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

Kinder Morgan, Inc. (NYSE:KMIGet Free Report) has received a consensus rating of “Moderate Buy” from the sixteen brokerages that are covering the company, Marketbeat.com reports. Eight analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $34.2143.

A number of research analysts have weighed in on KMI shares. Morgan Stanley upped their price objective on shares of Kinder Morgan from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Freedom Capital upgraded Kinder Morgan from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 28th. Stifel Nicolaus lifted their price target on Kinder Morgan from $30.00 to $33.00 and gave the company a “hold” rating in a research note on Friday, March 13th. UBS Group reaffirmed a “buy” rating and issued a $38.00 price target on shares of Kinder Morgan in a report on Friday, December 12th. Finally, Wells Fargo & Company raised their price objective on Kinder Morgan from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, March 13th.

Read Our Latest Report on KMI

Insider Transactions at Kinder Morgan

In related news, VP Anthony B. Ashley sold 8,000 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $31.95, for a total value of $255,600.00. Following the completion of the sale, the vice president owned 100,146 shares of the company’s stock, valued at approximately $3,199,664.70. The trade was a 7.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William A. Smith acquired 3,000 shares of Kinder Morgan stock in a transaction on Monday, February 2nd. The shares were bought at an average price of $29.75 per share, with a total value of $89,250.00. Following the completion of the transaction, the director directly owned 31,087 shares of the company’s stock, valued at $924,838.25. This trade represents a 10.68% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold 48,048 shares of company stock worth $1,469,863 in the last ninety days. Company insiders own 12.73% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of KMI. Norges Bank acquired a new stake in Kinder Morgan in the 4th quarter worth about $1,132,125,000. AQR Capital Management LLC raised its holdings in shares of Kinder Morgan by 431.9% during the third quarter. AQR Capital Management LLC now owns 6,569,082 shares of the pipeline company’s stock valued at $185,971,000 after acquiring an additional 5,333,986 shares during the last quarter. Merewether Investment Management LP purchased a new position in shares of Kinder Morgan in the second quarter valued at approximately $138,477,000. Zimmer Partners LP lifted its position in shares of Kinder Morgan by 177.8% in the third quarter. Zimmer Partners LP now owns 6,070,100 shares of the pipeline company’s stock valued at $171,845,000 after acquiring an additional 3,885,000 shares in the last quarter. Finally, 59 North Capital Management LP boosted its stake in shares of Kinder Morgan by 54.5% in the second quarter. 59 North Capital Management LP now owns 10,597,380 shares of the pipeline company’s stock worth $311,563,000 after acquiring an additional 3,739,398 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan News Roundup

Here are the key news stories impacting Kinder Morgan this week:

Kinder Morgan Price Performance

NYSE:KMI opened at $34.05 on Tuesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.64 and a quick ratio of 0.50. The firm has a market cap of $75.74 billion, a price-to-earnings ratio of 24.85, a price-to-earnings-growth ratio of 3.12 and a beta of 0.68. The company has a 50 day moving average price of $31.97 and a 200-day moving average price of $28.84. Kinder Morgan has a 1-year low of $23.94 and a 1-year high of $34.73.

Kinder Morgan (NYSE:KMIGet Free Report) last announced its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.33 billion. Kinder Morgan had a net margin of 18.04% and a return on equity of 9.02%. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 earnings per share. Equities research analysts forecast that Kinder Morgan will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 2nd were given a dividend of $0.2925 per share. The ex-dividend date was Monday, February 2nd. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.4%. Kinder Morgan’s dividend payout ratio (DPR) is 85.40%.

About Kinder Morgan

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Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.

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Analyst Recommendations for Kinder Morgan (NYSE:KMI)

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