Kinder Morgan, Inc. (NYSE:KMI) Receives $31.33 Consensus Target Price from Analysts

Shares of Kinder Morgan, Inc. (NYSE:KMI) have received a consensus recommendation of “Moderate Buy” from the seventeen brokerages that are presently covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $31.3333.

A number of research firms have recently weighed in on KMI. Stifel Nicolaus upped their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Tuesday, November 11th. UBS Group reiterated a “buy” rating and issued a $38.00 price objective on shares of Kinder Morgan in a research note on Friday. Mizuho lowered their target price on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating on the stock in a research report on Friday, November 14th. Morgan Stanley set a $30.00 price target on shares of Kinder Morgan in a research report on Thursday, October 9th. Finally, Jefferies Financial Group assumed coverage on Kinder Morgan in a research note on Thursday, October 9th. They set a “hold” rating and a $30.00 price target on the stock.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $26.34 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.49 and a debt-to-equity ratio of 0.98. The stock has a 50 day simple moving average of $26.89 and a 200-day simple moving average of $27.34. The company has a market cap of $58.59 billion, a price-to-earnings ratio of 21.59, a price-to-earnings-growth ratio of 2.35 and a beta of 0.67. Kinder Morgan has a 12-month low of $23.94 and a 12-month high of $31.48.

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

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 3rd were given a dividend of $0.2925 per share. This represents a $1.17 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Monday, November 3rd. Kinder Morgan’s payout ratio is presently 95.90%.

Insider Activity

In other news, Chairman Richard D. Kinder purchased 1,000,000 shares of the business’s stock in a transaction dated Monday, October 27th. The stock was acquired at an average price of $25.96 per share, with a total value of $25,960,000.00. Following the purchase, the chairman directly owned 246,212,353 shares of the company’s stock, valued at $6,391,672,683.88. This represents a 0.41% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Amy W. Chronis acquired 3,800 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was acquired at an average price of $26.23 per share, for a total transaction of $99,674.00. Following the completion of the transaction, the director directly owned 39,051 shares in the company, valued at approximately $1,024,307.73. This represents a 10.78% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders bought 1,004,287 shares of company stock worth $26,072,463 and sold 18,498 shares worth $511,655. Company insiders own 12.73% of the company’s stock.

Institutional Trading of Kinder Morgan

Several large investors have recently modified their holdings of the business. Brighton Jones LLC acquired a new stake in Kinder Morgan during the 4th quarter valued at $308,000. Vestmark Advisory Solutions Inc. boosted its stake in shares of Kinder Morgan by 84.0% during the first quarter. Vestmark Advisory Solutions Inc. now owns 48,280 shares of the pipeline company’s stock valued at $1,377,000 after acquiring an additional 22,045 shares during the last quarter. Horizon Investments LLC increased its position in Kinder Morgan by 5.3% during the 1st quarter. Horizon Investments LLC now owns 27,817 shares of the pipeline company’s stock worth $785,000 after purchasing an additional 1,389 shares in the last quarter. Aberdeen Group plc raised its stake in Kinder Morgan by 35.2% in the 1st quarter. Aberdeen Group plc now owns 2,343,165 shares of the pipeline company’s stock valued at $66,581,000 after purchasing an additional 609,748 shares during the last quarter. Finally, Ethic Inc. raised its stake in Kinder Morgan by 1.3% in the 1st quarter. Ethic Inc. now owns 135,350 shares of the pipeline company’s stock valued at $3,875,000 after purchasing an additional 1,680 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

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.