Kinder Morgan, Inc. (NYSE:KMI) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) has earned an average rating of "Moderate Buy" from the fifteen ratings firms that are currently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $29.64.

Several brokerages recently issued reports on KMI. Truist Financial lifted their price objective on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Wells Fargo & Company boosted their price target on Kinder Morgan from $30.00 to $33.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Scotiabank initiated coverage on Kinder Morgan in a research report on Friday, January 10th. They set a "sector perform" rating and a $26.00 price objective on the stock. Royal Bank of Canada boosted their target price on shares of Kinder Morgan from $26.00 to $27.00 and gave the stock a "sector perform" rating in a report on Monday, March 3rd. Finally, Morgan Stanley raised their price target on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd.

Kinder Morgan Stock Up 2.5 %

Shares of KMI stock traded up $0.64 during mid-day trading on Tuesday, hitting $26.43. The stock had a trading volume of 15,768,232 shares, compared to its average volume of 13,993,289. The firm has a market capitalization of $58.73 billion, a P/E ratio of 22.59, a price-to-earnings-growth ratio of 3.08 and a beta of 0.72. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.49 and a quick ratio of 0.39. Kinder Morgan has a 12-month low of $17.61 and a 12-month high of $31.48. The firm's 50-day moving average is $26.95 and its two-hundred day moving average is $26.77.

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

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, February 3rd were given a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.35%. The ex-dividend date was Monday, February 3rd. Kinder Morgan's payout ratio is 98.29%.

Insider Buying and Selling

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $26.61, for a total transaction of $478,980.00. Following the completion of the transaction, the president now directly owns 825,652 shares of the company's stock, valued at approximately $21,970,599.72. This trade represents a 2.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP John W. Schlosser sold 75,461 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $26.65, for a total transaction of $2,011,035.65. Following the completion of the sale, the vice president now directly owns 220,681 shares in the company, valued at $5,881,148.65. This trade represents a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 129,461 shares of company stock worth $3,506,116 in the last 90 days. Insiders own 12.64% of the company's stock.

Hedge Funds Weigh In On Kinder Morgan

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

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.