Jefferies Financial Group Initiates Coverage on Kinder Morgan (NYSE:KMI)

Key Points

• Jefferies Financial Group has initiated coverage on Kinder Morgan with a "hold" rating and a price target of $30.00, indicating a potential upside of 6.32% from its current stock price.
• Despite the hold rating, Kinder Morgan receives mixed reviews from analysts, with 11 rated as "buy" and 8 as "hold," leading to a consensus rating of "Moderate Buy" and a target price of $30.88.
• The company's recent earnings report showed a revenue of $4.04 billion, exceeding analysts' expectations, while also maintaining a stable earnings per share of $0.28.

Equities researchers at Jefferies Financial Group initiated coverage on shares of Kinder Morgan (NYSE:KMI - Get Free Report) in a report issued on Thursday,Benzinga reports. The brokerage set a "hold" rating and a $30.00 price target on the pipeline company's stock. Jefferies Financial Group's price objective suggests a potential upside of 6.32% from the stock's current price.

KMI has been the subject of several other research reports. TD Cowen initiated coverage on Kinder Morgan in a report on Monday, July 7th. They set a "buy" rating and a $34.00 price objective for the company. Wolfe Research raised Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price objective on the stock in a research note on Friday, July 25th. Morgan Stanley boosted their price objective on Kinder Morgan from $34.00 to $35.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 1st. Weiss Ratings reissued a "buy (b)" rating on shares of Kinder Morgan in a report on Wednesday. Finally, BMO Capital Markets began coverage on shares of Kinder Morgan in a report on Friday, September 19th. They issued an "outperform" rating and a $32.00 price objective for the company. Eleven equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.88.

Kinder Morgan Stock Up 0.3%

Shares of NYSE KMI opened at $28.22 on Thursday. The company's fifty day simple moving average is $27.29 and its 200 day simple moving average is $27.47. Kinder Morgan has a 12-month low of $23.36 and a 12-month high of $31.48. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.99. The firm has a market cap of $62.70 billion, a PE ratio of 23.10, a P/E/G ratio of 3.29 and a beta of 0.78.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. Kinder Morgan had a return on equity of 8.31% and a net margin of 17.06%.The company had revenue of $4.04 billion for the quarter, compared to analysts' expectations of $3.75 billion. During the same quarter in the previous year, the firm earned $0.26 earnings per share. Kinder Morgan's quarterly revenue was up 13.2% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. As a group, sell-side analysts forecast that Kinder Morgan will post 1.25 earnings per share for the current fiscal year.

Insider Transactions at Kinder Morgan

In other news, Director Amy W. Chronis acquired 2,759 shares of the business's stock in a transaction on Monday, July 28th. The shares were acquired at an average price of $27.21 per share, for a total transaction of $75,072.39. Following the completion of the transaction, the director directly owned 34,764 shares of the company's stock, valued at approximately $945,928.44. The trade was a 8.62% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the stock in a transaction on Monday, October 6th. The stock was sold at an average price of $28.17, for a total value of $173,696.22. Following the completion of the sale, the vice president owned 219,702 shares in the company, valued at approximately $6,189,005.34. The trade was a 2.73% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 134,174 shares of company stock worth $3,727,678. 12.73% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kinder Morgan

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Kinder Morgan by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 207,219,481 shares of the pipeline company's stock worth $6,092,253,000 after purchasing an additional 3,070,609 shares in the last quarter. Geode Capital Management LLC raised its holdings in Kinder Morgan by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 51,848,863 shares of the pipeline company's stock worth $1,518,195,000 after purchasing an additional 599,152 shares during the period. Norges Bank acquired a new stake in Kinder Morgan in the second quarter valued at approximately $1,162,802,000. Orbis Allan Gray Ltd raised its stake in shares of Kinder Morgan by 3.1% during the 2nd quarter. Orbis Allan Gray Ltd now owns 22,635,179 shares of the pipeline company's stock worth $665,474,000 after buying an additional 670,856 shares during the period. Finally, Invesco Ltd. increased its holdings in Kinder Morgan by 2.8% in the 2nd quarter. Invesco Ltd. now owns 21,949,329 shares of the pipeline company's stock worth $645,310,000 after acquiring an additional 603,197 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

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.

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