Mizuho Cuts Kinder Morgan (NYSE:KMI) Price Target to $31.00

Kinder Morgan (NYSE:KMI) had its price objective cut by Mizuho from $32.00 to $31.00 in a report published on Friday morning,Benzinga reports. They currently have an outperform rating on the pipeline company’s stock.

Other equities research analysts have also recently issued research reports about the stock. Morgan Stanley set a $30.00 price objective on shares of Kinder Morgan in a research note on Thursday, October 9th. JPMorgan Chase & Co. lifted their price objective on Kinder Morgan from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Stifel Nicolaus increased their target price on Kinder Morgan from $29.00 to $30.00 and gave the company a “hold” rating in a report on Tuesday, November 11th. Weiss Ratings restated a “buy (b)” rating on shares of Kinder Morgan in a research report on Wednesday, October 8th. Finally, Scotiabank lowered their price objective on Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a research report on Friday, September 19th. Ten analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $31.19.

Kinder Morgan Stock Performance

NYSE KMI opened at $27.40 on Friday. Kinder Morgan has a 52-week low of $23.94 and a 52-week high of $31.48. The company has a fifty day moving average of $27.20 and a 200-day moving average of $27.43. The company has a market capitalization of $60.97 billion, a P/E ratio of 22.46, a P/E/G ratio of 3.01 and a beta of 0.77. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.53 and a current ratio of 0.63.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.29. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $3.98 billion. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.25 EPS. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, equities research analysts predict that Kinder Morgan will post 1.25 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be given a dividend of $0.2925 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $1.17 dividend on an annualized basis and a yield of 4.3%. Kinder Morgan’s dividend payout ratio (DPR) is presently 95.90%.

Insider Buying and Selling at Kinder Morgan

In other news, Director Amy W. Chronis bought 3,800 shares of Kinder Morgan stock in a transaction on Friday, October 31st. The stock was acquired at an average cost of $26.23 per share, for a total transaction of $99,674.00. Following the completion of the acquisition, the director owned 39,051 shares of the company’s stock, valued at $1,024,307.73. This trade represents a 10.78% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Richard D. Kinder purchased 1,000,000 shares of the stock in a transaction dated Monday, October 27th. The stock was purchased at an average price of $25.96 per share, for a total transaction of $25,960,000.00. Following the completion of the acquisition, the chairman directly owned 246,212,353 shares in the company, valued at approximately $6,391,672,683.88. This represents a 0.41% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have purchased 1,004,287 shares of company stock worth $26,072,463 and have sold 18,498 shares worth $506,660. 12.73% of the stock is owned by insiders.

Institutional Trading of Kinder Morgan

A number of institutional investors have recently made changes to their positions in KMI. LFA Lugano Financial Advisors SA purchased a new stake in Kinder Morgan in the second quarter valued at about $26,000. Cranbrook Wealth Management LLC increased its holdings in shares of Kinder Morgan by 116.1% during the second 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. Wolff Wiese Magana LLC purchased a new position in shares of Kinder Morgan in the 2nd quarter valued at approximately $34,000. CoreFirst Bank & Trust purchased a new position in shares of Kinder Morgan in the 2nd quarter valued at approximately $35,000. Finally, Private Wealth Management Group LLC boosted its stake in Kinder Morgan by 94.9% in the 3rd quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock worth $35,000 after purchasing an additional 595 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

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.