Kinder Morgan (NYSE:KMI) Stock Price Up 2.5% – Here’s What Happened

Kinder Morgan, Inc. (NYSE:KMI)’s share price shot up 2.5% on Tuesday. The stock traded as high as $32.31 and last traded at $32.20. 15,606,039 shares were traded during trading, an increase of 28% from the average daily volume of 12,184,577 shares. The stock had previously closed at $31.41.

Wall Street Analyst Weigh In

Several research firms have commented on KMI. Stifel Nicolaus began coverage on shares of Kinder Morgan in a research note on Wednesday, September 9th. They issued a “hold” rating and a $35.00 price objective for the company. Zacks Research cut Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Morgan Stanley set a $33.00 target price on Kinder Morgan in a research report on Thursday, September 17th. Melius Research initiated coverage on shares of Kinder Morgan in a research report on Tuesday, September 22nd. They set a “buy” rating and a $38.00 price target for the company. Finally, UBS Group reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Kinder Morgan in a research report on Monday, June 15th. Eight analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on 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 stock has a market cap of $71.98 billion, a P/E ratio of 20.72, a price-to-earnings-growth ratio of 2.26 and a beta of 0.59. 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 business’s 50-day simple moving average is $31.46 and its two-hundred day simple moving average is $32.05.

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

Kinder Morgan Announces Dividend

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

Insider Buying and Selling at Kinder Morgan

In related news, VP Michael Garthwaite sold 1,550 shares of the stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $30.80, for a total transaction of $47,740.00. Following the sale, the vice president owned 48,863 shares of the company’s stock, valued at approximately $1,504,980.40. This represents a 3.07% decrease in their position. The sale was disclosed in a document filed with the SEC, 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.

Hedge Funds Weigh In On Kinder Morgan

Large investors have recently modified their holdings of the company. Evolution Wealth Management Inc. boosted its holdings in Kinder Morgan by 4,166.7% in the 2nd quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 750 shares during the period. Transamerica Financial Advisors LLC increased its position in shares of Kinder Morgan by 72.9% in the second quarter. Transamerica Financial Advisors LLC now owns 778 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 328 shares during the last quarter. Commonwealth Retirement Investments LLC bought a new position in shares of Kinder Morgan in the 4th quarter worth $27,000. Frazier Financial Advisors LLC purchased a new stake in Kinder Morgan during the first quarter valued at about $28,000. Finally, Bell Investment Advisors Inc boosted its stake in Kinder Morgan by 112.1% in the second quarter. Bell Investment Advisors Inc now owns 946 shares of the pipeline company’s stock worth $30,000 after buying an additional 500 shares in the last quarter. 62.52% of the stock is currently owned by 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.