Zacks Research Downgrades Kinder Morgan (NYSE:KMI) to Hold

Kinder Morgan (NYSE:KMI) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other equities analysts have also issued research reports about the stock. Scotiabank upped their price target on shares of Kinder Morgan from $31.00 to $32.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 26th. Truist Financial started coverage on shares of Kinder Morgan in a research report on Tuesday, March 24th. They issued a “hold” rating and a $38.00 target price for the company. Jefferies Financial Group dropped their price target on shares of Kinder Morgan from $36.00 to $34.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. UBS Group reaffirmed a “buy” rating and set a $43.00 price target on shares of Kinder Morgan in a report on Monday, June 15th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Kinder Morgan in a report on Wednesday, June 10th. Eight research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, Kinder Morgan currently has an average rating of “Hold” and an average price target of $34.71.

Kinder Morgan Price Performance

KMI opened at $32.60 on Tuesday. The company has a quick ratio of 0.41, a current ratio of 0.52 and a debt-to-equity ratio of 0.92. The company’s 50-day moving average price is $32.11 and its 200 day moving average price is $31.04. Kinder Morgan has a fifty-two week low of $25.60 and a fifty-two week high of $34.81. The firm has a market cap of $72.54 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 2.71 and a beta of 0.54.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.38 by $0.10. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.The company had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.55 billion. During the same period in the prior year, the company earned $0.34 earnings per share. The business’s revenue was up 13.8% compared to the same quarter last year. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, sell-side analysts expect that Kinder Morgan will post 1.49 earnings per share for the current year.

Insider Activity

In related news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $32.41, for a total transaction of $199,840.06. Following the transaction, the vice president directly owned 176,540 shares of the company’s stock, valued at $5,721,661.40. The trade was a 3.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total transaction of $48,732.00. Following the completion of the sale, the vice president directly owned 41,743 shares of the company’s stock, valued at $1,312,399.92. The trade was a 3.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 23,148 shares of company stock valued at $749,206 in the last ninety days. Company insiders own 12.72% of the company’s stock.

Institutional Trading of Kinder Morgan

Large investors have recently added to or reduced their stakes in the business. Board of the Pension Protection Fund bought a new position in shares of Kinder Morgan in the fourth quarter valued at $27,000. Commonwealth Retirement Investments LLC purchased a new stake in shares of Kinder Morgan during the fourth quarter valued at $27,000. Frazier Financial Advisors LLC acquired a new position in shares of Kinder Morgan in the 1st quarter valued at $28,000. Acumen Wealth Advisors LLC purchased a new position in Kinder Morgan in the 4th quarter worth about $28,000. Finally, Dorato Capital Management purchased a new position in Kinder Morgan in the 4th quarter worth about $30,000. 62.52% of the stock is currently owned by institutional investors.

About Kinder Morgan

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.