Kinder Morgan, Inc. (NYSE:KMI) Receives $34.71 Consensus Target Price from Brokerages

Kinder Morgan, Inc. (NYSE:KMI) has been given an average recommendation of “Hold” by the nineteen brokerages that are presently covering the firm, MarketBeat.com reports. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $34.7143.

A number of research analysts have commented on the company. Stifel Nicolaus increased their target price on Kinder Morgan from $30.00 to $33.00 and gave the stock a “hold” rating in a report on Friday, March 13th. Wolfe Research cut Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Zacks Research downgraded shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Weiss Ratings cut shares of Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, June 23rd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Kinder Morgan in a report on Wednesday, June 10th.

Insider Buying and Selling

In related news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $32.41, for a total value of $199,840.06. Following the sale, the vice president owned 176,540 shares of the company’s stock, valued at $5,721,661.40. This trade represents a 3.37% decrease in their position. The transaction was disclosed in a legal 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. Also, VP Michael P. Garthwaite sold 1,550 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total transaction of $48,732.00. Following the transaction, the vice president directly owned 41,743 shares of the company’s stock, valued at $1,312,399.92. The trade was a 3.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 23,148 shares of company stock valued at $742,855 in the last 90 days. Insiders own 12.72% of the company’s stock.

Institutional Trading of Kinder Morgan

Several hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC acquired a new stake in Kinder Morgan in the fourth quarter worth about $308,000. Schnieders Capital Management LLC. increased its stake in Kinder Morgan by 11.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 69,444 shares of the pipeline company’s stock valued at $2,042,000 after buying an additional 7,081 shares during the period. NewEdge Advisors LLC increased its stake in Kinder Morgan by 2.1% during the 2nd quarter. NewEdge Advisors LLC now owns 270,876 shares of the pipeline company’s stock valued at $7,964,000 after buying an additional 5,586 shares during the period. Nebula Research & Development LLC bought a new stake in shares of Kinder Morgan during the 2nd quarter worth about $1,168,000. Finally, Sei Investments Co. lifted its stake in shares of Kinder Morgan by 20.4% in the 2nd quarter. Sei Investments Co. now owns 861,465 shares of the pipeline company’s stock worth $25,328,000 after acquiring an additional 145,806 shares during the period. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Up 2.3%

NYSE KMI opened at $32.41 on Thursday. The company has a market capitalization of $72.12 billion, a price-to-earnings ratio of 21.72, a price-to-earnings-growth ratio of 2.67 and a beta of 0.54. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.52 and a quick ratio of 0.41. Kinder Morgan has a 12 month low of $25.60 and a 12 month high of $34.81. The company’s fifty day moving average price is $32.18 and its two-hundred day moving average price is $31.31.

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

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were given a dividend of $0.2975 per share. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Monday, May 4th. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s payout ratio is currently 79.87%.

About Kinder Morgan

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.