Kinder Morgan, Inc. (NYSE:KMI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Kinder Morgan, Inc. (NYSE:KMI) has received a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $23.18.

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Royal Bank of Canada increased their target price on shares of Kinder Morgan from $20.00 to $22.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 30th. Scotiabank lifted their price target on Kinder Morgan from $19.00 to $21.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 17th. Truist Financial increased their price target on Kinder Morgan from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Friday, July 26th. Finally, Argus upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Friday, July 19th.

Insiders Place Their Bets

In related news, VP Sital K. Mody sold 21,413 shares of the stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total value of $455,026.25. Following the completion of the sale, the vice president now owns 25,169 shares of the company’s stock, valued at approximately $534,841.25. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Kinder Morgan news, VP Sital K. Mody sold 21,413 shares of the company’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total value of $455,026.25. Following the completion of the sale, the vice president now directly owns 25,169 shares in the company, valued at $534,841.25. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Dax Sanders sold 1,729 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $21.00, for a total value of $36,309.00. Following the completion of the sale, the vice president now directly owns 307,409 shares of the company’s stock, valued at $6,455,589. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 148,311 shares of company stock valued at $3,121,891 in the last ninety days. 12.64% of the stock is currently owned by corporate insiders.

Institutional Trading of Kinder Morgan

Several hedge funds have recently made changes to their positions in the company. Creative Planning lifted its holdings in Kinder Morgan by 5.2% in the third quarter. Creative Planning now owns 412,376 shares of the pipeline company’s stock valued at $9,109,000 after acquiring an additional 20,468 shares during the last quarter. Wesbanco Bank Inc. grew its holdings in shares of Kinder Morgan by 38.3% during the 3rd quarter. Wesbanco Bank Inc. now owns 160,415 shares of the pipeline company’s stock worth $3,544,000 after purchasing an additional 44,423 shares during the period. Fiduciary Alliance LLC acquired a new stake in shares of Kinder Morgan during the 3rd quarter worth about $3,197,000. ORG Wealth Partners LLC purchased a new stake in Kinder Morgan in the 3rd quarter valued at about $344,000. Finally, Orca Investment Management LLC lifted its position in Kinder Morgan by 4.9% in the third quarter. Orca Investment Management LLC now owns 37,542 shares of the pipeline company’s stock valued at $829,000 after buying an additional 1,765 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Price Performance

NYSE:KMI opened at $24.88 on Tuesday. The firm’s fifty day moving average is $21.80 and its two-hundred day moving average is $20.31. The firm has a market cap of $55.22 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 3.27 and a beta of 0.93. Kinder Morgan has a one year low of $15.91 and a one year high of $25.02. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.28 and a current ratio of 0.37.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, July 17th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The company had revenue of $3.57 billion for the quarter, compared to analyst estimates of $4.13 billion. During the same period last year, the business earned $0.24 earnings per share. The firm’s revenue was up 2.0% on a year-over-year basis. Research analysts expect that Kinder Morgan will post 1.19 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were issued a $0.2875 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $1.15 dividend on an annualized basis and a yield of 4.62%. Kinder Morgan’s payout ratio is 104.55%.

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.