Brokerages Set Kinder Morgan, Inc. (NYSE:KMI) Target Price at $19.67

Shares of Kinder Morgan, Inc. (NYSE:KMIGet Rating) have been given a consensus rating of “Hold” by the twelve ratings firms that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $19.67.

Several research analysts have recently weighed in on KMI shares. Mizuho lifted their price target on shares of Kinder Morgan from $21.00 to $22.00 in a research note on Thursday, April 21st. Zacks Investment Research upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Tuesday, January 25th. Morgan Stanley lifted their target price on shares of Kinder Morgan from $19.00 to $20.00 and gave the company an “underweight” rating in a research note on Wednesday, April 20th. StockNews.com began coverage on shares of Kinder Morgan in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Finally, TD Securities boosted their price target on shares of Kinder Morgan from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Thursday, April 21st.

NYSE:KMI traded down $0.41 during trading hours on Tuesday, reaching $18.75. The company had a trading volume of 220,321 shares, compared to its average volume of 17,978,020. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 0.91. Kinder Morgan has a 52 week low of $15.01 and a 52 week high of $20.19. The firm has a market cap of $42.52 billion, a price-to-earnings ratio of 42.07, a PEG ratio of 5.69 and a beta of 0.90. The firm’s 50 day moving average price is $18.83 and its 200-day moving average price is $17.53.

Kinder Morgan (NYSE:KMIGet Rating) last posted its earnings results on Wednesday, April 20th. The pipeline company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. The business had revenue of $4.29 billion during the quarter, compared to the consensus estimate of $3.66 billion. Kinder Morgan had a net margin of 6.64% and a return on equity of 7.51%. The firm’s revenue was down 17.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 EPS. On average, analysts forecast that Kinder Morgan will post 1.11 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, May 16th. Shareholders of record on Monday, May 2nd were paid a $0.2775 dividend. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.27. This represents a $1.11 dividend on an annualized basis and a yield of 5.92%. The ex-dividend date was Friday, April 29th. Kinder Morgan’s dividend payout ratio is currently 246.67%.

In related news, VP Dax Sanders sold 91,129 shares of the stock in a transaction that occurred on Friday, April 8th. The shares were sold at an average price of $19.51, for a total transaction of $1,777,926.79. Following the completion of the sale, the vice president now owns 204,105 shares of the company’s stock, valued at $3,982,088.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John W. Schlosser sold 1,500 shares of the stock in a transaction that occurred on Friday, March 25th. The shares were sold at an average price of $18.34, for a total transaction of $27,510.00. The disclosure for this sale can be found here. Insiders sold a total of 94,129 shares of company stock worth $1,833,202 over the last 90 days. Insiders own 14.22% of the company’s stock.

A number of institutional investors have recently modified their holdings of KMI. Moneta Group Investment Advisors LLC increased its stake in shares of Kinder Morgan by 1.7% in the first quarter. Moneta Group Investment Advisors LLC now owns 32,893 shares of the pipeline company’s stock worth $622,000 after acquiring an additional 547 shares during the period. Spectrum Asset Management Inc. NB CA increased its stake in shares of Kinder Morgan by 0.4% in the first quarter. Spectrum Asset Management Inc. NB CA now owns 138,559 shares of the pipeline company’s stock worth $2,620,000 after acquiring an additional 580 shares during the period. Cohen Investment Advisors LLC grew its position in Kinder Morgan by 0.5% during the first quarter. Cohen Investment Advisors LLC now owns 120,838 shares of the pipeline company’s stock valued at $2,285,000 after buying an additional 580 shares during the period. Coldstream Capital Management Inc. grew its position in Kinder Morgan by 4.9% during the first quarter. Coldstream Capital Management Inc. now owns 12,594 shares of the pipeline company’s stock valued at $238,000 after buying an additional 586 shares during the period. Finally, FinTrust Capital Advisors LLC grew its position in Kinder Morgan by 19.8% during the first quarter. FinTrust Capital Advisors LLC now owns 3,603 shares of the pipeline company’s stock valued at $68,000 after buying an additional 596 shares during the period. Institutional investors and hedge funds own 58.53% of the company’s stock.

About Kinder Morgan (Get Rating)

Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through four segments: Natural Gas Pipelines, Products Pipelines, Terminals, and CO2. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and underground 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 liquefaction and storage facilities.

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