Kinder Morgan, Inc. (NYSE:KMI) Receives Average Rating of "Hold" from Brokerages

Shares of Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) have been given an average rating of "Hold" by the seven brokerages that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $20.20.

A number of research firms recently issued reports on KMI. Truist Financial restated a "hold" rating and set a $20.00 price objective (down previously from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. StockNews.com downgraded Kinder Morgan from a "buy" rating to a "hold" rating in a research note on Friday, March 1st.

Kinder Morgan Trading Down 0.3 %

NYSE KMI traded down $0.07 during trading hours on Tuesday, hitting $18.76. 12,913,431 shares of the company's stock were exchanged, compared to its average volume of 14,289,917. The business's 50 day moving average is $17.82 and its 200-day moving average is $17.42. Kinder Morgan has a 12-month low of $15.89 and a 12-month high of $18.92. The firm has a market capitalization of $41.62 billion, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 5.32 and a beta of 0.90. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.28 and a current ratio of 0.50.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, hitting analysts' consensus estimates of $0.34. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The company had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same period last year, the business posted $0.30 EPS. The company's quarterly revenue was down 1.2% compared to the same quarter last year. As a group, analysts anticipate that Kinder Morgan will post 1.18 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 6.13%. This is a positive change from Kinder Morgan's previous quarterly dividend of $0.28. The ex-dividend date is Monday, April 29th. Kinder Morgan's payout ratio is presently 102.73%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Gotham Asset Management LLC grew its stake in Kinder Morgan by 11.3% in the third quarter. Gotham Asset Management LLC now owns 533,348 shares of the pipeline company's stock valued at $8,843,000 after purchasing an additional 54,184 shares in the last quarter. Rheos Capital Works Inc. bought a new stake in shares of Kinder Morgan during the 3rd quarter worth about $4,642,000. Virginia Wealth Management Group Inc. boosted its stake in shares of Kinder Morgan by 1.6% during the 3rd quarter. Virginia Wealth Management Group Inc. now owns 201,278 shares of the pipeline company's stock worth $3,337,000 after acquiring an additional 3,085 shares in the last quarter. Bahl & Gaynor Inc. boosted its stake in shares of Kinder Morgan by 69.2% during the 3rd quarter. Bahl & Gaynor Inc. now owns 3,955,216 shares of the pipeline company's stock worth $65,577,000 after acquiring an additional 1,617,250 shares in the last quarter. Finally, Teza Capital Management LLC boosted its stake in shares of Kinder Morgan by 190.9% during the 3rd quarter. Teza Capital Management LLC now owns 527,280 shares of the pipeline company's stock worth $8,742,000 after acquiring an additional 346,000 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

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.