Kinder Morgan (NYSE:KMI) Now Covered by Analysts at Scotiabank

Scotiabank assumed coverage on shares of Kinder Morgan (NYSE:KMI) in a report released on Friday, MarketBeat reports. The brokerage issued a sector perform rating and a $26.00 price objective on the pipeline company’s stock.

KMI has been the subject of a number of other research reports. UBS Group upped their target price on Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Wells Fargo & Company raised their price objective on shares of Kinder Morgan from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. The Goldman Sachs Group boosted their target price on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Truist Financial raised their price target on shares of Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Finally, Bank of America initiated coverage on Kinder Morgan in a report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $26.67.

Kinder Morgan Stock Down 0.3 %

KMI stock opened at $28.20 on Friday. The firm has a 50-day moving average price of $27.31 and a 200-day moving average price of $23.73. Kinder Morgan has a 12 month low of $16.47 and a 12 month high of $28.82. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $62.65 billion, a P/E ratio of 24.74, a price-to-earnings-growth ratio of 3.87 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The business’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 EPS. As a group, equities research analysts anticipate that Kinder Morgan will post 1.18 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.08%. Kinder Morgan’s payout ratio is presently 100.88%.

Insiders Place Their Bets

In other news, President Thomas A. Martin sold 19,121 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total transaction of $502,499.88. Following the completion of the sale, the president now owns 897,652 shares in the company, valued at $23,590,294.56. The trade was a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Amy W. Chronis bought 2,241 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the acquisition, the director now owns 23,995 shares in the company, valued at $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 745,263 shares of company stock worth $18,578,014. 12.81% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kinder Morgan

Several large investors have recently added to or reduced their stakes in KMI. Modus Advisors LLC purchased a new stake in shares of Kinder Morgan in the fourth quarter worth approximately $27,000. Northwest Investment Counselors LLC bought a new stake in Kinder Morgan during the third quarter worth $28,000. HWG Holdings LP purchased a new stake in Kinder Morgan in the 2nd quarter valued at $30,000. Planning Capital Management Corp lifted its stake in Kinder Morgan by 143.6% during the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 797 shares in the last quarter. Finally, HM Payson & Co. boosted its holdings in Kinder Morgan by 401.8% during the 3rd quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock worth $32,000 after acquiring an additional 1,145 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Company Profile

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.