Kinder Morgan (NYSE:KMI) Shares Up 1.4% – What’s Next?

Kinder Morgan, Inc. (NYSE:KMI)’s stock price was up 1.4% on Thursday. The company traded as high as $32.43 and last traded at $32.2790. Approximately 16,921,890 shares changed hands during trading, an increase of 39% from the average daily volume of 12,184,978 shares. The stock had previously closed at $31.82.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Melius Research assumed coverage on shares of Kinder Morgan in a report on Tuesday, September 22nd. They issued a “buy” rating and a $38.00 target price on the stock. Morgan Stanley set a $33.00 price target on shares of Kinder Morgan in a report on Thursday, September 17th. Capital One Financial initiated coverage on shares of Kinder Morgan in a research report on Tuesday, September 22nd. They set an “equal weight” rating and a $36.00 price target for the company. Argus boosted their price objective on shares of Kinder Morgan from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Kinder Morgan from $34.00 to $36.00 and gave the company a “neutral” rating in a research note on Friday, September 4th. Eleven analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus price target of $35.47.

Kinder Morgan Stock Up 0.7%

The company’s fifty day simple moving average is $31.48 and its 200 day simple moving average is $32.05. The company has a current ratio of 0.46, a quick ratio of 0.36 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $72.32 billion, a P/E ratio of 20.82, a price-to-earnings-growth ratio of 2.27 and a beta of 0.59.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same quarter in the previous year, the firm posted $0.28 EPS. The company’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. Research analysts expect that Kinder Morgan, Inc. will post 1.55 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.2975 per share. The ex-dividend date was Monday, August 3rd. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.7%. Kinder Morgan’s dividend payout ratio is 76.28%.

Insider Activity

In other news, VP Michael Garthwaite sold 1,550 shares of the stock in a transaction that occurred on Wednesday, September 16th. The stock was 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. This represents a 3.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 12.72% of the company’s stock.

Institutional Investors Weigh In On Kinder Morgan

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of 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 in the last quarter. State Street Corp lifted its position in Kinder Morgan by 4.3% during the second quarter. State Street Corp now owns 130,863,419 shares of the pipeline company’s stock valued at $4,183,704,000 after purchasing an additional 5,361,578 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Kinder Morgan by 1.4% in the 1st 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 in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Kinder Morgan by 2.7% in the 1st 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 last quarter. Finally, Amundi lifted its holdings in shares of Kinder Morgan by 5.8% in the 1st quarter. Amundi now owns 15,130,700 shares of the pipeline company’s stock valued at $507,332,000 after acquiring an additional 831,125 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

About Kinder Morgan

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.