Kinder Morgan, Inc. (NYSE:KMI) Stock Has Consensus Target Price of $37.15

Key Points

• Analysts rate Kinder Morgan a “Moderate Buy”: 12 of 23 covering brokerages recommend buying, while 11 rate it a hold. Their average 12-month price target is $37.15, compared with the stock’s $32.90 opening price.
• Quarterly results topped expectations: Kinder Morgan reported EPS of $0.35 versus the $0.33 consensus and revenue of $4.53 billion versus estimates of $4.37 billion; revenue rose 9.3% year over year.
• The company declared a quarterly dividend of $0.2975 per share, equivalent to $1.19 annually and a 3.6% yield at the article’s cited share price.

Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) has received an average recommendation of "Moderate Buy" from the twenty-three brokerages that are presently covering the firm, Marketbeat reports. Eleven research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $37.15.

Several equities analysts recently commented on KMI shares. UBS Group restated a "buy" rating on shares of Kinder Morgan in a report on Tuesday, October 27th. Weiss Ratings raised shares of Kinder Morgan from a "buy (b)" rating to a "buy (b+)" rating in a research report on Friday, October 23rd. TD Cowen lifted their price objective on shares of Kinder Morgan from $38.00 to $40.00 and gave the company a "buy" rating in a research note on Thursday, October 22nd. Stifel Nicolaus began coverage on shares of Kinder Morgan in a research note on Wednesday, September 9th. They set a "hold" rating and a $35.00 price objective on the stock. Finally, Royal Bank Of Canada boosted their target price on shares of Kinder Morgan from $36.00 to $38.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 28th.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $32.90 on Wednesday. Kinder Morgan has a 1-year low of $25.66 and a 1-year high of $34.81. The business has a 50-day moving average of $32.13 and a 200-day moving average of $32.08. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.67 and a quick ratio of 0.55. The company has a market capitalization of $73.29 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 2.28 and a beta of 0.58.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its earnings results on Wednesday, October 21st. The pipeline company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.02. The business had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.37 billion. Kinder Morgan had a return on equity of 10.84% and a net margin of 19.64%. The company's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 earnings per share. On average, equities analysts anticipate that Kinder Morgan will post 1.57 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Monday, November 2nd will be paid a dividend of $0.2975 per share. The ex-dividend date is Monday, November 2nd. This represents a $1.19 annualized dividend and a dividend yield of 3.6%. Kinder Morgan's dividend payout ratio (DPR) is currently 73.46%.

Insider Activity

In other news, VP Michael Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $33.65, for a total transaction of $52,157.50. Following the sale, the vice president directly owned 47,313 shares of the company's stock, valued at approximately $1,592,082.45. The trade was a 3.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 12.72% of the company's stock.

Institutional Investors Weigh In On Kinder Morgan

A number of hedge funds have recently bought and sold shares of KMI. Quadrant Capital Group LLC increased its position in Kinder Morgan by 0.7% during the third quarter. Quadrant Capital Group LLC now owns 47,788 shares of the pipeline company's stock worth $1,598,000 after buying an additional 309 shares during the last quarter. Laurel Wealth Advisors LLC lifted its position in shares of Kinder Morgan by 3.6% in the third quarter. Laurel Wealth Advisors LLC now owns 9,068 shares of the pipeline company's stock valued at $273,000 after buying an additional 312 shares during the last quarter. Klingman & Associates LLC lifted its position in shares of Kinder Morgan by 3.9% in the first quarter. Klingman & Associates LLC now owns 8,498 shares of the pipeline company's stock valued at $285,000 after buying an additional 319 shares during the last quarter. Transamerica Financial Advisors LLC boosted its stake in shares of Kinder Morgan by 72.9% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 778 shares of the pipeline company's stock worth $25,000 after acquiring an additional 328 shares during the period. Finally, Abel Hall LLC boosted its stake in shares of Kinder Morgan by 4.0% during the 1st quarter. Abel Hall LLC now owns 8,588 shares of the pipeline company's stock worth $288,000 after acquiring an additional 330 shares during the period. Institutional investors and hedge funds own 62.52% of the company's stock.

Kinder Morgan Company Profile

Kinder Morgan, Inc NYSE: KMI is an energy infrastructure company that owns and operates pipelines, terminals, and other transportation and storage facilities. Its systems primarily support the movement, processing, and storage of natural gas, crude oil, refined petroleum products, and other energy commodities.

The company's natural gas business transports and stores natural gas for utilities, power generators, industrial customers, and other energy companies. Kinder Morgan also operates refined products and crude oil pipelines, liquids terminals, and carbon dioxide infrastructure.

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