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

Key Points

• Kinder Morgan, Inc. (NYSE:KMI) has received a consensus rating of "Moderate Buy" from analysts, with expectations for a 12-month price target of $31.1250.
• The company reported $0.29 earnings per share for the latest quarter, matching analyst estimates, and showing a 12.1% increase in revenue year-over-year.
• Kinder Morgan's CFO recently sold 40,000 shares for approximately $1.12 million, representing over a 20% decrease in their ownership position.

Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eighteen ratings firms that are presently covering the firm, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $31.1250.

Several analysts have commented on the stock. Wolfe Research upgraded shares of Kinder Morgan from a "peer perform" rating to an "outperform" rating and set a $31.00 price objective for the company in a research note on Friday, July 25th. Weiss Ratings restated a "buy (b)" rating on shares of Kinder Morgan in a research report on Wednesday, October 8th. Jefferies Financial Group started coverage on Kinder Morgan in a research report on Thursday, October 9th. They set a "hold" rating and a $30.00 price target on the stock. BMO Capital Markets initiated coverage on Kinder Morgan in a research note on Friday, September 19th. They set an "outperform" rating and a $32.00 price objective for the company. Finally, 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.

Insider Activity

In related news, CFO David Patrick Michels sold 40,000 shares of the business's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $28.19, for a total value of $1,127,600.00. Following the completion of the transaction, the chief financial officer directly owned 159,428 shares in the company, valued at $4,494,275.32. The trade was a 20.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP John W. Schlosser sold 6,166 shares of the firm's stock in a transaction on Monday, October 6th. The shares were sold at an average price of $28.17, for a total transaction of $173,696.22. Following the sale, the vice president owned 219,702 shares in the company, valued at approximately $6,189,005.34. This represents a 2.73% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders 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 large investors have recently bought and sold shares of the business. Sierra Ocean LLC grew its holdings in Kinder Morgan by 927.1% in the first quarter. Sierra Ocean LLC now owns 873 shares of the pipeline company's stock valued at $25,000 after purchasing an additional 788 shares during the period. LFA Lugano Financial Advisors SA acquired a new stake in Kinder Morgan in the 2nd quarter valued at $26,000. JNBA Financial Advisors increased its holdings in Kinder Morgan by 669.2% in the 1st quarter. JNBA Financial Advisors now owns 1,000 shares of the pipeline company's stock worth $29,000 after acquiring an additional 870 shares in the last quarter. Cranbrook Wealth Management LLC raised its position in Kinder Morgan by 116.1% during the second quarter. Cranbrook Wealth Management LLC now owns 1,046 shares of the pipeline company's stock worth $31,000 after acquiring an additional 562 shares during the period. Finally, Wolff Wiese Magana LLC purchased a new position in Kinder Morgan during the second quarter valued at $34,000. Institutional investors and hedge funds own 62.52% of the company's stock.

Kinder Morgan Stock Down 1.4%

Kinder Morgan stock opened at $25.88 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.53 and a current ratio of 0.63. The business's 50-day simple moving average is $27.28 and its two-hundred day simple moving average is $27.43. The company has a market cap of $57.51 billion, a PE ratio of 21.21, a PEG ratio of 3.07 and a beta of 0.78. Kinder Morgan has a fifty-two week low of $23.94 and a fifty-two week high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last announced its quarterly earnings data on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.29. The firm had revenue of $4.15 billion during the quarter, compared to analysts' expectations of $3.98 billion. Kinder Morgan had a return on equity of 8.57% and a net margin of 16.61%.The company's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period last year, the business posted $0.25 earnings per share. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Equities analysts anticipate 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 will be paid on Monday, November 17th. Stockholders of record on Monday, November 3rd will be paid a dividend of $0.2925 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $1.17 dividend on an annualized basis and a dividend yield of 4.5%. Kinder Morgan's dividend payout ratio (DPR) is presently 95.90%.

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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