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

Key Points

• Melius Research initiated coverage of Kinder Morgan with a “buy” rating and a $38 price target, implying approximately 19.8% upside from the prior close.
• Analyst sentiment remains mixed: eight analysts rate the stock a Buy and ten rate it a Hold, resulting in a consensus Hold rating and an average price target of $35.67.
• Kinder Morgan recently exceeded quarterly expectations, reporting $0.37 in earnings per share versus the $0.31 consensus and revenue of $4.48 billion, up 10.8% year over year.

Research analysts at Melius Research began coverage on shares of Kinder Morgan (NYSE:KMI - Get Free Report) in a research report issued on Tuesday, Briefing.com reports. The firm set a "buy" rating and a $38.00 price target on the pipeline company's stock. Melius Research's target price would suggest a potential upside of 19.76% from the stock's previous close.

Several other research analysts have also recently weighed in on the stock. Jefferies Financial Group dropped their price target on shares of Kinder Morgan from $35.00 to $33.00 and set a "hold" rating on the stock in a research note on Thursday. UBS Group reaffirmed a "buy" rating and issued a $43.00 target price on shares of Kinder Morgan in a report on Monday, June 15th. Citigroup reissued a "neutral" rating on shares of Kinder Morgan in a report on Wednesday, July 29th. Zacks Research cut Kinder Morgan from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 23rd. Finally, Morgan Stanley set a $33.00 price objective on Kinder Morgan in a research report on Thursday. Eight analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $35.67.

Kinder Morgan Trading Down 0.3%

Shares of NYSE:KMI opened at $31.73 on Tuesday. The stock's 50-day simple moving average is $31.76 and its two-hundred day simple moving average is $32.24. The stock has a market capitalization of $70.66 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 2.24 and a beta of 0.56. Kinder Morgan has a 52-week low of $25.60 and a 52-week high of $34.81. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.36 and a current ratio of 0.46.

Kinder Morgan (NYSE:KMI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.06. The firm had revenue of $4.48 billion for the quarter, compared to analysts' expectations of $4.22 billion. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The business's quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.28 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Analysts expect that Kinder Morgan will post 1.55 EPS for the current year.

Insider Buying and Selling

In other Kinder Morgan news, VP Michael Garthwaite sold 1,550 shares of the company's stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $30.80, for a total value of $47,740.00. Following the completion of the transaction, the vice president directly owned 48,863 shares in the company, valued at $1,504,980.40. This represents a 3.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John Schlosser sold 6,166 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $31.90, for a total transaction of $196,695.40. Following the sale, the vice president directly owned 164,208 shares of the company's stock, valued at approximately $5,238,235.20. This trade represents a 3.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 12.72% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kinder Morgan

Large investors have recently made changes to their positions in the company. BlackRock Inc. increased its stake in Kinder Morgan by 1.1% in the 2nd quarter. BlackRock Inc. now owns 175,834,246 shares of the pipeline company's stock worth $5,621,421,000 after acquiring an additional 1,875,143 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Kinder Morgan by 1.4% in the first quarter. Bank of America Corp DE now owns 62,018,394 shares of the pipeline company's stock valued at $2,079,477,000 after purchasing an additional 836,571 shares in the last quarter. Norges Bank purchased a new position in shares of Kinder Morgan in the fourth quarter valued at $1,132,125,000. Dimensional Fund Advisors LP increased its position in Kinder Morgan by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 17,237,384 shares of the pipeline company's stock worth $577,998,000 after purchasing an additional 448,130 shares during the last quarter. Finally, Amundi raised its stake in Kinder Morgan by 5.8% during the first quarter. Amundi now owns 15,130,700 shares of the pipeline company's stock valued at $507,332,000 after purchasing an additional 831,125 shares in the last quarter. 62.52% of the stock is owned by institutional investors.

About Kinder Morgan

Kinder Morgan, Inc NYSE: KMI is an energy infrastructure company that owns and operates pipelines, terminals, and storage facilities across North America. Its assets transport and store natural gas, crude oil, refined petroleum products, renewable fuels, and carbon dioxide.

The company's natural gas business supports gathering, processing, transportation, and storage, while its products pipeline network serves refineries, airports, utilities, and other industrial customers. Kinder Morgan also operates bulk and liquids terminals that handle energy products and other commodities, along with carbon dioxide infrastructure used in enhanced oil recovery and related applications.

Founded in 1997, Kinder Morgan has expanded through acquisitions and the development of energy infrastructure in the United States and Canada.

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