Kinder Morgan (NYSE:KMI) Stock Price Up 1.1% – Should You Buy?

Kinder Morgan, Inc. (NYSE:KMI)’s stock price rose 1.1% during mid-day trading on Monday. The company traded as high as $31.69 and last traded at $31.4140. 9,328,486 shares were traded during trading, a decline of 23% from the average session volume of 12,160,411 shares. The stock had previously closed at $31.07.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on KMI shares. Royal Bank Of Canada raised their target price on shares of Kinder Morgan from $35.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Tuesday, September 22nd. The Goldman Sachs Group reiterated a “buy” rating on shares of Kinder Morgan in a research report on Wednesday, June 10th. UBS Group reissued a “buy” rating and issued a $43.00 price objective on shares of Kinder Morgan in a research note on Monday, June 15th. Stifel Nicolaus assumed coverage on shares of Kinder Morgan in a research note on Wednesday, September 9th. They set a “hold” rating and a $35.00 target price on the stock. Finally, Wells Fargo & Company upped their target price on shares of Kinder Morgan from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Eight research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Kinder Morgan presently has an average rating of “Hold” and an average target price of $35.77.

Kinder Morgan Price Performance

The firm’s fifty day moving average price is $31.46 and its 200 day moving average price is $32.06. The company has a quick ratio of 0.36, a current ratio of 0.46 and a debt-to-equity ratio of 0.91. The stock has a market cap of $71.70 billion, a PE ratio of 20.64, a P/E/G ratio of 2.21 and a beta of 0.59.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.06. The company had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.22 billion. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. Kinder Morgan’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period last year, the company posted $0.28 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, equities analysts expect that Kinder Morgan, Inc. will post 1.55 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were given a dividend of $0.2975 per share. The ex-dividend date was Monday, August 3rd. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.7%. Kinder Morgan’s dividend payout ratio (DPR) is presently 76.28%.

Insider Activity

In related news, VP Michael Garthwaite sold 1,550 shares of the business’s stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $30.80, for a total value of $47,740.00. Following the sale, the vice president directly owned 48,863 shares in the company, valued at approximately $1,504,980.40. The trade was a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 12.72% of the company’s stock.

Institutional Trading of Kinder Morgan

Several hedge funds have recently modified their holdings of KMI. OP Asset Management Ltd purchased a new stake in Kinder Morgan in the first quarter worth about $6,412,000. Cerity Partners LLC lifted its position in shares of Kinder Morgan by 8.8% in the 4th quarter. Cerity Partners LLC now owns 1,056,258 shares of the pipeline company’s stock worth $29,037,000 after purchasing an additional 85,625 shares during the period. USS Investment Management Ltd lifted its position in shares of Kinder Morgan by 10.3% in the 1st quarter. USS Investment Management Ltd now owns 421,306 shares of the pipeline company’s stock worth $14,116,000 after purchasing an additional 39,418 shares during the period. Miller Howard Investments Inc. NY boosted its stake in shares of Kinder Morgan by 3.2% during the first quarter. Miller Howard Investments Inc. NY now owns 1,822,905 shares of the pipeline company’s stock valued at $61,122,000 after purchasing an additional 57,198 shares in the last quarter. Finally, Oak Family Advisors LLC bought a new position in shares of Kinder Morgan during the second quarter valued at approximately $3,627,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

About Kinder Morgan

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and storage facilities. Its assets primarily transport and store natural gas, crude oil, refined petroleum products, and carbon dioxide, supporting energy producers, utilities, refiners, industrial companies, and other customers.

The company’s natural gas business includes interstate and intrastate pipelines, gathering and processing systems, and underground storage facilities.