Kinder Morgan, Inc. (NYSE:KMI) Receives Consensus Rating of “Moderate Buy” from Brokerages

Kinder Morgan, Inc. (NYSE:KMI) has received an average recommendation of “Moderate Buy” from the seventeen research firms that are currently covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $31.20.

A number of research analysts recently issued reports on the stock. Morgan Stanley set a $29.00 price target on shares of Kinder Morgan in a research note on Tuesday, December 23rd. Mizuho reduced their price objective on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a report on Friday, November 14th. Stifel Nicolaus lifted their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Tuesday, November 11th. UBS Group reissued a “buy” rating and issued a $38.00 target price on shares of Kinder Morgan in a report on Friday, December 12th. Finally, BMO Capital Markets began coverage on Kinder Morgan in a research note on Friday, September 19th. They issued an “outperform” rating and a $32.00 price target on the stock.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $27.01 on Thursday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.63 and a quick ratio of 0.49. The company has a market cap of $60.09 billion, a price-to-earnings ratio of 22.14, a price-to-earnings-growth ratio of 2.21 and a beta of 0.69. The stock’s 50-day moving average is $26.93 and its two-hundred day moving average is $27.27. Kinder Morgan has a 1-year low of $23.94 and a 1-year high of $31.48.

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

Kinder Morgan Announces Dividend

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

Insider Activity at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis purchased 3,800 shares of the stock in a transaction that occurred on Friday, October 31st. The stock was purchased at an average cost of $26.23 per share, with a total value of $99,674.00. Following the completion of the acquisition, the director directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $27.49, for a total transaction of $169,503.34. Following the sale, the vice president directly owned 201,204 shares in the company, valued at approximately $5,531,097.96. The trade was a 2.97% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders acquired 1,004,287 shares of company stock valued at $26,072,463 and sold 18,498 shares valued at $507,462. 12.73% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kinder Morgan

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Kinder Morgan by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 208,116,318 shares of the pipeline company’s stock valued at $5,891,773,000 after buying an additional 896,837 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Kinder Morgan by 1.2% during the second quarter. Geode Capital Management LLC now owns 51,848,863 shares of the pipeline company’s stock valued at $1,518,195,000 after acquiring an additional 599,152 shares during the period. Norges Bank acquired a new stake in Kinder Morgan in the 2nd quarter valued at approximately $1,162,802,000. Orbis Allan Gray Ltd lifted its holdings in Kinder Morgan by 3.1% in the second quarter. Orbis Allan Gray Ltd now owns 22,635,179 shares of the pipeline company’s stock worth $665,474,000 after purchasing an additional 670,856 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Kinder Morgan by 1.0% in the third quarter. Invesco Ltd. now owns 22,165,368 shares of the pipeline company’s stock valued at $627,502,000 after acquiring an additional 216,039 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

About Kinder Morgan

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.