Kinder Morgan, Inc. (NYSE:KMI) Receives $35.50 Average PT from Brokerages

Kinder Morgan, Inc. (NYSE:KMI) has received a consensus rating of “Hold” from the eighteen analysts that are covering the firm, Marketbeat reports. Ten research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $35.50.

A number of research firms have recently commented on KMI. Zacks Research cut Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Weiss Ratings cut Kinder Morgan from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, June 23rd. Jefferies Financial Group reissued a “hold” rating on shares of Kinder Morgan in a report on Thursday, July 23rd. The Goldman Sachs Group restated a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, June 10th. Finally, UBS Group reaffirmed a “buy” rating and set a $43.00 price target on shares of Kinder Morgan in a report on Monday, June 15th.

Kinder Morgan Trading Down 1.3%

KMI opened at $31.60 on Friday. Kinder Morgan has a twelve month low of $25.60 and a twelve month high of $34.81. The company has a 50-day simple moving average of $32.03 and a 200 day simple moving average of $32.36. 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 capitalization of $70.36 billion, a price-to-earnings ratio of 20.25, a P/E/G ratio of 2.50 and a beta of 0.54.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.06. The firm had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.22 billion. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.28 earnings per share. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Analysts predict that Kinder Morgan will post 1.55 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 3rd were paid a $0.2975 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.19 annualized dividend and a dividend yield of 3.8%. Kinder Morgan’s dividend payout ratio is currently 76.28%.

Insider Activity at Kinder Morgan

In related news, VP Michael P. Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $31.44, for a total value of $48,732.00. Following the transaction, the vice president directly owned 41,743 shares of the company’s stock, valued at $1,312,399.92. The trade was a 3.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $31.83, for a total transaction of $196,263.78. Following the completion of the sale, the vice president directly owned 170,374 shares in the company, valued at approximately $5,423,004.42. This represents a 3.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 13,882 shares of company stock valued at $441,691. Corporate insiders own 12.72% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Kinder Morgan by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 210,281,448 shares of the pipeline company’s stock valued at $5,780,637,000 after buying an additional 2,165,130 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Kinder Morgan by 1.1% in the 2nd quarter. BlackRock Inc. now owns 175,834,246 shares of the pipeline company’s stock worth $5,621,421,000 after purchasing an additional 1,875,143 shares during the period. State Street Corp raised its holdings in shares of Kinder Morgan by 2.2% in the 4th quarter. State Street Corp now owns 116,860,317 shares of the pipeline company’s stock worth $3,212,490,000 after purchasing an additional 2,510,601 shares during the period. California State Teachers Retirement System grew its holdings in Kinder Morgan by 4,591.3% during the second quarter. California State Teachers Retirement System now owns 108,532,044 shares of the pipeline company’s stock valued at $3,394,809,000 after purchasing an additional 106,218,591 shares during the period. Finally, Bank of America Corp DE increased its position in Kinder Morgan by 1.4% in 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 last quarter. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Company Profile

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.