Kinder Morgan (NYSE:KMI) Research Coverage Started at Melius Research

Melius Research initiated coverage on shares of Kinder Morgan (NYSE:KMI) in a research note released on Tuesday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $38.00 target price on the pipeline company’s stock.

Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus initiated coverage on shares of Kinder Morgan in a research note on Wednesday, September 9th. They issued a “hold” rating and a $35.00 target price on the stock. Citigroup reaffirmed a “neutral” rating on shares of Kinder Morgan in a report on Wednesday, July 29th. The Goldman Sachs Group reissued a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, June 10th. UBS Group reissued a “buy” rating and set a $43.00 price objective on shares of Kinder Morgan in a report on Monday, June 15th. Finally, Zacks Research downgraded Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Eight equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, Kinder Morgan presently has a consensus rating of “Hold” and a consensus target price of $35.77.

Kinder Morgan Price Performance

NYSE:KMI opened at $31.22 on Tuesday. The firm has a market capitalization of $69.51 billion, a price-to-earnings ratio of 20.01, a P/E/G ratio of 2.20 and a beta of 0.56. Kinder Morgan has a 52-week low of $25.60 and a 52-week high of $34.81. The stock has a fifty day moving average of $31.69 and a 200 day moving average of $32.19. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.36 and a current ratio of 0.46.

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

Kinder Morgan Dividend Announcement

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

Insider Activity

In other news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $31.90, for a total transaction of $196,695.40. Following the completion of the sale, the vice president owned 164,208 shares of the company’s stock, valued at approximately $5,238,235.20. This represents a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the firm’s stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $30.80, for a total transaction of $47,740.00. Following the completion of the transaction, the vice president owned 48,863 shares in the company, valued at $1,504,980.40. This represents a 3.07% decrease in their position. The disclosure for this sale is available in the SEC filing. 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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. QRG Capital Management Inc. grew its holdings in Kinder Morgan by 3.3% in the 2nd quarter. QRG Capital Management Inc. now owns 224,085 shares of the pipeline company’s stock worth $7,164,000 after acquiring an additional 7,092 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of Kinder Morgan by 7.1% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 574,907 shares of the pipeline company’s stock valued at $18,380,000 after acquiring an additional 37,922 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Kinder Morgan by 0.8% during the second quarter. Envestnet Asset Management Inc. now owns 5,122,523 shares of the pipeline company’s stock valued at $163,766,000 after acquiring an additional 38,739 shares during the last quarter. State Street Corp boosted its holdings in shares of Kinder Morgan by 4.3% during the second quarter. State Street Corp now owns 130,863,419 shares of the pipeline company’s stock worth $4,183,704,000 after purchasing an additional 5,361,578 shares during the period. Finally, Core Capital Management & Research inc. purchased a new stake in shares of Kinder Morgan during the second quarter worth about $856,000. 62.52% of the stock is currently owned by institutional investors.

About Kinder Morgan

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and storage facilities across North America. Its assets transport and store natural gas, crude oil, refined petroleum products, renewable fuels, and carbon dioxide.

The company’s natural gas business supports gathering, processing, transportation, and storage, while its products pipeline network serves refineries, airports, utilities, and other industrial customers. Kinder Morgan also operates bulk and liquids terminals that handle energy products and other commodities, along with carbon dioxide infrastructure used in enhanced oil recovery and related applications.

Founded in 1997, Kinder Morgan has expanded through acquisitions and the development of energy infrastructure in the United States and Canada.