Kinder Morgan, Inc. (NYSE:KMI) Receives $31.19 Consensus Target Price from Brokerages

Shares of Kinder Morgan, Inc. (NYSE:KMI) have earned an average rating of “Moderate Buy” from the eighteen ratings firms that are presently covering the stock, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $31.1875.

KMI has been the subject of several recent analyst reports. Jefferies Financial Group started coverage on Kinder Morgan in a research note on Thursday, October 9th. They set a “hold” rating and a $30.00 price target for the company. Stifel Nicolaus upped their target price on Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Tuesday, November 11th. JPMorgan Chase & Co. increased their price target on Kinder Morgan from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Morgan Stanley set a $30.00 price target on shares of Kinder Morgan in a research report on Thursday, October 9th. Finally, Scotiabank decreased their price objective on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a report on Friday, September 19th.

Insider Activity

In related news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $27.00, for a total transaction of $166,482.00. Following the completion of the sale, the vice president owned 213,536 shares in the company, valued at $5,765,472. This represents a 2.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Richard D. Kinder purchased 1,000,000 shares of the company’s stock in a transaction on Monday, October 27th. The stock was acquired at an average cost of $25.96 per share, for a total transaction of $25,960,000.00. Following the completion of the transaction, the chairman owned 246,212,353 shares in the company, valued at approximately $6,391,672,683.88. This trade represents a 0.41% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have acquired 1,004,287 shares of company stock valued at $26,072,463 and have sold 18,498 shares valued at $506,660. 12.73% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kinder Morgan

Hedge funds have recently modified their holdings of the business. LFA Lugano Financial Advisors SA acquired a new position in Kinder Morgan during the 2nd quarter valued at $26,000. Cranbrook Wealth Management LLC grew its position in Kinder Morgan by 116.1% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company’s stock worth $31,000 after purchasing an additional 562 shares during the last quarter. Wolff Wiese Magana LLC bought a new position in shares of Kinder Morgan during the 2nd quarter worth about $34,000. CoreFirst Bank & Trust acquired a new position in shares of Kinder Morgan during the second quarter valued at about $35,000. Finally, Private Wealth Management Group LLC lifted its stake in shares of Kinder Morgan by 94.9% in the third quarter. Private Wealth Management Group LLC now owns 1,222 shares of the pipeline company’s stock valued at $35,000 after buying an additional 595 shares during the period. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Stock Up 1.0%

Kinder Morgan stock opened at $26.98 on Wednesday. The company has a current ratio of 0.63, a quick ratio of 0.53 and a debt-to-equity ratio of 0.98. Kinder Morgan has a 1-year low of $23.94 and a 1-year high of $31.48. The firm’s fifty day simple moving average is $27.18 and its 200-day simple moving average is $27.43. The company has a market capitalization of $60.02 billion, a P/E ratio of 22.11, a P/E/G ratio of 3.01 and a beta of 0.77.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.29. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $3.98 billion. During the same period in the prior year, the company posted $0.25 earnings per share. Kinder Morgan’s revenue for the quarter was up 12.1% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Sell-side analysts forecast that Kinder Morgan will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were issued a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Monday, November 3rd. Kinder Morgan’s dividend payout ratio is 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.