Kinder Morgan (NYSE:KMI) Earns Buy (B) Rating from Weiss Ratings

Key Points

• Kinder Morgan has received a "buy (B)" rating from Weiss Ratings, reinforcing positive sentiments from various analysts regarding its stock performance.
• The company has set a consensus price target of $31.25, with 11 analysts recommending a buy and 7 issuing a hold rating.
• In its recent quarterly earnings report, Kinder Morgan posted a net revenue increase of 13.2% year-over-year, reaching $4.04 billion and meeting consensus EPS expectations.

Kinder Morgan (NYSE:KMI - Get Free Report)'s stock had its "buy (b)" rating reissued by equities research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

KMI has been the subject of several other reports. TD Cowen began coverage on shares of Kinder Morgan in a research note on Monday, July 7th. They set a "buy" rating and a $34.00 price objective for the company. Barclays reaffirmed an "overweight" rating and set a $32.00 price objective (up from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Wolfe Research raised 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. BMO Capital Markets began coverage on shares of 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 price objective on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a "hold" rating in a research note on Thursday, August 14th. Eleven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $31.25.

Kinder Morgan Stock Performance

Kinder Morgan stock opened at $28.14 on Wednesday. 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 company has a market capitalization of $62.53 billion, a PE ratio of 23.07, a P/E/G ratio of 3.29 and a beta of 0.78. The firm has a fifty day simple moving average of $27.29 and a two-hundred day simple moving average of $27.47. Kinder Morgan has a twelve month low of $23.19 and a twelve month high of $31.48.

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

Insiders Place Their Bets

In other news, Director Amy W. Chronis acquired 2,759 shares of the firm's stock in a transaction dated Monday, July 28th. The shares were purchased at an average cost of $27.21 per share, for a total transaction of $75,072.39. Following the transaction, the director directly owned 34,764 shares of the company's stock, valued at approximately $945,928.44. This trade represents a 8.62% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO David Patrick Michels sold 40,000 shares of the company's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $28.19, for a total transaction of $1,127,600.00. Following the completion of the transaction, the chief financial officer directly owned 159,428 shares of the company's stock, valued at $4,494,275.32. This represents a 20.06% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 134,174 shares of company stock valued at $3,727,678. 12.73% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kinder Morgan

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake 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 buying an additional 3,070,609 shares in the last quarter. Geode Capital Management LLC increased 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 valued at $1,518,195,000 after acquiring an additional 599,152 shares during the last quarter. Norges Bank bought a new stake in Kinder Morgan in the 2nd quarter valued at $1,162,802,000. Orbis Allan Gray Ltd increased its holdings in Kinder Morgan by 3.1% in the 2nd quarter. Orbis Allan Gray Ltd now owns 22,635,179 shares of the pipeline company's stock valued at $665,474,000 after acquiring an additional 670,856 shares during the last quarter. 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 valued at $645,310,000 after acquiring an additional 603,197 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company's stock.

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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