Kinder Morgan, Inc. (NYSE:KMI) Receives $27.00 Average Price Target from Analysts

Kinder Morgan, Inc. (NYSE:KMI) has received a consensus recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $28.92.

KMI has been the subject of several research reports. UBS Group upped their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Mizuho increased their price target on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday. The Goldman Sachs Group increased their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Scotiabank began coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price target for the company. Finally, Wells Fargo & Company increased their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday.

Insiders Place Their Bets

In other news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the sale, the president now directly owns 861,652 shares in the company, valued at approximately $24,048,707.32. This trade represents a 2.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Amy W. Chronis acquired 2,241 shares of Kinder Morgan stock in a transaction dated Tuesday, November 5th. The stock was purchased at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the acquisition, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. This represents a 10.30 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 55,121 shares of company stock worth $1,497,000 in the last ninety days. 12.64% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of KMI. Canada Pension Plan Investment Board grew its position in shares of Kinder Morgan by 147.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 352,845 shares of the pipeline company’s stock valued at $7,011,000 after buying an additional 210,341 shares during the last quarter. AE Wealth Management LLC grew its position in Kinder Morgan by 9.3% during the 2nd quarter. AE Wealth Management LLC now owns 46,888 shares of the pipeline company’s stock worth $932,000 after purchasing an additional 4,003 shares during the last quarter. Sei Investments Co. grew its position in Kinder Morgan by 14.6% during the 2nd quarter. Sei Investments Co. now owns 803,815 shares of the pipeline company’s stock worth $15,973,000 after purchasing an additional 102,447 shares during the last quarter. ProShare Advisors LLC grew its position in Kinder Morgan by 4.5% during the 2nd quarter. ProShare Advisors LLC now owns 540,050 shares of the pipeline company’s stock worth $10,731,000 after purchasing an additional 23,039 shares during the last quarter. Finally, 1832 Asset Management L.P. purchased a new position in Kinder Morgan during the 2nd quarter worth $2,561,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Stock Down 0.8 %

KMI opened at $30.23 on Thursday. Kinder Morgan has a twelve month low of $16.47 and a twelve month high of $31.48. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The company has a 50-day moving average price of $28.03 and a 200 day moving average price of $24.44. The company has a market cap of $67.16 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 4.13 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.10% and a net margin of 17.31%. Sell-side analysts expect that Kinder Morgan will post 1.27 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.2875 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 3.80%. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

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.