Kinder Morgan, Inc. (NYSE:KMI) Receives Average Rating of “Moderate Buy” from Brokerages

Kinder Morgan, Inc. (NYSE:KMI) has been given an average rating of “Moderate Buy” by the fourteen analysts that are covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $25.36.

KMI has been the topic of several research analyst reports. Barclays boosted their target price on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Royal Bank of Canada boosted their target price on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a research report on Friday, October 18th. Wells Fargo & Company boosted their target price on shares of Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th.

Insider Transactions at Kinder Morgan

In related news, Director C Park Shaper sold 690,142 shares of the company’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $24.75, for a total value of $17,081,014.50. Following the completion of the transaction, the director now directly owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. This represents a 9.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Thomas A. Martin sold 19,121 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total value of $502,499.88. Following the completion of the transaction, the president now owns 897,652 shares of the company’s stock, valued at $23,590,294.56. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.64% of the company’s stock.

Hedge Funds Weigh In On Kinder Morgan

Several institutional investors have recently added to or reduced their stakes in the business. Northwest Investment Counselors LLC purchased a new stake in Kinder Morgan during the third quarter valued at about $28,000. Pathway Financial Advisers LLC purchased a new stake in Kinder Morgan during the first quarter valued at about $30,000. HWG Holdings LP purchased a new stake in Kinder Morgan during the second quarter valued at about $30,000. Planning Capital Management Corp grew its position in Kinder Morgan by 143.6% during the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 797 shares during the period. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Kinder Morgan in the second quarter worth about $31,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $27.27 on Friday. The firm’s fifty day simple moving average is $23.72 and its 200-day simple moving average is $21.40. The stock has a market capitalization of $60.58 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 3.69 and a beta of 0.91. Kinder Morgan has a 12 month low of $16.47 and a 12 month high of $27.58. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.02). The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 earnings per share. As a group, equities analysts forecast that Kinder Morgan will post 1.18 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a $0.2875 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.22%. Kinder Morgan’s dividend payout ratio (DPR) is 100.88%.

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.