Analysts Set Kinder Morgan, Inc. (NYSE:KMI) Price Target at $20.20

Kinder Morgan, Inc. (NYSE:KMI) has been given a consensus rating of “Hold” by the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $20.20.

KMI has been the topic of several analyst reports. Truist Financial reiterated a “hold” rating and set a $20.00 price target (down previously from $22.00) on shares of Kinder Morgan in a report on Monday, March 25th. StockNews.com downgraded Kinder Morgan from a “buy” rating to a “hold” rating in a report on Friday, March 1st.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, Director Michael C. Morgan sold 230,000 shares of Kinder Morgan stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the sale, the director now owns 345,087 shares in the company, valued at $6,494,537.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 12.64% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kinder Morgan

A number of institutional investors have recently bought and sold shares of KMI. Osborne Partners Capital Management LLC raised its position in Kinder Morgan by 4.4% in the 1st quarter. Osborne Partners Capital Management LLC now owns 405,346 shares of the pipeline company’s stock valued at $7,434,000 after purchasing an additional 16,980 shares during the last quarter. Smith Chas P & Associates PA Cpas bought a new stake in Kinder Morgan during the 1st quarter worth about $190,000. Triumph Capital Management bought a new position in shares of Kinder Morgan in the first quarter worth about $555,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Kinder Morgan by 13.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,643,232 shares of the pipeline company’s stock worth $30,137,000 after purchasing an additional 198,194 shares in the last quarter. Finally, L.M. Kohn & Company acquired a new stake in shares of Kinder Morgan in the first quarter valued at approximately $184,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Kinder Morgan Price Performance

NYSE KMI opened at $18.80 on Tuesday. The firm has a market capitalization of $41.72 billion, a price-to-earnings ratio of 17.09, a price-to-earnings-growth ratio of 5.30 and a beta of 0.90. The company has a 50 day simple moving average of $17.95 and a 200-day simple moving average of $17.46. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.50 and a quick ratio of 0.28. Kinder Morgan has a 52-week low of $15.89 and a 52-week high of $18.92.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. The firm had revenue of $3.84 billion for the quarter, compared to analyst estimates of $4.36 billion. Kinder Morgan had a net margin of 16.08% and a return on equity of 7.85%. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 earnings per share. Equities research analysts predict that Kinder Morgan will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a $0.2875 dividend. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.15 annualized dividend and a dividend yield of 6.12%. Kinder Morgan’s dividend payout ratio (DPR) is presently 102.73%.

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.