Analysts Set Kinder Morgan, Inc. (NYSE:KMI) PT at $27.00

Kinder Morgan, Inc. (NYSE:KMI) has earned a consensus rating of “Moderate Buy” from the fifteen research firms that are currently covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $29.14.

Several equities research analysts recently commented on KMI shares. Wells Fargo & Company lifted their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Truist Financial lifted their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Barclays raised their target price on Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Citigroup increased their price target on Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Mizuho lifted their price objective on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd.

Insider Activity

In other Kinder Morgan news, Director Amy W. Chronis bought 2,241 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was bought at an average cost of $24.89 per share, with a total value of $55,778.49. Following the completion of the transaction, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. The trade was a 10.30 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, President Thomas A. Martin sold 19,121 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total transaction of $502,499.88. Following the completion of the transaction, the president now directly owns 897,652 shares in the company, valued at approximately $23,590,294.56. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,121 shares of company stock worth $1,497,000 over the last quarter. 12.81% of the stock is currently owned by corporate insiders.

Institutional Trading of Kinder Morgan

Several institutional investors and hedge funds have recently modified their holdings of the stock. Retirement Wealth Solutions LLC bought a new stake in Kinder Morgan during the fourth quarter worth $25,000. Modus Advisors LLC purchased a new stake in shares of Kinder Morgan in the fourth quarter valued at about $27,000. Heck Capital Advisors LLC bought a new position in shares of Kinder Morgan during the fourth quarter valued at about $29,000. Northwest Investment Counselors LLC purchased a new position in Kinder Morgan during the third quarter worth about $28,000. Finally, Planning Capital Management Corp increased its stake in Kinder Morgan by 143.6% in the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after buying an additional 797 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $27.30 on Thursday. The firm has a 50 day simple moving average of $28.01 and a 200 day simple moving average of $24.60. The company has a market cap of $60.64 billion, a price-to-earnings ratio of 23.33, a PEG ratio of 4.13 and a beta of 0.94. Kinder Morgan has a one year low of $16.47 and a one year high of $31.48. 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 issued its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.10% and a net margin of 17.31%. Research analysts predict that Kinder Morgan will post 1.27 earnings per share for the current fiscal year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be issued a $0.2875 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.21%. Kinder Morgan’s payout ratio is currently 98.29%.

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.