Kinder Morgan Inc. (KMI) Receives $22.65 Average PT from Brokerages
Shares of Kinder Morgan Inc. (NYSE:KMI) have been given an average rating of “Buy” by the twenty-three research firms that are currently covering the company. Nine research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $22.65.
Several brokerages have commented on KMI. Morgan Stanley set a $24.00 target price on Kinder Morgan and gave the company a “buy” rating in a research note on Thursday, October 20th. Goldman Sachs Group Inc. set a $24.00 target price on Kinder Morgan and gave the company a “buy” rating in a research note on Thursday, October 20th. Barclays PLC set a $25.00 price target on Kinder Morgan and gave the stock a “buy” rating in a research note on Thursday, October 20th. Credit Suisse Group AG upgraded Kinder Morgan from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $23.00 to $26.00 in a research note on Thursday, October 20th. Finally, Wolfe Research upgraded Kinder Morgan from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 20th.
Shares of Kinder Morgan (NYSE:KMI) opened at 21.67 on Thursday. Kinder Morgan has a 1-year low of $11.20 and a 1-year high of $24.62. The company’s market capitalization is $48.38 billion. The company’s 50 day moving average price is $21.19 and its 200-day moving average price is $19.99.
Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 19th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.15 by $0.25. Kinder Morgan had a negative net margin of 1.13% and a positive return on equity of 4.69%. The business had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same quarter in the prior year, the business posted $0.08 earnings per share. The business’s revenue for the quarter was down 10.2% on a year-over-year basis. On average, equities analysts forecast that Kinder Morgan will post $0.64 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, October 28th. This represents a $0.50 annualized dividend and a yield of 2.31%. Kinder Morgan’s dividend payout ratio is currently -416.67%.
In related news, Director Fayez Sarofim purchased 700,000 shares of the company’s stock in a transaction that occurred on Monday, October 24th. The stock was bought at an average price of $21.41 per share, for a total transaction of $14,987,000.00. Following the completion of the transaction, the director now owns 29,142,387 shares in the company, valued at approximately $623,938,505.67. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 13.97% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KMI. Whalerock Point Partners LLC bought a new position in Kinder Morgan during the third quarter valued at approximately $653,000. Piedmont Investment Advisors LLC bought a new position in Kinder Morgan during the third quarter valued at approximately $13,526,000. Price T Rowe Associates Inc. MD raised its position in Kinder Morgan by 9.1% in the third quarter. Price T Rowe Associates Inc. MD now owns 3,633,836 shares of the company’s stock valued at $84,051,000 after buying an additional 302,010 shares in the last quarter. Altfest L J & Co. Inc. bought a new position in Kinder Morgan during the third quarter valued at approximately $1,850,000. Finally, Cornerstone Capital Management Holdings LLC. raised its position in Kinder Morgan by 4.8% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 569,888 shares of the company’s stock valued at $13,181,000 after buying an additional 26,282 shares in the last quarter. Institutional investors own 54.72% of the company’s stock.
Kinder Morgan Company Profile
Kinder Morgan, Inc (KMI) is an energy infrastructure company in North America. The Company segments include Natural Gas Pipelines, carbon dioxide (CO2), Terminals, Products Pipelines, Kinder Morgan Canada and Other. The Company’s Natural Gas Pipelines segment includes interstate and intrastate pipelines and its liquefied natural gas (LNG) terminals.
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