Kinder Morgan, Inc. (NYSE:KMI) Given Average Rating of “Moderate Buy” by Analysts

Shares of Kinder Morgan, Inc. (NYSE:KMI) have been assigned a consensus rating of “Moderate Buy” from the eighteen analysts that are currently covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $31.1875.

Several analysts have recently weighed in on KMI shares. Scotiabank lowered their price objective on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Friday, September 19th. Wolfe Research raised Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a research note on Friday, July 25th. Jefferies Financial Group began coverage on Kinder Morgan in a research note on Thursday, October 9th. They set a “hold” rating and a $30.00 price target for the company. Mizuho reduced their price objective on Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a research report on Friday, November 14th. Finally, BMO Capital Markets began coverage on Kinder Morgan in a research report on Friday, September 19th. They issued an “outperform” rating and a $32.00 target price for the company.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $27.08 on Wednesday. The stock’s 50-day simple moving average is $27.22 and its two-hundred day simple moving average is $27.44. Kinder Morgan has a twelve month low of $23.94 and a twelve month high of $31.48. The firm has a market capitalization of $60.25 billion, a P/E ratio of 22.20, a P/E/G ratio of 3.01 and a beta of 0.77. The company has a quick ratio of 0.53, a current ratio of 0.63 and a debt-to-equity ratio of 0.98.

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

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were paid a $0.2925 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.3%. Kinder Morgan’s dividend payout ratio is 95.90%.

Insider Buying and Selling

In related news, Chairman Richard D. Kinder bought 1,000,000 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The stock was bought at an average cost of $25.96 per share, for a total transaction of $25,960,000.00. Following the acquisition, the chairman directly owned 246,212,353 shares of the company’s stock, valued at $6,391,672,683.88. The trade was a 0.41% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amy W. Chronis purchased 3,800 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was bought at an average cost of $26.23 per share, for a total transaction of $99,674.00. Following the completion of the purchase, the director directly owned 39,051 shares in the company, valued at approximately $1,024,307.73. This trade represents a 10.78% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have acquired 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 corporate insiders.

Institutional Investors Weigh In On Kinder Morgan

Institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Kinder Morgan during the second quarter worth about $1,162,802,000. Nuveen LLC bought a new position in shares of Kinder Morgan in the 1st quarter worth approximately $205,966,000. 59 North Capital Management LP purchased a new position in shares of Kinder Morgan in the 1st quarter valued at approximately $195,658,000. Goldman Sachs Group Inc. boosted its position in shares of Kinder Morgan by 37.5% during the first quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company’s stock valued at $578,628,000 after purchasing an additional 5,529,065 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in Kinder Morgan by 431.9% in the third quarter. AQR Capital Management LLC now owns 6,569,082 shares of the pipeline company’s stock worth $185,971,000 after purchasing an additional 5,333,986 shares during the period. Hedge funds and other institutional investors 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.