 after acquiring an additional 562 shares during the last quarter. Finally, Wolff Wiese Magana LLC acquired a new stake in shares of Kinder Morgan in the second quarter worth $34,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Performance

Shares of NYSE:KMI opened at $25.87 on Friday. The firm’s 50 day simple moving average is $27.26 and its 200-day simple moving average is $27.45. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.53 and a current ratio of 0.63. Kinder Morgan has a one year low of $23.94 and a one year high of $31.48. The firm has a market cap of $57.55 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 3.03 and a beta of 0.78.

Kinder Morgan (NYSE:KMI – Get Free Report) last announced its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $3.98 billion. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.Kinder Morgan’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, equities analysts predict that Kinder Morgan will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be given a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Monday, November 3rd. Kinder Morgan’s dividend payout ratio is presently 95.90%.

Kinder Morgan Company Profile

(Get Free Report)

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.

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