Kinder Morgan, Inc. (NYSE:KMI) has been given “Moderate Buy” rating by the brokerage

VaselineAugust 26, 2024

0 4 minutes read

Kinder Morgan, Inc. (NYSE:KMI – Get Your Free Report ) has been assigned an average rating of “Moderate Buy” from the twelve analysts that are presently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $22.11.

Several analysts recently commented on the company. Wells Fargo & Company upgraded Kinder Morgan from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $18.00 to $22.00 in a research report on Tuesday , June 4. Tudor Pickering upgraded shares of Kinder Morgan to a “strong-buy” rating in a research report on Thursday, May 30th. Scotiabank upped their target price on shares of Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 17th. Barclays boosted their price objective on shares of Kinder Morgan from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Finally, Argus upgraded Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Friday, July 19th.

Check out our latest analysis of KMI

Insider buying and selling at Kinder Morgan

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In other Kinder Morgan news, VP Sital K. Mody sold 21,413 shares of Kinder Morgan stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total transaction of $455,026.25. Following the completion of the sale, the vice president now directly owns 25,169 shares in the company, valued at $534,841.25. The sale was disclosed in a filing with the SEC, which is available via this hyperlink. In other Kinder Morgan news, Chairman Thomas A. Martin sold 100,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the sale, the chairman now directly owns 916,773 shares in the company, valued at $19,261,400.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. Also, VP Sital K. Mody sold 21,413 shares of the stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total transaction of $455,026.25. Following the sale, the vice president now directly owns 25,169 shares in the company, valued at approximately $534,841.25. The disclosure for this sale can be found here. Insiders have sold 148,311 shares of company stock worth $3,121,891 in the last 90 days. 12.64% of shares are owned by insiders.

Hedge funds hurt Kinder Morgan

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Kinder Morgan by 15.8% in the first quarter. Vanguard Group Inc. now owns 199,888,911 shares of the pipeline company’s stock valued at $3,665,963,000 after acquiring an additional 27,254,172 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Kinder Morgan by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 30,187,667 shares of the pipeline company’s stock valued at $506,320,000 after buying an additional 317,980 shares during the period. Norges Bank purchased a new position in shares of Kinder Morgan in the fourth quarter valued at approximately $409,063,000. Dimensional Fund Advisors LP boosted its stake in Kinder Morgan by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 16,904,252 shares of the pipeline company’s stock worth $335,891,000 after buying an additional 257,658 shares during the period. Finally, Clearbridge Investments LLC boosted its holdings in Kinder Morgan by 23.6% in the first quarter. Clearbridge Investments LLC now owns 11,130,639 shares of the pipeline company’s stock valued at $204,319,000 after purchasing an additional 2,125,648 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s shares.

Kinder Morgan stock performance

NYSE:KMI opened at $21.28 on Monday. The company has a fifty day moving average of $20.57 and a two hundred day moving average of $19.14. Kinder Morgan has a fifty-two week low of $15.89 and a fifty-two week high of $21.86. The stock has a market cap of $47.23 billion, a PE ratio of 19.35, a P/E/G ratio of 2.92 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.28, and a current ratio of 0.37.

Kinder Morgan (NYSE:KMI – Get Free Report ) last posted its quarterly earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The company had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $4.13 billion. In the same period last year, the company posted earnings of $0.24 per share. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. As a group, research analysts anticipate that Kinder Morgan will post 1.2 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were given a dividend of $0.2875 per share. This represents a dividend of $1.15 on an annualized basis and a dividend yield of 5.40%. The ex-dividend date of this dividend was Wednesday, July 31st. Kinder Morgan’s payout ratio is 104.55%.

Kinder Morgan Company Profile

(Get a free report

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through natural gas pipelines, product pipelines, terminals and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipelines and storage systems; natural gas collection systems and natural gas processing and treatment facilities; natural gas liquids fractionation facilities and transportation systems; and facilities for gasification, liquefaction and storage of liquefied natural gas.