Analysts Set Kinder Morgan, Inc. (NYSE:KMI) PT at $25.67

Shares of Kinder Morgan, Inc. (NYSE:KMI) have been assigned an average rating of “Moderate Buy” from the thirteen brokerages that are covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $25.75.

Several equities research analysts have recently weighed in on KMI shares. Morgan Stanley set a $26.00 price target on Kinder Morgan in a research report on Friday, October 18th. Truist Financial upped their target price on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. UBS Group raised their price target on shares of Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a report on Friday. Royal Bank of Canada upped their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. Finally, Barclays lifted their price objective on Kinder Morgan from $22.00 to $24.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th.

Kinder Morgan Stock Down 0.7 %

KMI opened at $27.77 on Wednesday. Kinder Morgan has a 12 month low of $16.47 and a 12 month high of $28.81. The company has a market cap of $61.68 billion, a PE ratio of 24.36, a price-to-earnings-growth ratio of 3.95 and a beta of 0.95. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The company has a 50 day moving average of $25.65 and a 200 day moving average of $22.34.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the previous year, the business earned $0.25 earnings per share. Kinder Morgan’s revenue was down 5.3% on a year-over-year basis. On average, sell-side analysts expect that Kinder Morgan will post 1.18 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date of this dividend was Thursday, October 31st. Kinder Morgan’s payout ratio is presently 100.88%.

Insiders Place Their Bets

In other news, Director Amy W. Chronis purchased 2,241 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were acquired at an average price of $24.89 per share, with a total value of $55,778.49. Following the acquisition, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Thomas A. Martin sold 19,121 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total transaction of $502,499.88. Following the transaction, the president now directly owns 897,652 shares of the company’s stock, valued at approximately $23,590,294.56. This trade represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 727,263 shares of company stock valued at $18,075,634 over the last three months. Insiders own 12.64% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Northwest Investment Counselors LLC purchased a new position in shares of Kinder Morgan during the third quarter valued at approximately $28,000. HWG Holdings LP purchased a new stake in shares of Kinder Morgan in the 2nd quarter worth about $30,000. Planning Capital Management Corp boosted its position in Kinder Morgan by 143.6% during the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 797 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Kinder Morgan during the second quarter valued at approximately $31,000. Finally, HM Payson & Co. boosted its holdings in shares of Kinder Morgan by 401.8% during the 3rd quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock valued at $32,000 after buying an additional 1,145 shares in the last quarter. 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.