Brokerages Set Kinder Morgan, Inc. (NYSE:KMI) Target Price at $23.18

Shares of Kinder Morgan, Inc. (NYSE:KMI) have earned an average recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $24.09.

Several brokerages recently weighed in on KMI. Scotiabank upped their target price on shares of Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 17th. JPMorgan Chase & Co. increased their price objective on Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Royal Bank of Canada boosted their target price on Kinder Morgan from $22.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Morgan Stanley raised Kinder Morgan from an “underweight” rating to an “equal weight” rating and set a $24.00 price target on the stock in a research report on Monday, September 16th. Finally, Wells Fargo & Company upped their target price on shares of Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday.

Insider Transactions at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 100,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the completion of the transaction, the president now owns 916,773 shares in the company, valued at approximately $19,261,400.73. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, President Thomas A. Martin sold 100,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the completion of the transaction, the president now directly owns 916,773 shares of the company’s stock, valued at approximately $19,261,400.73. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Sital K. Mody sold 21,413 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $21.25, for a total value of $455,026.25. Following the completion of the sale, the vice president now owns 25,169 shares in the company, valued at approximately $534,841.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 148,311 shares of company stock worth $3,121,891 over the last 90 days. 12.64% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kinder Morgan

A number of hedge funds and other institutional investors have recently modified their holdings of KMI. HWG Holdings LP acquired a new stake in Kinder Morgan in the 2nd quarter valued at about $30,000. ZRC Wealth Management LLC purchased a new stake in shares of Kinder Morgan in the third quarter valued at about $36,000. Pathway Financial Advisers LLC acquired a new stake in shares of Kinder Morgan in the first quarter valued at approximately $30,000. Redmont Wealth Advisors LLC purchased a new position in shares of Kinder Morgan during the 1st quarter worth approximately $31,000. Finally, OFI Invest Asset Management acquired a new position in shares of Kinder Morgan during the 1st quarter worth approximately $31,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Kinder Morgan Price Performance

KMI stock opened at $24.82 on Tuesday. Kinder Morgan has a 52-week low of $15.91 and a 52-week high of $25.43. The company has a quick ratio of 0.28, a current ratio of 0.37 and a debt-to-equity ratio of 0.90. The stock has a market cap of $55.09 billion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 3.27 and a beta of 0.93. The business has a fifty day moving average of $22.04 and a two-hundred day moving average of $20.42.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Kinder Morgan had a net margin of 15.93% and a return on equity of 7.89%. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the prior year, the business earned $0.25 earnings per share. Kinder Morgan’s revenue was down 5.3% on a year-over-year basis. As a group, research analysts anticipate that Kinder Morgan will post 1.19 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a yield of 4.63%. Kinder Morgan’s payout ratio 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.