Kinder Morgan, Inc. (NYSE:KMI) Receives $29.14 Consensus Target Price from Brokerages

Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) has been assigned an average rating of "Moderate Buy" from the fifteen research firms that are covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $29.14.

A number of equities research analysts recently weighed in on the company. Barclays boosted their price objective on Kinder Morgan from $27.00 to $31.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 16th. Morgan Stanley boosted their price target on Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. UBS Group upped their price target on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Scotiabank initiated coverage on shares of Kinder Morgan in a report on Friday, January 10th. They set a "sector perform" rating and a $26.00 price target on the stock. Finally, Truist Financial increased their price objective on Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a report on Thursday, January 23rd.

Kinder Morgan Price Performance

NYSE KMI traded down $0.28 during trading on Monday, hitting $26.61. 12,512,291 shares of the company's stock were exchanged, compared to its average volume of 15,705,499. The stock's 50 day moving average price is $27.79 and its two-hundred day moving average price is $25.25. Kinder Morgan has a fifty-two week low of $17.02 and a fifty-two week high of $31.48. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. The company has a market cap of $59.13 billion, a PE ratio of 22.74, a P/E/G ratio of 3.10 and a beta of 0.94.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. Research analysts expect that Kinder Morgan will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.32%. The ex-dividend date was Monday, February 3rd. Kinder Morgan's dividend payout ratio (DPR) is presently 98.29%.

Insider Activity at Kinder Morgan

In related news, President Thomas A. Martin sold 18,000 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the transaction, the president now directly owns 861,652 shares of the company's stock, valued at approximately $24,048,707.32. The trade was a 2.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John W. Schlosser sold 75,461 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the sale, the vice president now owns 220,681 shares of the company's stock, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 129,461 shares of company stock valued at $3,504,136 over the last 90 days. Insiders own 12.64% of the company's stock.

Hedge Funds Weigh In On Kinder Morgan

Several institutional investors have recently bought and sold shares of KMI. Retirement Wealth Solutions LLC bought a new position in shares of Kinder Morgan during the 4th quarter worth $25,000. Centricity Wealth Management LLC bought a new position in Kinder Morgan during the fourth quarter worth about $25,000. Hurley Capital LLC purchased a new position in shares of Kinder Morgan in the fourth quarter worth about $25,000. Fourth Dimension Wealth LLC bought a new stake in shares of Kinder Morgan in the fourth quarter valued at approximately $26,000. Finally, Modus Advisors LLC purchased a new stake in shares of Kinder Morgan during the 4th quarter valued at approximately $27,000. Hedge funds and other institutional investors own 62.52% of the company's stock.

About Kinder Morgan

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.