Brokerages Set Kinder Morgan, Inc. (NYSE:KMI) PT at $35.08

Kinder Morgan, Inc. (NYSE:KMIGet Free Report) has been assigned an average recommendation of “Hold” from the eighteen analysts that are covering the company, Marketbeat reports. Ten research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $35.50.

Several analysts recently issued reports on the company. Wells Fargo & Company increased their price target on Kinder Morgan from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Wolfe Research cut Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Morgan Stanley set a $38.00 target price on Kinder Morgan in a research report on Wednesday. The Goldman Sachs Group reiterated a “buy” rating on shares of Kinder Morgan in a research note on Wednesday, June 10th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Kinder Morgan in a research report on Thursday, July 23rd.

Check Out Our Latest Report on Kinder Morgan

Insider Buying and Selling at Kinder Morgan

In related news, VP Michael P. Garthwaite sold 1,550 shares of Kinder Morgan stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total transaction of $48,732.00. Following the sale, the vice president owned 41,743 shares of the company’s stock, valued at $1,312,399.92. The trade was a 3.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $32.41, for a total transaction of $199,840.06. Following the completion of the transaction, the vice president directly owned 176,540 shares of the company’s stock, valued at approximately $5,721,661.40. The trade was a 3.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 21,598 shares of company stock valued at $693,689 over the last 90 days. Insiders own 12.72% of the company’s stock.

Institutional Trading of Kinder Morgan

A number of hedge funds and other institutional investors have recently made changes to their positions in KMI. Evolution Wealth Management Inc. increased its position in shares of Kinder Morgan by 4,166.7% in the 2nd quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 750 shares during the last quarter. Frazier Financial Advisors LLC bought a new stake in Kinder Morgan in the first quarter valued at about $28,000. Commonwealth Retirement Investments LLC acquired a new stake in Kinder Morgan during the fourth quarter valued at approximately $27,000. First Pacific Financial lifted its holdings in Kinder Morgan by 9,900.0% during the 1st quarter. First Pacific Financial now owns 1,000 shares of the pipeline company’s stock worth $34,000 after buying an additional 990 shares during the last quarter. Finally, Robinswood Financial LLC acquired a new position in shares of Kinder Morgan in the 1st quarter worth approximately $34,000. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Up 0.9%

NYSE KMI opened at $31.88 on Monday. The firm has a market capitalization of $70.99 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 2.55 and a beta of 0.54. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.41 and a current ratio of 0.46. Kinder Morgan has a one year low of $25.60 and a one year high of $34.81. The company’s 50 day moving average price is $32.13 and its 200 day moving average price is $31.96.

Kinder Morgan (NYSE:KMIGet Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.06. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The company had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same period in the previous year, the firm earned $0.28 earnings per share. Kinder Morgan’s revenue for the quarter was up 10.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, sell-side analysts predict that Kinder Morgan will post 1.54 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be paid a dividend of $0.2975 per share. The ex-dividend date is Monday, August 3rd. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.7%. Kinder Morgan’s dividend payout ratio (DPR) is currently 76.28%.

Kinder Morgan Company Profile

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Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.

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Analyst Recommendations for Kinder Morgan (NYSE:KMI)

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