Kinder Morgan, Inc. (NYSE:KMI) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Kinder Morgan, Inc. (NYSE:KMI - Get Free Report) have received a consensus rating of "Moderate Buy" from the fourteen analysts that are presently covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $22.55.

Several analysts recently issued reports on the stock. Scotiabank boosted their price objective on shares of Kinder Morgan from $19.00 to $21.00 and gave the company a "sector perform" rating in a report on Wednesday, July 17th. Stifel Nicolaus increased their price target on shares of Kinder Morgan from $22.00 to $23.00 and gave the stock a "hold" rating in a research report on Tuesday, August 27th. Barclays raised their target price on shares of Kinder Morgan from $21.00 to $22.00 and gave the company an "equal weight" rating in a report on Friday, September 13th. Argus upgraded shares of Kinder Morgan from a "hold" rating to a "buy" rating and set a $24.00 price target on the stock in a research note on Friday, July 19th. Finally, Truist Financial increased their price target on shares of Kinder Morgan from $20.00 to $22.00 and gave the company a "hold" rating in a research note on Friday, July 26th.

Insider Activity

In related news, VP Sital K. Mody sold 21,413 shares of the stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total value of $455,026.25. Following the completion of the sale, the vice president now directly owns 25,169 shares of the company's stock, valued at approximately $534,841.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, President Thomas A. Martin sold 100,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the completion of the sale, the president now owns 916,773 shares in the company, valued at approximately $19,261,400.73. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Sital K. Mody sold 21,413 shares of the firm's stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total value of $455,026.25. Following the completion of the sale, the vice president now owns 25,169 shares of the company's stock, valued at approximately $534,841.25. The disclosure for this sale can be found here. Insiders sold a total of 148,311 shares of company stock valued at $3,121,891 over the last three months. Insiders own 12.64% of the company's stock.

Hedge Funds Weigh In On Kinder Morgan

Hedge funds and other institutional investors have recently modified their holdings of the stock. LSV Asset Management acquired a new position in shares of Kinder Morgan in the 1st quarter valued at $8,818,000. Brevan Howard Capital Management LP bought a new position in Kinder Morgan during the fourth quarter worth $2,101,000. Duality Advisers LP grew its stake in Kinder Morgan by 42.7% in the 1st quarter. Duality Advisers LP now owns 317,425 shares of the pipeline company's stock valued at $5,822,000 after buying an additional 94,984 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its holdings in Kinder Morgan by 221.3% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 251,635 shares of the pipeline company's stock valued at $4,615,000 after buying an additional 173,313 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its stake in Kinder Morgan by 6.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 2,545,943 shares of the pipeline company's stock worth $46,726,000 after purchasing an additional 144,687 shares in the last quarter. Institutional investors own 62.52% of the company's stock.

Kinder Morgan Stock Performance

KMI traded up $0.16 during trading on Friday, reaching $21.75. 6,439,469 shares of the company's stock were exchanged, compared to its average volume of 13,705,784. Kinder Morgan has a 1 year low of $15.89 and a 1 year high of $21.86. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.37 and a quick ratio of 0.28. The stock has a market capitalization of $48.27 billion, a P/E ratio of 19.63, a price-to-earnings-growth ratio of 2.90 and a beta of 0.93. The company's fifty day simple moving average is $21.13 and its 200-day simple moving average is $19.68.

Kinder Morgan (NYSE:KMI - Get Free Report) last released its quarterly earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share (EPS) 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 analyst estimates of $4.13 billion. During the same period in the prior year, the business posted $0.24 EPS. Kinder Morgan's revenue was up 2.0% compared to the same quarter last year. As a group, research analysts predict that Kinder Morgan will post 1.19 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were issued a $0.2875 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $1.15 annualized dividend and a dividend yield of 5.29%. Kinder Morgan's dividend payout ratio (DPR) is 104.55%.

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.