Kinder Morgan, Inc. (NYSE:KMI) Receives $31.06 Consensus Target Price from Brokerages

Kinder Morgan, Inc. (NYSE:KMI) has been assigned a consensus recommendation of “Moderate Buy” from the seventeen research firms that are covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $31.25.

A number of brokerages recently issued reports on KMI. Cowen initiated coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They set a “buy” rating on the stock. Stifel Nicolaus boosted their price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Thursday, August 14th. Wolfe Research raised shares of Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a research note on Friday, July 25th. Morgan Stanley boosted their price objective on shares of Kinder Morgan from $34.00 to $35.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, TD Cowen assumed coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They set a “buy” rating and a $34.00 price objective for the company.

Insider Activity at Kinder Morgan

In related news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction on Monday, September 8th. The shares were sold at an average price of $27.00, for a total transaction of $166,482.00. Following the transaction, the vice president owned 225,868 shares in the company, valued at approximately $6,098,436. The trade was a 2.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Amy W. Chronis bought 2,759 shares of Kinder Morgan stock in a transaction that occurred on Monday, July 28th. The shares were acquired at an average price of $27.21 per share, for a total transaction of $75,072.39. Following the acquisition, the director directly owned 34,764 shares in the company, valued at approximately $945,928.44. This represents a 8.62% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders sold 128,008 shares of company stock worth $3,553,982. 12.73% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kinder Morgan

Several hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC lifted its holdings in shares of Kinder Morgan by 3.9% during the 3rd quarter. GAMMA Investing LLC now owns 40,374 shares of the pipeline company’s stock valued at $1,143,000 after acquiring an additional 1,515 shares in the last quarter. Farmers Trust Co. lifted its holdings in shares of Kinder Morgan by 0.7% during the 3rd quarter. Farmers Trust Co. now owns 235,967 shares of the pipeline company’s stock valued at $6,680,000 after acquiring an additional 1,720 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in Kinder Morgan by 24.4% in the 2nd quarter. Corient Private Wealth LLC now owns 761,218 shares of the pipeline company’s stock worth $22,380,000 after buying an additional 149,552 shares in the last quarter. Capital A Wealth Management LLC acquired a new position in Kinder Morgan in the 2nd quarter worth $41,000. Finally, Valeo Financial Advisors LLC lifted its holdings in Kinder Morgan by 2.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 40,027 shares of the pipeline company’s stock worth $1,177,000 after buying an additional 805 shares in the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Stock Down 0.3%

Shares of NYSE KMI opened at $28.21 on Tuesday. Kinder Morgan has a 1 year low of $22.78 and a 1 year high of $31.48. The firm’s 50 day moving average price is $27.24 and its 200 day moving average price is $27.46. The firm has a market cap of $62.67 billion, a P/E ratio of 23.12, a price-to-earnings-growth ratio of 3.33 and a beta of 0.78. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter last year, the business earned $0.26 earnings per share. Kinder Morgan’s revenue was up 13.2% compared to the same quarter last year. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, sell-side analysts anticipate that Kinder Morgan will post 1.25 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were paid a dividend of $0.2925 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.17 annualized dividend and a dividend yield of 4.1%. Kinder Morgan’s payout ratio is currently 95.90%.

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.