Kinder Morgan, Inc. (NYSE:KMI) Receives $35.50 Average Price Target from Analysts

Kinder Morgan, Inc. (NYSE:KMI) has been assigned a consensus rating of “Hold” from the eighteen research firms that are currently covering the company, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $35.50.

A number of brokerages have weighed in on KMI. Zacks Research cut shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Jefferies Financial Group reiterated a “hold” rating on shares of Kinder Morgan in a report on Thursday, July 23rd. Wells Fargo & Company upped their price target on Kinder Morgan from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Weiss Ratings lowered Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, June 23rd. Finally, Morgan Stanley set a $38.00 price objective on Kinder Morgan in a research note on Wednesday, July 29th.

Insider Activity

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $31.83, for a total value of $196,263.78. Following the completion of the transaction, the vice president directly owned 170,374 shares of the company’s stock, valued at approximately $5,423,004.42. The trade was a 3.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $31.44, for a total transaction of $48,732.00. Following the completion of the transaction, the vice president owned 41,743 shares in the company, valued at approximately $1,312,399.92. This represents a 3.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 13,882 shares of company stock valued at $441,691. 12.72% of the stock is owned by insiders.

Hedge Funds Weigh In On Kinder Morgan

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KMI. Klingman & Associates LLC raised its holdings in Kinder Morgan by 3.9% in the first quarter. Klingman & Associates LLC now owns 8,498 shares of the pipeline company’s stock valued at $285,000 after buying an additional 319 shares during the period. TD Capital Management LLC grew its stake in Kinder Morgan by 36.0% during the fourth quarter. TD Capital Management LLC now owns 1,220 shares of the pipeline company’s stock worth $34,000 after buying an additional 323 shares during the period. Transamerica Financial Advisors LLC increased its position in shares of 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 acquiring an additional 328 shares in the last quarter. Loomis Sayles & Co. L P increased its position in shares of Kinder Morgan by 13.0% in the fourth quarter. Loomis Sayles & Co. L P now owns 2,860 shares of the pipeline company’s stock worth $79,000 after acquiring an additional 329 shares in the last quarter. Finally, Abel Hall LLC raised its stake in shares of Kinder Morgan by 4.0% in the 1st quarter. Abel Hall LLC now owns 8,588 shares of the pipeline company’s stock valued at $288,000 after acquiring an additional 330 shares during the period. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $30.97 on Friday. Kinder Morgan has a 12 month low of $25.60 and a 12 month high of $34.81. The stock has a market cap of $68.97 billion, a PE ratio of 19.85, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54. The company has a current ratio of 0.46, a quick ratio of 0.36 and a debt-to-equity ratio of 0.91. The company’s fifty day moving average price is $32.02 and its 200-day moving average price is $32.34.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (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 company had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same period last year, the business earned $0.28 EPS. Kinder Morgan’s quarterly 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. On average, equities analysts expect that Kinder Morgan will post 1.55 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were given a $0.2975 dividend. This represents a $1.19 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, August 3rd. Kinder Morgan’s payout ratio is currently 76.28%.

Kinder Morgan Company Profile

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.