Kinder Morgan, Inc. (NYSE:KMI) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Kinder Morgan, Inc. has received an average rating of "Moderate Buy" from 16 brokerages, with six hold recommendations and ten buy recommendations.
• The company reported a revenue of $4.04 billion in its last quarter, which exceeded analysts' expectations of $3.75 billion, alongside an earnings per share (EPS) of $0.28.
• Kinder Morgan recently announced a quarterly dividend of $0.2925 per share, reflecting a 4.1% yield and a payout ratio of 95.90%.

Shares of Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) have received an average rating of "Moderate Buy" from the sixteen brokerages that are covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $31.0625.

KMI has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their target price on Kinder Morgan from $33.00 to $34.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. raised their price objective on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Stifel Nicolaus raised their price objective on Kinder Morgan from $28.00 to $29.00 and gave the stock a "hold" rating in a research note on Thursday, August 14th. TD Cowen began coverage on Kinder Morgan in a report on Monday, July 7th. They issued a "buy" rating and a $34.00 target price on the stock. Finally, BMO Capital Markets initiated coverage on shares of Kinder Morgan in a research note on Friday, September 19th. They issued an "outperform" rating and a $32.00 target price for the company.

Insider Buying and Selling at Kinder Morgan

In related news, VP Sital K. Mody sold 45,549 shares of the company's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $27.96, for a total transaction of $1,273,550.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Dax Sanders sold 30,127 shares of the stock in a transaction on Monday, August 11th. The shares were sold at an average price of $27.05, for a total transaction of $814,935.35. Following the completion of the sale, the executive vice president directly owned 292,000 shares of the company's stock, valued at approximately $7,898,600. This trade represents a 9.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 128,008 shares of company stock valued at $3,553,982 in the last three months. 12.73% of the stock is owned by insiders.

Institutional Trading of Kinder Morgan

A number of hedge funds have recently modified their holdings of KMI. Norges Bank acquired a new stake in Kinder Morgan during the second quarter valued at approximately $1,162,802,000. Nuveen LLC bought a new position in shares of Kinder Morgan during the 1st quarter worth approximately $205,966,000. 59 North Capital Management LP bought a new position in shares of Kinder Morgan during the 1st quarter worth approximately $195,658,000. Goldman Sachs Group Inc. grew its position in Kinder Morgan by 37.5% in the first quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company's stock valued at $578,628,000 after acquiring an additional 5,529,065 shares during the period. Finally, Merewether Investment Management LP bought a new stake in Kinder Morgan in the second quarter valued at $138,477,000. Institutional investors own 62.52% of the company's stock.

Kinder Morgan Price Performance

KMI stock opened at $28.34 on Tuesday. The stock has a 50-day moving average price of $27.17 and a two-hundred day moving average price of $27.45. The company has a market cap of $62.97 billion, a PE ratio of 23.23, a price-to-earnings-growth ratio of 3.31 and a beta of 0.81. Kinder Morgan has a 12-month low of $21.65 and a 12-month high of $31.48. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 0.99.

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

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were paid a dividend of $0.2925 per share. The ex-dividend date was Thursday, July 31st. This represents a $1.17 annualized dividend and a yield of 4.1%. Kinder Morgan's dividend payout ratio is presently 95.90%.

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.

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