Kinder Morgan, Inc. (NYSE:KMI) Stock Has Average Target Price of $37.15

Shares of Kinder Morgan, Inc. (NYSE:KMI) have been assigned an average recommendation of “Moderate Buy” from the twenty-three research firms that are presently covering the firm, Marketbeat reports. Eleven investment analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $37.15.

Several analysts have commented on KMI shares. Morgan Stanley lowered their price objective on shares of Kinder Morgan from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 3rd. Citigroup lifted their price target on Kinder Morgan from $34.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, October 23rd. Stifel Nicolaus started coverage on shares of Kinder Morgan in a report on Wednesday, September 9th. They set a “hold” rating and a $35.00 target price on the stock. UBS Group reiterated a “buy” rating on shares of Kinder Morgan in a research report on Tuesday, October 27th. Finally, Argus boosted their price target on shares of Kinder Morgan from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th.

Kinder Morgan Stock Performance

Shares of KMI opened at $31.20 on Wednesday. The stock has a 50 day moving average of $32.04 and a 200 day moving average of $32.14. The company has a market capitalization of $69.52 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 2.14 and a beta of 0.58. Kinder Morgan has a 12 month low of $26.24 and a 12 month high of $34.81. The company has a current ratio of 0.67, a quick ratio of 0.55 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 21st. The pipeline company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The company had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.37 billion. Kinder Morgan had a net margin of 19.64% and a return on equity of 10.84%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.29 EPS. As a group, sell-side analysts forecast that Kinder Morgan will post 1.57 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 2nd will be paid a $0.2975 dividend. This represents a $1.19 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Monday, November 2nd. Kinder Morgan’s dividend payout ratio is currently 73.46%.

Trending Headlines about Kinder Morgan

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

• Positive Sentiment: Executive Chairman Richard Kinder bought 500,000 shares for about $15 million on Nov. 6, signaling confidence after the stock’s pullback. The purchase comes as Kinder Morgan’s project backlog reached a record $14.4 billion, supported largely by natural-gas projects linked to data centers and utility demand. Why Kinder Morgan’s Chairman Just Bought $15 Million in Stock
• Positive Sentiment: Recent quarterly results were stronger than expected: adjusted EPS was $0.35, beating the $0.33 consensus, while revenue rose 9.3% year over year to $4.53 billion. The backlog and long-term, take-or-pay contracts could support predictable future cash flows, though many projects will not begin operating until 2030–2032. Kinder Morgan third-quarter results
• Neutral Sentiment: Vice President John Schlosser sold 6,200 shares for $192,200, reducing his holdings by 3.78%. The sale was executed under a pre-arranged Rule 10b5-1 trading plan, which makes it a less clear signal about his view of the company. SEC insider transaction filing
• Negative Sentiment: Large pipeline projects require substantial upfront investment: third-quarter capital expenditures contributed to a free-cash-flow deficit after dividends. Construction costs, possible delays, and the eventual normalization of some favorable one-off earnings items are risks to near-term results.

Insider Activity at Kinder Morgan

In other news, Chairman Richard D. Kinder acquired 500,000 shares of the business’s stock in a transaction dated Friday, November 6th. The stock was purchased at an average cost of $29.99 per share, for a total transaction of $14,995,000.00. Following the acquisition, the chairman owned 246,712,353 shares of the company’s stock, valued at $7,398,903,466.47. This trade represents a 0.20% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP John W. Schlosser sold 6,200 shares of the stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $31.00, for a total value of $192,200.00. Following the transaction, the vice president owned 158,008 shares in the company, valued at $4,898,248. This trade represents a 3.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 9,300 shares of company stock valued at $292,098 over the last 90 days. 12.72% of the stock is owned by insiders.

Institutional Trading of Kinder Morgan

Hedge funds and other institutional investors have recently bought and sold shares of the company. Evolution Wealth Management Inc. lifted its holdings in shares of Kinder Morgan by 4,166.7% in the 2nd quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 750 shares during the last quarter. Transamerica Financial Advisors LLC lifted its stake in Kinder Morgan by 72.9% in the second quarter. Transamerica Financial Advisors LLC now owns 778 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 328 shares during the last quarter. Frazier Financial Advisors LLC purchased a new stake in Kinder Morgan during the first quarter valued at about $28,000. Bell Investment Advisors Inc boosted its position in Kinder Morgan by 112.1% during the second quarter. Bell Investment Advisors Inc now owns 946 shares of the pipeline company’s stock valued at $30,000 after buying an additional 500 shares during the period. Finally, Commonwealth Retirement Investments LLC bought a new position in shares of Kinder Morgan during the second quarter valued at about $32,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

About Kinder Morgan

Kinder Morgan, Inc. (NYSE: KMI) is an energy infrastructure company that transports and stores natural gas, crude oil, refined petroleum products and other energy-related commodities. Its assets include pipelines, terminals and storage facilities serving energy producers, utilities, industrial customers and other markets across the United States and Canada. The company’s operations include natural gas transportation and storage, refined-products and crude-oil pipelines, bulk and liquids terminals, and carbon dioxide transportation.