Brokerages Set Kinder Morgan, Inc. (NYSE:KMI) Target Price at $31.20

Shares of Kinder Morgan, Inc. (NYSE:KMI) have been assigned an average recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the firm, MarketBeat reports. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $31.20.

A number of equities analysts have recently issued reports on the stock. Barclays restated an “overweight” rating and issued a $32.00 price objective (up previously from $31.00) on shares of Kinder Morgan in a research note on Monday, June 23rd. Wells Fargo & Company increased their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. TD Cowen initiated coverage on shares of Kinder Morgan in a report on Monday, July 7th. They set a “buy” rating and a $34.00 price objective on the stock. Scotiabank increased their price objective on shares of Kinder Morgan from $27.00 to $28.00 and gave the stock a “sector perform” rating in a report on Friday, July 18th. Finally, Morgan Stanley set a $34.00 price objective on shares of Kinder Morgan in a report on Monday, July 7th.

Insider Activity

In other Kinder Morgan news, VP Sital K. Mody sold 45,549 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $27.96, for a total transaction of $1,273,550.04. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP John W. Schlosser sold 6,166 shares of the firm’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $27.00, for a total transaction of $166,482.00. Following the completion of the transaction, the vice president directly owned 225,868 shares in the company, valued at $6,098,436. This trade represents a 2.66% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 128,008 shares of company stock worth $3,553,982. 12.73% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Kinder Morgan by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 207,219,481 shares of the pipeline company’s stock valued at $6,092,253,000 after purchasing an additional 3,070,609 shares during the last quarter. Geode Capital Management LLC boosted its stake in Kinder Morgan by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 51,848,863 shares of the pipeline company’s stock worth $1,518,195,000 after acquiring an additional 599,152 shares during the last quarter. Norges Bank bought a new position in Kinder Morgan during the 2nd quarter worth approximately $1,162,802,000. Orbis Allan Gray Ltd boosted its stake in Kinder Morgan by 3.1% during the 2nd quarter. Orbis Allan Gray Ltd now owns 22,635,179 shares of the pipeline company’s stock worth $665,474,000 after acquiring an additional 670,856 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Kinder Morgan by 2.8% during the 2nd quarter. Invesco Ltd. now owns 21,949,329 shares of the pipeline company’s stock worth $645,310,000 after acquiring an additional 603,197 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Up 0.7%

Shares of KMI stock opened at $27.56 on Friday. Kinder Morgan has a 52-week low of $20.72 and a 52-week high of $31.48. The stock has a market cap of $61.24 billion, a price-to-earnings ratio of 22.59, a P/E/G ratio of 3.21 and a beta of 0.81. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.53 and a current ratio of 0.68. The firm has a fifty day moving average of $27.24 and a 200-day moving average of $27.34.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.28. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. The company had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter in the prior year, the company posted $0.26 EPS. The business’s revenue was up 13.2% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. On average, equities research analysts forecast that Kinder Morgan will post 1.25 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were issued a dividend of $0.2925 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $1.17 dividend on an annualized basis and a yield of 4.2%. Kinder Morgan’s dividend payout ratio is currently 95.90%.

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.