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

Kinder Morgan, Inc. (NYSE:KMI) has earned an average rating of “Moderate Buy” from the sixteen research firms that are currently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $31.0625.

KMI has been the topic of a number of recent analyst reports. Barclays reissued an “overweight” rating and issued a $32.00 price objective (up previously from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. TD Cowen assumed coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They set a “buy” rating and a $34.00 price target on the stock. BMO Capital Markets initiated coverage on shares of Kinder Morgan in a research report on Friday, September 19th. They issued an “outperform” rating and a $32.00 price objective for the company. Morgan Stanley set a $32.00 price target on Kinder Morgan in a research note on Thursday, September 18th. Finally, Stifel Nicolaus boosted their price target on shares of Kinder Morgan from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Thursday, August 14th.

Kinder Morgan Price Performance

NYSE:KMI opened at $28.34 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. The firm has a market cap of $62.97 billion, a PE ratio of 23.23, a price-to-earnings-growth ratio of 3.31 and a beta of 0.81. Kinder Morgan has a 12 month low of $21.65 and a 12 month high of $31.48. The company’s 50-day moving average price is $27.17 and its two-hundred day moving average price is $27.45.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.28. The company had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. Kinder Morgan’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, equities analysts anticipate that Kinder Morgan will post 1.25 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were issued a dividend of $0.2925 per share. The ex-dividend date was Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a yield of 4.1%. Kinder Morgan’s payout ratio is currently 95.90%.

Insiders Place Their Bets

In other Kinder Morgan news, Director Amy W. Chronis bought 2,759 shares of Kinder Morgan stock in a transaction on Monday, July 28th. The shares were purchased at an average cost of $27.21 per share, for a total transaction of $75,072.39. Following the completion of the acquisition, the director owned 34,764 shares in the company, valued at approximately $945,928.44. The trade was a 8.62% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Dax Sanders sold 30,127 shares of the business’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $27.05, for a total value of $814,935.35. Following the completion of the transaction, the executive vice president directly owned 292,000 shares of the company’s stock, valued at approximately $7,898,600. The trade was a 9.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 128,008 shares of company stock worth $3,553,982 over the last 90 days. 12.73% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kinder Morgan

Several institutional investors have recently added to or reduced their stakes in the stock. Sierra Ocean LLC raised its stake in shares of Kinder Morgan by 927.1% in the 1st quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 788 shares during the period. LFA Lugano Financial Advisors SA bought a new position in shares of Kinder Morgan during the second quarter worth about $26,000. JNBA Financial Advisors raised its position in Kinder Morgan by 669.2% in the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company’s stock valued at $29,000 after buying an additional 870 shares during the last quarter. Cranbrook Wealth Management LLC lifted its stake in 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 in the last quarter. Finally, Grove Bank & Trust boosted its position in Kinder Morgan by 2,913.5% during the 1st quarter. Grove Bank & Trust now owns 1,115 shares of the pipeline company’s stock worth $32,000 after acquiring an additional 1,078 shares during the last quarter. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Company Profile

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.