Kinder Morgan, Inc. (NYSE:KMI) Receives $21.00 Consensus Target Price from Brokerages

Shares of Kinder Morgan, Inc. (NYSE:KMI) have been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $21.00.

A number of research analysts have issued reports on the company. Truist Financial reissued a “hold” rating and issued a $20.00 target price (down from $22.00) on shares of Kinder Morgan in a research note on Monday, March 25th. Wells Fargo & Company upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $18.00 to $22.00 in a report on Tuesday, June 4th. UBS Group increased their price objective on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Finally, Tudor Pickering raised shares of Kinder Morgan to a “strong-buy” rating in a research report on Thursday, May 30th.

Kinder Morgan Trading Up 0.3 %

Shares of NYSE KMI opened at $20.16 on Friday. Kinder Morgan has a 1-year low of $15.89 and a 1-year high of $20.20. The company has a 50-day moving average of $19.56 and a two-hundred day moving average of $18.37. The company has a market cap of $44.74 billion, a PE ratio of 18.33, a P/E/G ratio of 3.14 and a beta of 0.93. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 EPS for the quarter, hitting analysts’ consensus estimates of $0.34. The firm had revenue of $3.84 billion during the quarter, compared to analyst estimates of $4.36 billion. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 EPS. As a group, equities analysts expect that Kinder Morgan will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were issued a dividend of $0.2875 per share. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.28. This represents a $1.15 dividend on an annualized basis and a yield of 5.70%. The ex-dividend date was Monday, April 29th. Kinder Morgan’s payout ratio is currently 104.55%.

Insiders Place Their Bets

In other Kinder Morgan news, VP Dax Sanders sold 50,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $19.75, for a total value of $987,500.00. Following the sale, the vice president now directly owns 259,069 shares in the company, valued at $5,116,612.75. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Michael C. Morgan sold 230,000 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $18.82, for a total value of $4,328,600.00. Following the completion of the sale, the director now owns 345,087 shares in the company, valued at approximately $6,494,537.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Dax Sanders sold 50,000 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total transaction of $987,500.00. Following the transaction, the vice president now directly owns 259,069 shares in the company, valued at approximately $5,116,612.75. The disclosure for this sale can be found here. Insiders own 12.81% of the company’s stock.

Hedge Funds Weigh In On Kinder Morgan

Several hedge funds have recently made changes to their positions in the business. CHICAGO TRUST Co NA boosted its position in shares of Kinder Morgan by 55.4% in the 2nd quarter. CHICAGO TRUST Co NA now owns 19,434 shares of the pipeline company’s stock worth $386,000 after purchasing an additional 6,927 shares in the last quarter. OLD National Bancorp IN bought a new stake in Kinder Morgan in the second quarter worth $5,926,000. Guinness Atkinson Asset Management Inc grew its stake in shares of Kinder Morgan by 14.6% in the second quarter. Guinness Atkinson Asset Management Inc now owns 16,213 shares of the pipeline company’s stock worth $322,000 after acquiring an additional 2,066 shares during the last quarter. Guinness Asset Management LTD raised its position in shares of Kinder Morgan by 14.0% in the 2nd quarter. Guinness Asset Management LTD now owns 616,617 shares of the pipeline company’s stock worth $12,237,000 after purchasing an additional 75,875 shares during the last quarter. Finally, Foresight Capital Management Advisors Inc. increased its stake in Kinder Morgan by 5.3% during the 2nd quarter. Foresight Capital Management Advisors Inc. now owns 127,044 shares of the pipeline company’s stock valued at $2,524,000 after purchasing an additional 6,358 shares in the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.