Kinder Morgan (NYSE:KMI) Stock Price Up 1.7% – Should You Buy?

Kinder Morgan, Inc. (NYSE:KMI)’s share price traded up 1.7% during trading on Monday. The company traded as high as $33.10 and last traded at $33.0570. Approximately 7,899,548 shares were traded during trading, a decline of 35% from the average daily volume of 12,142,278 shares. The stock had previously closed at $32.49.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on KMI shares. Argus lifted their target price on Kinder Morgan from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. 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 on the stock. JPMorgan Chase & Co. raised their price objective on shares of Kinder Morgan from $34.00 to $36.00 and gave the company a “neutral” rating in a research note on Friday, September 4th. Capital One Financial initiated coverage on shares of Kinder Morgan in a report on Tuesday, September 22nd. They issued an “equal weight” rating and a $36.00 price objective for the company. Finally, Stifel Nicolaus initiated coverage on shares of Kinder Morgan in a report on Wednesday, September 9th. They issued a “hold” rating and a $35.00 price objective for the company. Eleven investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and an average target price of $35.47.

Kinder Morgan Stock Performance

The firm has a market capitalization of $73.61 billion, a price-to-earnings ratio of 21.19, a PEG ratio of 2.29 and a beta of 0.59. The firm has a 50 day moving average price of $31.48 and a 200-day moving average price of $32.04. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.46 and a quick ratio of 0.36.

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

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were paid a $0.2975 dividend. This represents a $1.19 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Monday, August 3rd. Kinder Morgan’s dividend payout ratio (DPR) is presently 76.28%.

Insider Activity at Kinder Morgan

In related news, VP Michael Garthwaite sold 1,550 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $30.80, for a total transaction 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. This represents 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 12.72% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Sacks & Associates LLC purchased a new stake in shares of Kinder Morgan during the 3rd quarter worth $581,000. Dupree Financial Group LLC grew its stake in shares of Kinder Morgan by 2.1% during the third quarter. Dupree Financial Group LLC now owns 200,723 shares of the pipeline company’s stock worth $6,052,000 after purchasing an additional 4,182 shares in the last quarter. Oak Grove Capital LLC increased its holdings in Kinder Morgan by 4.4% in the third quarter. Oak Grove Capital LLC now owns 439,412 shares of the pipeline company’s stock valued at $13,248,000 after buying an additional 18,575 shares during the last quarter. Valley Wealth Managers Inc. increased its holdings in Kinder Morgan by 1.3% in the third quarter. Valley Wealth Managers Inc. now owns 169,865 shares of the pipeline company’s stock valued at $5,121,000 after buying an additional 2,222 shares during the last quarter. Finally, Stokes Capital Advisors LLC increased its holdings in Kinder Morgan by 1.1% in the third quarter. Stokes Capital Advisors LLC now owns 110,148 shares of the pipeline company’s stock valued at $3,321,000 after buying an additional 1,164 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

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.