Kinder Morgan, Inc. (NYSE:KMI) Receives $20.20 Consensus Price Target from Brokerages

Shares of Kinder Morgan, Inc. (NYSE:KMI) have received a consensus recommendation of “Hold” from the seven research firms that are covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $20.20.

Several analysts recently weighed in on the stock. Truist Financial reaffirmed a “hold” rating and issued a $20.00 target price (down previously from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. StockNews.com cut shares of Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st.

Kinder Morgan Trading Down 0.6 %

NYSE KMI opened at $18.68 on Tuesday. The firm has a 50 day simple moving average of $17.98 and a 200-day simple moving average of $17.48. 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 has a one year low of $15.89 and a one year high of $18.92. The firm has a market cap of $41.46 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 5.31 and a beta of 0.90.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. The firm had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $4.36 billion. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The firm’s revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 earnings per share. Equities research analysts anticipate that Kinder Morgan will post 1.18 EPS for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be issued a dividend of $0.2875 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.15 dividend on an annualized basis and a yield of 6.16%. This is a boost from Kinder Morgan’s previous quarterly dividend of $0.28. Kinder Morgan’s dividend payout ratio (DPR) is presently 102.73%.

Insiders Place Their Bets

In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the sale, the director now owns 345,087 shares of the company’s stock, valued at $6,494,537.34. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 12.64% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kinder Morgan

A number of institutional investors have recently modified their holdings of the business. Accurate Wealth Management LLC increased its holdings in shares of Kinder Morgan by 2.6% in the 1st quarter. Accurate Wealth Management LLC now owns 22,598 shares of the pipeline company’s stock valued at $426,000 after acquiring an additional 568 shares during the period. SageView Advisory Group LLC increased its holdings in shares of Kinder Morgan by 3.0% in the 3rd quarter. SageView Advisory Group LLC now owns 20,607 shares of the pipeline company’s stock valued at $342,000 after acquiring an additional 596 shares during the period. Wesbanco Bank Inc. increased its holdings in shares of Kinder Morgan by 0.4% in the 3rd quarter. Wesbanco Bank Inc. now owns 148,549 shares of the pipeline company’s stock valued at $2,463,000 after acquiring an additional 599 shares during the period. Chronos Wealth Management LLC increased its holdings in shares of Kinder Morgan by 2.7% in the 3rd quarter. Chronos Wealth Management LLC now owns 22,700 shares of the pipeline company’s stock valued at $376,000 after acquiring an additional 600 shares during the period. Finally, Cubic Asset Management LLC increased its holdings in shares of Kinder Morgan by 5.1% in the 4th quarter. Cubic Asset Management LLC now owns 12,292 shares of the pipeline company’s stock valued at $217,000 after acquiring an additional 600 shares during the period. 62.52% of the stock is owned by institutional investors and hedge funds.

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.