Kinder Morgan (NYSE:KMI) Stock Price Up 1.1% – Still a Buy?

Shares of Kinder Morgan, Inc. (NYSE:KMI) shot up 1.1% on Wednesday . The stock traded as high as $27.76 and last traded at $27.80. 2,784,848 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 15,932,045 shares. The stock had previously closed at $27.50.

Analyst Upgrades and Downgrades

KMI has been the topic of several research reports. Mizuho boosted their price target on shares of Kinder Morgan from $31.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Citigroup boosted their price objective on shares of Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Scotiabank assumed coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price on the stock. Barclays increased their target price on Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Finally, Truist Financial increased their target price on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Nine research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $29.14.

Kinder Morgan Price Performance

The stock has a market cap of $61.51 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 3.12 and a beta of 0.94. The company has a 50 day simple moving average of $27.95 and a 200-day simple moving average of $24.85. The company has a quick ratio of 0.35, a current ratio of 0.49 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. As a group, research analysts anticipate that Kinder Morgan, Inc. will post 1.28 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.2875 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.15 annualized dividend and a dividend yield of 4.15%. Kinder Morgan’s payout ratio is 98.29%.

Insider Buying and Selling

In related news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total transaction of $492,120.00. Following the transaction, the president now owns 879,652 shares in the company, valued at $24,049,685.68. This represents a 2.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 12.81% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kinder Morgan

Several institutional investors have recently modified their holdings of the business. Retirement Wealth Solutions LLC bought a new stake in shares of Kinder Morgan in the 4th quarter valued at about $25,000. Centricity Wealth Management LLC acquired a new stake in Kinder Morgan during the fourth quarter worth about $25,000. Modus Advisors LLC bought a new stake in Kinder Morgan during the fourth quarter worth $27,000. Northwest Investment Counselors LLC acquired a new stake in shares of Kinder Morgan in the 3rd quarter valued at approximately $28,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Kinder Morgan in the 4th quarter valued at $29,000. 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.