Kinder Morgan, Inc. (NYSE:KMI) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Kinder Morgan, Inc. (NYSE:KMI) have been assigned an average rating of “Hold” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $20.20.

A number of analysts have weighed in on the stock. StockNews.com cut shares of Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Truist Financial restated a “hold” rating and set a $20.00 price objective (down previously from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th.

Kinder Morgan Trading Down 0.1 %

KMI opened at $18.82 on Tuesday. The stock has a market capitalization of $41.77 billion, a PE ratio of 17.11, a P/E/G ratio of 5.32 and a beta of 0.90. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.50 and a quick ratio of 0.28. Kinder Morgan has a 12-month low of $15.89 and a 12-month high of $18.92. The firm’s fifty day moving average price is $17.82 and its 200 day moving average price is $17.42.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, hitting analysts’ consensus estimates of $0.34. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The company had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter last year, the business posted $0.30 EPS. Kinder Morgan’s quarterly revenue was down 1.2% compared to the same quarter last year. As a group, research analysts expect that Kinder Morgan will post 1.18 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.2875 per share. The ex-dividend date is Monday, April 29th. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 annualized dividend and a dividend yield of 6.11%. Kinder Morgan’s payout ratio is currently 102.73%.

Institutional Trading of Kinder Morgan

Several hedge funds have recently added to or reduced their stakes in the business. SageView Advisory Group LLC raised its stake in shares of Kinder Morgan by 3.0% during the third quarter. SageView Advisory Group LLC now owns 20,607 shares of the pipeline company’s stock valued at $342,000 after purchasing an additional 596 shares in the last quarter. Wesbanco Bank Inc. lifted its stake in shares of Kinder Morgan by 0.4% in the 3rd quarter. Wesbanco Bank Inc. now owns 148,549 shares of the pipeline company’s stock worth $2,463,000 after acquiring an additional 599 shares during the period. Chronos Wealth Management LLC boosted its holdings in shares of Kinder Morgan by 2.7% in the third quarter. Chronos Wealth Management LLC now owns 22,700 shares of the pipeline company’s stock valued at $376,000 after acquiring an additional 600 shares in the last quarter. Cubic Asset Management LLC increased its stake in shares of Kinder Morgan by 5.1% during the fourth quarter. Cubic Asset Management LLC now owns 12,292 shares of the pipeline company’s stock valued at $217,000 after acquiring an additional 600 shares during the period. Finally, Thoroughbred Financial Services LLC raised its holdings in Kinder Morgan by 2.1% during the fourth quarter. Thoroughbred Financial Services LLC now owns 30,018 shares of the pipeline company’s stock worth $529,000 after purchasing an additional 610 shares in the last quarter. Institutional investors 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.