Kinder Morgan, Inc. (NYSE:KMI) Receives $31.13 Consensus Target Price from Analysts

Kinder Morgan, Inc. (NYSE:KMI) has earned a consensus rating of “Moderate Buy” from the sixteen research firms that are currently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $31.1333.

Several research firms recently issued reports on KMI. TD Cowen began coverage on shares of Kinder Morgan in a report on Monday, July 7th. They set a “buy” rating and a $34.00 price target for the company. Wells Fargo & Company increased their price target on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. Cowen began coverage on shares of Kinder Morgan in a report on Monday, July 7th. They set a “buy” rating for the company. Barclays reissued an “overweight” rating and set a $32.00 price target (up from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Finally, Wolfe Research raised shares of Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price target for the company in a report on Friday, July 25th.

Kinder Morgan Stock Performance

NYSE KMI opened at $26.85 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. Kinder Morgan has a 52-week low of $20.56 and a 52-week high of $31.48. The business’s 50-day moving average price is $27.80 and its 200 day moving average price is $27.38. The firm has a market cap of $59.66 billion, a P/E ratio of 22.01, a P/E/G ratio of 3.34 and a beta of 0.78.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter last year, the company posted $0.26 earnings per share. The business’s revenue was up 13.2% on a year-over-year basis. On average, equities research analysts expect that Kinder Morgan will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be paid a $0.2925 dividend. The ex-dividend date is Thursday, July 31st. This represents a $1.17 annualized dividend and a dividend yield of 4.4%. Kinder Morgan’s dividend payout ratio (DPR) is 95.90%.

Insider Activity at Kinder Morgan

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $27.80, for a total transaction of $171,414.80. Following the completion of the transaction, the vice president owned 232,034 shares in the company, valued at approximately $6,450,545.20. The trade was a 2.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO David Patrick Michels sold 40,000 shares of Kinder Morgan stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the transaction, the chief financial officer owned 159,428 shares of the company’s stock, valued at approximately $4,494,275.32. The trade was a 20.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 139,842 shares of company stock valued at $3,896,180 in the last quarter. 12.73% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kinder Morgan

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sierra Ocean LLC raised its position in 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 acquiring an additional 788 shares during the last quarter. LFA Lugano Financial Advisors SA acquired a new position in shares of Kinder Morgan in the second quarter valued at approximately $26,000. Fourth Dimension Wealth LLC acquired a new position in shares of Kinder Morgan in the fourth quarter valued at approximately $26,000. Morse Asset Management Inc acquired a new position in shares of Kinder Morgan in the fourth quarter valued at approximately $27,000. Finally, JNBA Financial Advisors raised its position in shares of Kinder Morgan by 669.2% in the first 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. Institutional investors and hedge funds own 62.52% of the company’s stock.

About Kinder Morgan

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.