Kinder Morgan, Inc. (NYSE:KMI) Given Average Recommendation of “Hold” by Analysts

Shares of Kinder Morgan, Inc. (NYSE:KMI) have received an average rating of “Hold” from the seven research firms that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $20.20.

A number of research firms recently issued reports on KMI. Truist Financial reissued a “hold” rating and set a $20.00 target price (down previously from $22.00) on shares of Kinder Morgan in a research report on Monday, March 25th. StockNews.com downgraded shares of Kinder Morgan from a “buy” rating to a “hold” rating in a research report on Friday, March 1st.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, VP Dax Sanders sold 50,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total value of $987,500.00. Following the completion of the sale, the vice president now owns 259,069 shares of the company’s stock, valued at $5,116,612.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Dax Sanders sold 50,000 shares of the firm’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 owns 259,069 shares of the company’s stock, valued at $5,116,612.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael C. Morgan sold 230,000 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $18.82, for a total transaction of $4,328,600.00. Following the sale, the director now directly owns 345,087 shares of the company’s stock, valued at approximately $6,494,537.34. The disclosure for this sale can be found here. 12.81% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kinder Morgan

Several large investors have recently added to or reduced their stakes in KMI. Tucker Asset Management LLC bought a new position in Kinder Morgan during the third quarter worth $25,000. True Wealth Design LLC lifted its stake in Kinder Morgan by 3,655.3% during the fourth quarter. True Wealth Design LLC now owns 1,427 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 1,389 shares during the last quarter. Altshuler Shaham Ltd bought a new position in Kinder Morgan during the fourth quarter worth $26,000. Activest Wealth Management bought a new position in Kinder Morgan during the fourth quarter worth $30,000. Finally, OFI Invest Asset Management bought a new position in Kinder Morgan during the first quarter worth $31,000. 62.52% of the stock is currently owned by institutional investors.

Kinder Morgan Price Performance

KMI stock opened at $19.39 on Friday. The company has a market cap of $43.03 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 5.53 and a beta of 0.89. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 0.95. The stock has a 50-day moving average price of $18.53 and a two-hundred day moving average price of $17.76. Kinder Morgan has a 12-month low of $15.89 and a 12-month high of $19.93.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, April 17th. The pipeline company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. The business had revenue of $3.84 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Kinder Morgan had a return on equity of 7.85% and a net margin of 16.08%. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.30 EPS. As a group, research analysts predict that Kinder Morgan will post 1.2 EPS for the current year.

Kinder Morgan Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were given a $0.2875 dividend. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.28. The ex-dividend date was Monday, April 29th. This represents a $1.15 annualized dividend and a yield of 5.93%. Kinder Morgan’s dividend payout ratio (DPR) is 104.55%.

Kinder Morgan Company Profile

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.