Kinder Morgan, Inc. (NYSE:KMI) Receives $20.20 Average Target Price from Analysts

Shares of Kinder Morgan, Inc. (NYSE:KMI) have been assigned an average recommendation of “Hold” from the seven ratings firms that are covering the stock, MarketBeat.com 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 price objective among brokers that have issued a report on the stock in the last year is $20.20.

KMI has been the subject of several research analyst reports. StockNews.com cut shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Truist Financial reissued a “hold” rating and issued a $20.00 price objective (down from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th.

Insider Buying and Selling

In related news, Director Michael C. Morgan sold 230,000 shares of Kinder Morgan stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the completion of the transaction, the director now directly owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 12.64% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kinder Morgan

A number of large investors have recently made changes to their positions in the company. Tucker Asset Management LLC bought a new stake in Kinder Morgan during the 3rd quarter valued at about $25,000. True Wealth Design LLC lifted its holdings in Kinder Morgan by 3,655.3% during the 4th quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock valued at $25,000 after buying an additional 1,389 shares in the last quarter. Hartford Financial Management Inc. bought a new stake in shares of Kinder Morgan in the 3rd quarter valued at about $26,000. Altshuler Shaham Ltd bought a new stake in shares of Kinder Morgan in the 4th quarter valued at about $26,000. Finally, Activest Wealth Management bought a new stake in shares of Kinder Morgan in the 4th quarter valued at about $30,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Stock Performance

KMI opened at $18.80 on Tuesday. The stock has a market capitalization of $41.72 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 5.30 and a beta of 0.90. The company has a fifty day moving average of $17.95 and a 200 day moving average of $17.46. Kinder Morgan has a fifty-two week low of $15.89 and a fifty-two week high of $18.92. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.28 and a current ratio of 0.50.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. The company had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. Kinder Morgan’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period last year, the company posted $0.30 earnings per share. As a group, sell-side analysts forecast that Kinder Morgan will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.2875 per share. The ex-dividend date of this dividend is Monday, April 29th. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.12%. Kinder Morgan’s payout ratio is currently 102.73%.

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.