Kinder Morgan, Inc. (NYSE:KMI) Stock Has Average Target Price of $37.15

Shares of Kinder Morgan, Inc. (NYSE:KMI) have been given an average rating of “Moderate Buy” by the twenty-three analysts that are currently covering the company, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $37.15.

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company raised their price target on shares of Kinder Morgan from $36.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, October 22nd. Morgan Stanley reduced their price target on shares of Kinder Morgan from $40.00 to $39.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 3rd. Mizuho upped their price target on shares of Kinder Morgan from $37.00 to $39.00 and gave the stock an “outperform” rating in a report on Thursday, October 22nd. Weiss Ratings downgraded Kinder Morgan from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday. Finally, Argus lifted their price objective on Kinder Morgan from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th.

Kinder Morgan Stock Performance

NYSE KMI opened at $29.98 on Wednesday. Kinder Morgan has a 52-week low of $26.03 and a 52-week high of $34.81. The company has a 50-day simple moving average of $32.08 and a 200 day simple moving average of $32.12. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.55 and a current ratio of 0.67. The company has a market capitalization of $66.80 billion, a PE ratio of 18.51, a price-to-earnings-growth ratio of 2.09 and a beta of 0.58.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 21st. The pipeline company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. The business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.37 billion. Kinder Morgan had a net margin of 19.64% and a return on equity of 10.84%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.29 earnings per share. On average, research analysts predict that Kinder Morgan will post 1.57 EPS for the current year.

Kinder Morgan Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Monday, November 2nd will be paid a $0.2975 dividend. This represents a $1.19 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Monday, November 2nd. Kinder Morgan’s dividend payout ratio is currently 73.46%.

Insider Activity

In other news, VP Michael P. Garthwaite sold 1,550 shares of the business’s stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $33.65, for a total transaction of $52,157.50. Following the completion of the transaction, the vice president owned 47,313 shares of the company’s stock, valued at approximately $1,592,082.45. The trade was a 3.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Richard D. Kinder acquired 500,000 shares of the firm’s stock in a transaction that occurred on Friday, November 6th. The stock was bought at an average price of $29.99 per share, for a total transaction of $14,995,000.00. Following the completion of the transaction, the chairman owned 246,712,353 shares of the company’s stock, valued at $7,398,903,466.47. The trade was a 0.20% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 12.72% of the company’s stock.

Hedge Funds Weigh In On Kinder Morgan

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quadrant Capital Group LLC boosted its position in shares of Kinder Morgan by 0.7% during the third quarter. Quadrant Capital Group LLC now owns 47,788 shares of the pipeline company’s stock valued at $1,598,000 after buying an additional 309 shares during the period. Laurel Wealth Advisors LLC raised its holdings in shares of Kinder Morgan by 3.6% in the third quarter. Laurel Wealth Advisors LLC now owns 9,068 shares of the pipeline company’s stock worth $273,000 after buying an additional 312 shares during the period. Klingman & Associates LLC lifted its stake in shares of Kinder Morgan by 3.9% during the 1st quarter. Klingman & Associates LLC now owns 8,498 shares of the pipeline company’s stock worth $285,000 after acquiring an additional 319 shares during the last quarter. Transamerica Financial Advisors LLC lifted its stake in shares of Kinder Morgan by 72.9% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 778 shares of the pipeline company’s stock worth $25,000 after acquiring an additional 328 shares during the last quarter. Finally, Abel Hall LLC boosted its holdings in Kinder Morgan by 4.0% during the 1st quarter. Abel Hall LLC now owns 8,588 shares of the pipeline company’s stock valued at $288,000 after acquiring an additional 330 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Company Profile

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that transports and stores natural gas, crude oil, refined petroleum products and other energy-related commodities. Its assets include pipelines, terminals and storage facilities serving energy producers, utilities, industrial customers and other markets across the United States and Canada.

The company’s operations include natural gas transportation and storage, refined-products and crude-oil pipelines, bulk and liquids terminals, and carbon dioxide transportation.