Kinder Morgan (NYSE:KMI) Rating Lowered to “Hold” at Zacks Research

Kinder Morgan (NYSE:KMI) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Several other equities research analysts also recently weighed in on KMI. Wolfe Research downgraded shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Jefferies Financial Group reduced their price objective on Kinder Morgan from $36.00 to $34.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Wells Fargo & Company increased their price objective on Kinder Morgan from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, March 13th. UBS Group reiterated a “buy” rating and issued a $43.00 target price on shares of Kinder Morgan in a research note on Monday, June 15th. Finally, Mizuho boosted their target price on Kinder Morgan from $31.00 to $37.00 and gave the company an “outperform” rating in a report on Thursday, March 5th. Eight investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $34.71.

Kinder Morgan Stock Up 0.2%

KMI stock opened at $32.60 on Tuesday. The company has a market cap of $72.54 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 2.71 and a beta of 0.54. The company has a fifty day moving average price of $32.11 and a 200 day moving average price of $31.04. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.52 and a quick ratio of 0.41. Kinder Morgan has a 12 month low of $25.60 and a 12 month high of $34.81.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.10. The company had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.55 billion. Kinder Morgan had a net margin of 18.92% and a return on equity of 9.90%. Kinder Morgan’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period last year, the firm posted $0.34 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Sell-side analysts expect that Kinder Morgan will post 1.49 earnings per share for the current year.

Insider Activity

In other Kinder Morgan news, VP Michael P. Garthwaite sold 1,550 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $31.44, for a total transaction of $48,732.00. Following the transaction, the vice president owned 41,743 shares in the company, valued at approximately $1,312,399.92. The trade was a 3.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $32.41, for a total value of $199,840.06. Following the transaction, the vice president directly owned 176,540 shares of the company’s stock, valued at approximately $5,721,661.40. This trade represents a 3.37% 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. Insiders have sold 23,148 shares of company stock valued at $749,206 over the last three months. 12.72% of the stock is currently owned by corporate insiders.

Institutional Trading of Kinder Morgan

Institutional investors have recently modified their holdings of the business. Board of the Pension Protection Fund purchased a new position in Kinder Morgan in the fourth quarter worth $27,000. Commonwealth Retirement Investments LLC acquired a new stake in Kinder Morgan in the fourth quarter valued at $27,000. Frazier Financial Advisors LLC purchased a new stake in shares of Kinder Morgan during the 1st quarter worth $28,000. Acumen Wealth Advisors LLC purchased a new stake in shares of Kinder Morgan during the 4th quarter worth $28,000. Finally, Dorato Capital Management acquired a new position in shares of Kinder Morgan during the 4th quarter worth $30,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

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.