Kinder Morgan, Inc. (NYSE:KMI) Receives $29.71 Average PT from Analysts

Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) has received an average recommendation of "Moderate Buy" from the fifteen research firms that are presently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $29.79.

KMI has been the subject of a number of recent research reports. Mizuho increased their price objective on Kinder Morgan from $31.00 to $33.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Royal Bank of Canada upped their target price on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a report on Tuesday, April 29th. Wells Fargo & Company reissued an "overweight" rating on shares of Kinder Morgan in a research note on Monday. Morgan Stanley upped their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Finally, Scotiabank boosted their price target on shares of Kinder Morgan from $25.00 to $26.00 and gave the company a "sector perform" rating in a report on Monday, April 21st.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total value of $498,600.00. Following the completion of the sale, the president now owns 843,652 shares of the company's stock, valued at approximately $23,369,160.40. The trade was a 2.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP John W. Schlosser sold 75,461 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the transaction, the vice president now directly owns 220,681 shares in the company, valued at $5,881,148.65. The trade was a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 129,461 shares of company stock valued at $3,506,116. 12.73% of the stock is owned by corporate insiders.

Institutional Trading of Kinder Morgan

Large investors have recently made changes to their positions in the stock. Assetmark Inc. grew its holdings in Kinder Morgan by 17.5% during the first quarter. Assetmark Inc. now owns 8,634 shares of the pipeline company's stock valued at $246,000 after purchasing an additional 1,283 shares during the last quarter. Navellier & Associates Inc. bought a new position in Kinder Morgan in the 1st quarter worth $311,000. Cetera Investment Advisers boosted its holdings in Kinder Morgan by 9.3% during the first quarter. Cetera Investment Advisers now owns 1,652,466 shares of the pipeline company's stock valued at $47,145,000 after acquiring an additional 140,014 shares during the period. Avantax Advisory Services Inc. grew its position in shares of Kinder Morgan by 9.4% in the first quarter. Avantax Advisory Services Inc. now owns 99,665 shares of the pipeline company's stock valued at $2,843,000 after purchasing an additional 8,566 shares during the last quarter. Finally, Brookwood Investment Group LLC acquired a new position in shares of Kinder Morgan during the 1st quarter worth about $364,000. Institutional investors own 62.52% of the company's stock.

Kinder Morgan Price Performance

KMI stock traded up $0.38 during trading hours on Friday, hitting $27.25. 19,003,525 shares of the stock traded hands, compared to its average volume of 13,945,070. The stock has a 50-day simple moving average of $26.98 and a 200 day simple moving average of $27.14. The company has a market cap of $60.54 billion, a P/E ratio of 23.29, a P/E/G ratio of 3.08 and a beta of 0.74. Kinder Morgan has a one year low of $18.49 and a one year high of $31.48. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. The company had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.02 billion. Equities analysts forecast that Kinder Morgan will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be paid a dividend of $0.2925 per share. The ex-dividend date is Wednesday, April 30th. This is an increase from Kinder Morgan's previous quarterly dividend of $0.29. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.29%. Kinder Morgan's dividend payout ratio (DPR) is 100.86%.

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.