Kinder Morgan, Inc. (NYSE:KMI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Kinder Morgan, Inc. (NYSE:KMI) has been given a consensus recommendation of “Moderate Buy” by the eighteen research firms that are presently covering the company, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $34.20.

KMI has been the subject of several recent analyst reports. Truist Financial initiated coverage on Kinder Morgan in a research note on Tuesday, March 24th. They set a “hold” rating and a $38.00 target price for the company. Wells Fargo & Company lifted their price objective on Kinder Morgan from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, March 13th. TD Cowen lifted their price objective on Kinder Morgan from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Royal Bank Of Canada lifted their price objective on Kinder Morgan from $32.00 to $35.00 and gave the company a “sector perform” rating in a research note on Monday, March 30th. Finally, Mizuho lifted their price objective on Kinder Morgan from $31.00 to $37.00 and gave the company an “outperform” rating in a research note on Thursday, March 5th.

Insider Activity

In other news, VP John W. Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $32.41, for a total value of $199,840.06. Following the completion of the sale, the vice president directly owned 176,540 shares of the company’s stock, valued at approximately $5,721,661.40. The trade was a 3.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $31.72, for a total value of $49,166.00. Following the completion of the sale, the vice president directly owned 44,843 shares of the company’s stock, valued at $1,422,419.96. The trade was a 3.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 29,598 shares of company stock valued at $966,877. 12.72% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kinder Morgan

Institutional investors have recently modified their holdings of the company. Ashford Capital Management Inc. grew its stake in Kinder Morgan by 22.0% during the 1st quarter. Ashford Capital Management Inc. now owns 87,493 shares of the pipeline company’s stock worth $2,934,000 after purchasing an additional 15,785 shares in the last quarter. Quantinno Capital Management LP grew its stake in Kinder Morgan by 18.0% during the 1st quarter. Quantinno Capital Management LP now owns 1,791,193 shares of the pipeline company’s stock worth $60,059,000 after purchasing an additional 273,684 shares in the last quarter. BROOKFIELD Corp ON grew its stake in Kinder Morgan by 28.0% during the 1st quarter. BROOKFIELD Corp ON now owns 2,862,006 shares of the pipeline company’s stock worth $95,963,000 after purchasing an additional 626,572 shares in the last quarter. Lazard Asset Management LLC grew its stake in Kinder Morgan by 6.6% during the 1st quarter. Lazard Asset Management LLC now owns 25,071 shares of the pipeline company’s stock worth $841,000 after purchasing an additional 1,544 shares in the last quarter. Finally, Cardiff Park Advisors LLC acquired a new position in Kinder Morgan during the 1st quarter worth $228,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Price Performance

KMI stock opened at $33.63 on Wednesday. The business has a fifty day moving average of $32.73 and a two-hundred day moving average of $29.97. 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 stock has a market cap of $74.81 billion, a price-to-earnings ratio of 22.57, a price-to-earnings-growth ratio of 2.88 and a beta of 0.56. Kinder Morgan has a 52-week low of $25.60 and a 52-week high of $34.73.

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

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were paid a $0.2975 dividend. The ex-dividend date of this dividend was Monday, May 4th. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.29. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.5%. Kinder Morgan’s payout ratio is presently 79.87%.

Kinder Morgan Company Profile

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.