Recent Research Analysts’ Ratings Updates for Kinder Morgan (KMI)

Kinder Morgan (NYSE: KMI) recently received a number of ratings updates from brokerages and research firms:

• 7/30/2024 – Kinder Morgan had its price target raised by analysts at Royal Bank of Canada from $20.00 to $22.00. They now have a “sector perform” rating on the stock.
• 7/29/2024 – Kinder Morgan had its price target raised by analysts at Barclays PLC from $20.00 to $21.00. They now have an “equal weight” rating on the stock.
• 7/26/2024 – Kinder Morgan had its price target raised by analysts at Truist Financial Co. from $20.00 to $22.00. They now have a “hold” rating on the stock.
• 7/25/2024 – Kinder Morgan had its price target raised by analysts at JPMorgan Chase & Co. from $20.00 to $23.00. They now have a “neutral” rating on the stock.
• 7/19/2024 – Kinder Morgan was upgraded by analysts at Argus from a “hold” rating to a “buy” rating. They now have a $24.00 price target on the stock.
• 7/17/2024 – Kinder Morgan had its price target raised by analysts at Scotiabank from $19.00 to $21.00. They now have a “sector perform” rating on the stock.
• 6/12/2024 – Kinder Morgan had its price target raised by analysts at UBS Group AG from $22.00 to $24.00. They now have a “buy” rating on the stock.
• 6/4/2024 – Kinder Morgan was upgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating. They now have a $22.00 price target on the stock, up previously from $18.00.

Kinder Morgan Trading Up 2.0 %

Shares of Kinder Morgan stock opened at $21.72 on Wednesday. The firm has a market cap of $48.21 billion, a PE ratio of 19.75, a P/E/G ratio of 2.91 and a beta of 0.93. The company has a quick ratio of 0.28, a current ratio of 0.37 and a debt-to-equity ratio of 0.90. Kinder Morgan, Inc. has a fifty-two week low of $15.89 and a fifty-two week high of $21.86. The business’s fifty day moving average is $20.03 and its two-hundred day moving average is $18.67.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01). The business had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $4.13 billion. Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.24 earnings per share. Analysts anticipate that Kinder Morgan, Inc. will post 1.22 earnings per share for the current year.

Kinder Morgan Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be issued a $0.2875 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $1.15 dividend on an annualized basis and a yield of 5.29%. Kinder Morgan’s payout ratio is 104.55%.

Insider Buying and Selling

In other news, VP Dax Sanders sold 50,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total transaction of $987,500.00. Following the completion of the sale, the vice president now directly owns 259,069 shares of the company’s stock, valued at approximately $5,116,612.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Kinder Morgan news, VP Dax Sanders sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total transaction of $987,500.00. Following the completion of the sale, the vice president now directly owns 259,069 shares in the company, valued at $5,116,612.75. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Sital K. Mody sold 21,413 shares of the business’s 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 transaction, the vice president now owns 25,169 shares in the company, valued at approximately $534,841.25. The disclosure for this sale can be found here. 12.64% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in KMI. True Wealth Design LLC grew its position in shares of Kinder Morgan by 3,655.3% during the 4th quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock valued at $25,000 after buying an additional 1,389 shares during the last quarter. Altshuler Shaham Ltd bought a new stake in shares of Kinder Morgan during the fourth quarter valued at approximately $26,000. Pathway Financial Advisers LLC bought a new position in Kinder Morgan in the 1st quarter worth approximately $30,000. OFI Invest Asset Management acquired a new stake in Kinder Morgan in the 1st quarter valued at approximately $31,000. Finally, Redmont Wealth Advisors LLC bought a new stake in Kinder Morgan during the 1st quarter valued at $31,000. 62.52% of the stock is currently owned by institutional investors.

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.