Kinder Morgan (NYSE:KMI) Shares Up 1.7% - Should You Buy?

Key Points

• Kinder Morgan shares rose 1.7% to about $33.06, while trading volume was roughly 35% below the average daily level.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $35.47; ratings range from Buy to Hold.
• The company reported quarterly EPS of $0.37, beating estimates by $0.06, and revenue grew 10.8% year over year to $4.48 billion. Kinder Morgan also pays a $0.2975 quarterly dividend, equivalent to a 3.6% yield.

Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) shares shot up 1.7% on Monday. The company traded as high as $33.10 and last traded at $33.0570. Approximately 7,899,548 shares were traded during trading, a decline of 35% from the average daily volume of 12,142,278 shares. The stock had previously closed at $32.49.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. upped their target price on Kinder Morgan from $34.00 to $36.00 and gave the company a "neutral" rating in a research report on Friday, September 4th. Capital One Financial started coverage on Kinder Morgan in a report on Tuesday, September 22nd. They issued an "equal weight" rating and a $36.00 price objective on the stock. UBS Group restated a "buy" rating and issued a $43.00 price objective on shares of Kinder Morgan in a research note on Monday, June 15th. Citigroup reaffirmed a "neutral" rating and set a $34.00 target price (up from $33.00) on shares of Kinder Morgan in a report on Wednesday, July 29th. Finally, Stifel Nicolaus began coverage on shares of Kinder Morgan in a research report on Wednesday, September 9th. They set a "hold" rating and a $35.00 price target for the company. Eleven research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, Kinder Morgan currently has a consensus rating of "Moderate Buy" and an average target price of $35.47.

Kinder Morgan Stock Up 1.7%

The company has a quick ratio of 0.36, a current ratio of 0.46 and a debt-to-equity ratio of 0.91. The stock has a market cap of $73.61 billion, a PE ratio of 21.19, a P/E/G ratio of 2.29 and a beta of 0.59. The business has a 50 day moving average price of $31.48 and a 200 day moving average price of $32.04.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.31 by $0.06. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%. The firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same period last year, the company earned $0.28 earnings per share. Kinder Morgan's revenue for the quarter was up 10.8% compared to the same quarter last year. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Equities research analysts expect that Kinder Morgan, Inc. will post 1.55 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 3rd were paid a $0.2975 dividend. This represents a $1.19 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Monday, August 3rd. Kinder Morgan's payout ratio is currently 76.28%.

Insiders Place Their Bets

In other Kinder Morgan news, VP Michael Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $30.80, for a total value of $47,740.00. Following the completion of the transaction, the vice president owned 48,863 shares of the company's stock, valued at approximately $1,504,980.40. The trade was a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 12.72% of the company's stock.

Institutional Investors Weigh In On Kinder Morgan

Hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its position in Kinder Morgan by 1.1% in the second quarter. BlackRock Inc. now owns 175,834,246 shares of the pipeline company's stock valued at $5,621,421,000 after purchasing an additional 1,875,143 shares during the period. State Street Corp boosted its position in shares of Kinder Morgan by 4.3% during the second quarter. State Street Corp now owns 130,863,419 shares of the pipeline company's stock worth $4,183,704,000 after buying an additional 5,361,578 shares during the period. Bank of America Corp DE boosted its position in shares of Kinder Morgan by 1.4% during the first quarter. Bank of America Corp DE now owns 62,018,394 shares of the pipeline company's stock worth $2,079,477,000 after buying an additional 836,571 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Kinder Morgan by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 17,237,384 shares of the pipeline company's stock worth $577,998,000 after buying an additional 448,130 shares during the period. Finally, Amundi grew its stake in shares of Kinder Morgan by 5.8% in the first quarter. Amundi now owns 15,130,700 shares of the pipeline company's stock valued at $507,332,000 after buying an additional 831,125 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Company Profile

Kinder Morgan, Inc NYSE: KMI is an energy infrastructure company that owns and operates pipelines, terminals, and storage facilities. Its assets primarily transport and store natural gas, crude oil, refined petroleum products, and carbon dioxide, supporting energy producers, utilities, refiners, industrial companies, and other customers.

The company's natural gas business includes interstate and intrastate pipelines, gathering and processing systems, and underground storage facilities.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.