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

Key Points

• Kinder Morgan, Inc. (NYSE:KMI) has received an average rating of "Moderate Buy" from analysts, with nine out of sixteen analysts recommending a buy rating.
• The company recently announced a quarterly dividend of $0.2925, which results in an annualized yield of 4.4%, and has a dividend payout ratio of 95.90%.
• Kinder Morgan reported a revenue of $4.04 billion in its last quarter, exceeding analyst estimates of $3.75 billion, along with an EPS of $0.28 that met expectations.

Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) has received an average rating of "Moderate Buy" from the sixteen brokerages that are currently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $31.20.

KMI has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their target price on Kinder Morgan from $30.00 to $32.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. TD Cowen initiated coverage on Kinder Morgan in a research note on Monday, July 7th. They set a "buy" rating and a $34.00 target price for the company. Stifel Nicolaus upped their target price on Kinder Morgan from $28.00 to $29.00 and gave the stock a "hold" rating in a research note on Thursday, August 14th. Scotiabank increased their price objective on Kinder Morgan from $27.00 to $28.00 and gave the company a "sector perform" rating in a research note on Friday, July 18th. Finally, Barclays reissued an "overweight" rating and issued a $32.00 price objective (up from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd.

Kinder Morgan Stock Performance

Kinder Morgan stock traded up $0.29 during mid-day trading on Friday, hitting $26.77. The company had a trading volume of 6,767,368 shares, compared to its average volume of 14,426,685. 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 has a 12-month low of $20.56 and a 12-month high of $31.48. The company's fifty day moving average is $27.31 and its 200-day moving average is $27.34. The company has a market capitalization of $59.48 billion, a price-to-earnings ratio of 21.95, a P/E/G ratio of 3.12 and a beta of 0.81.

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

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were paid a $0.2925 dividend. This represents a $1.17 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Thursday, July 31st. Kinder Morgan's dividend payout ratio is currently 95.90%.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, EVP Dax Sanders sold 30,127 shares of the company's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $27.05, for a total value of $814,935.35. Following the completion of the sale, the executive vice president directly owned 292,000 shares in the company, valued at $7,898,600. This represents a 9.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy W. Chronis bought 2,759 shares of the company's stock in a transaction on Monday, July 28th. The stock was bought at an average price of $27.21 per share, with a total value of $75,072.39. Following the completion of the acquisition, the director owned 34,764 shares in the company, valued at $945,928.44. This represents a 8.62% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 128,008 shares of company stock worth $3,553,982 in the last quarter. 12.73% of the stock is owned by insiders.

Hedge Funds Weigh In On Kinder Morgan

Hedge funds have recently modified their holdings of the business. Westwood Holdings Group Inc. grew its holdings in shares of Kinder Morgan by 14.1% during the 1st quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company's stock worth $183,793,000 after purchasing an additional 794,388 shares during the period. Burney Co. grew its holdings in shares of Kinder Morgan by 133.5% during the 1st quarter. Burney Co. now owns 442,044 shares of the pipeline company's stock worth $12,612,000 after purchasing an additional 252,736 shares during the period. Aberdeen Group plc grew its holdings in shares of Kinder Morgan by 35.2% during the 1st quarter. Aberdeen Group plc now owns 2,343,165 shares of the pipeline company's stock worth $66,581,000 after purchasing an additional 609,748 shares during the period. AdvisorNet Financial Inc grew its holdings in shares of Kinder Morgan by 402.5% during the 1st quarter. AdvisorNet Financial Inc now owns 39,393 shares of the pipeline company's stock worth $1,124,000 after purchasing an additional 31,553 shares during the period. Finally, Siemens Fonds Invest GmbH grew its holdings in shares of Kinder Morgan by 127.2% during the 4th quarter. Siemens Fonds Invest GmbH now owns 27,978 shares of the pipeline company's stock worth $767,000 after purchasing an additional 15,662 shares during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

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.