Kinder Morgan, Inc. (NYSE:KMI) Receives $29.79 Average Price Target from Analysts

Kinder Morgan, Inc. (NYSE:KMI) has received a consensus recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $29.79.

A number of research analysts have recently weighed in on the company. Royal Bank of Canada lifted their price target on Kinder Morgan from $27.00 to $28.00 and gave the company a “sector perform” rating in a report on Tuesday, April 29th. Scotiabank lifted their target price on Kinder Morgan from $25.00 to $26.00 and gave the company a “sector perform” rating in a research note on Monday, April 21st. Wells Fargo & Company reiterated an “overweight” rating on shares of Kinder Morgan in a research note on Monday, May 5th. Barclays upgraded shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective on the stock in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Kinder Morgan from $29.00 to $30.00 and gave the company a “neutral” rating in a report on Tuesday, May 6th.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $28.75, for a total transaction of $517,500.00. Following the completion of the sale, the president now owns 807,652 shares of the company’s stock, valued at $23,219,995. This represents a 2.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders sold 54,000 shares of company stock worth $1,492,740. 12.73% of the stock is owned by corporate insiders.

Institutional Trading of Kinder Morgan

Large investors have recently modified their holdings of the company. Xponance Inc. boosted its stake in Kinder Morgan by 5.2% during the 4th quarter. Xponance Inc. now owns 303,044 shares of the pipeline company’s stock valued at $8,303,000 after purchasing an additional 15,114 shares during the period. Golden State Equity Partners boosted its position in shares of Kinder Morgan by 2,507.9% in the fourth quarter. Golden State Equity Partners now owns 16,430 shares of the pipeline company’s stock valued at $450,000 after acquiring an additional 15,800 shares during the period. Royal London Asset Management Ltd. boosted its position in shares of Kinder Morgan by 2.0% in the fourth quarter. Royal London Asset Management Ltd. now owns 2,265,044 shares of the pipeline company’s stock valued at $62,062,000 after acquiring an additional 44,474 shares during the period. Clear Creek Financial Management LLC boosted its position in shares of Kinder Morgan by 86.3% in the fourth quarter. Clear Creek Financial Management LLC now owns 23,716 shares of the pipeline company’s stock valued at $650,000 after acquiring an additional 10,987 shares during the period. Finally, Chung Wu Investment Group LLC bought a new stake in Kinder Morgan in the 4th quarter valued at $385,000. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Trading Up 0.4%

Shares of KMI opened at $28.03 on Wednesday. The business’s 50-day moving average price is $27.19 and its 200 day moving average price is $27.43. The stock has a market capitalization of $62.28 billion, a P/E ratio of 23.96, a P/E/G ratio of 3.08 and a beta of 0.74. Kinder Morgan has a 1-year low of $18.99 and a 1-year high of $31.48. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI) last released its earnings results on Wednesday, April 16th. The pipeline company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. The business had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.02 billion. Analysts expect that Kinder Morgan will post 1.25 earnings per share for the current year.

Kinder Morgan Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were paid a dividend of $0.2925 per share. This represents a $1.17 annualized dividend and a dividend yield of 4.17%. The ex-dividend date was Wednesday, April 30th. This is an increase from Kinder Morgan’s previous quarterly dividend of $0.29. Kinder Morgan’s dividend payout ratio is 100.86%.

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.