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

Kinder Morgan, Inc. (NYSE:KMI) has been given an average recommendation of “Moderate Buy” by the eighteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $31.25.

KMI has been the topic of a number of research reports. Scotiabank dropped their target price on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating on the stock in a report on Friday, September 19th. BMO Capital Markets initiated coverage on shares of Kinder Morgan in a report on Friday, September 19th. They set an “outperform” rating and a $32.00 target price on the stock. Barclays reissued an “overweight” rating and issued a $32.00 target price (up from $31.00) on shares of Kinder Morgan in a report on Monday, June 23rd. Cowen started coverage on Kinder Morgan in a report on Monday, July 7th. They issued a “buy” rating on the stock. Finally, TD Cowen started coverage on Kinder Morgan in a report on Monday, July 7th. They issued a “buy” rating and a $34.00 target price on the stock.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $27.93 on Tuesday. Kinder Morgan has a 12 month low of $23.06 and a 12 month high of $31.48. The firm has a market capitalization of $62.06 billion, a P/E ratio of 22.89, a P/E/G ratio of 3.35 and a beta of 0.78. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99. The business has a fifty day simple moving average of $27.28 and a two-hundred day simple moving average of $27.46.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 EPS for the quarter, meeting 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 analysts’ expectations of $3.75 billion. During the same quarter in the previous year, the business posted $0.26 EPS. The company’s quarterly revenue was up 13.2% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, equities analysts forecast that Kinder Morgan will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were issued a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan’s payout ratio is 95.90%.

Insiders Place Their Bets

In other Kinder Morgan news, CFO David Patrick Michels sold 40,000 shares of the business’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $28.19, for a total value of $1,127,600.00. Following the sale, the chief financial officer directly owned 159,428 shares of the company’s stock, valued at approximately $4,494,275.32. The trade was a 20.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Dax Sanders sold 30,127 shares of the company’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $27.05, for a total value of $814,935.35. Following the transaction, the executive vice president directly owned 292,000 shares in the company, valued at approximately $7,898,600. The trade was a 9.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 128,008 shares of company stock valued at $3,553,982. Company insiders own 12.73% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Westwood Holdings Group Inc. lifted its holdings in shares of Kinder Morgan by 14.1% during the first quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company’s stock valued at $183,793,000 after purchasing an additional 794,388 shares in the last quarter. Burney Co. lifted its holdings in shares of Kinder Morgan by 133.5% during the first quarter. Burney Co. now owns 442,044 shares of the pipeline company’s stock valued at $12,612,000 after purchasing an additional 252,736 shares in the last quarter. Aberdeen Group plc lifted its holdings in shares of Kinder Morgan by 35.2% during the first quarter. Aberdeen Group plc now owns 2,343,165 shares of the pipeline company’s stock valued at $66,581,000 after purchasing an additional 609,748 shares in the last quarter. Columbus Macro LLC lifted its holdings in shares of Kinder Morgan by 7.4% during the first quarter. Columbus Macro LLC now owns 343,461 shares of the pipeline company’s stock valued at $9,799,000 after purchasing an additional 23,520 shares in the last quarter. Finally, Eagle Global Advisors LLC lifted its holdings in shares of Kinder Morgan by 15.6% during the first quarter. Eagle Global Advisors LLC now owns 1,016,490 shares of the pipeline company’s stock valued at $29,000,000 after purchasing an additional 137,030 shares in the last quarter. 62.52% of the stock is owned by institutional investors.

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.