Kinder Morgan, Inc. (NYSE:KMI) Receives $20.20 Consensus Target Price from Brokerages

Shares of Kinder Morgan, Inc. (NYSE:KMI) have been given an average rating of “Hold” by the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $20.20.

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

Institutional Trading of Kinder Morgan

Institutional investors have recently modified their holdings of the business. SageView Advisory Group LLC increased its stake in shares of Kinder Morgan by 3.0% during the 3rd quarter. SageView Advisory Group LLC now owns 20,607 shares of the pipeline company’s stock worth $342,000 after purchasing an additional 596 shares during the last quarter. Wesbanco Bank Inc. increased its stake in shares of Kinder Morgan by 0.4% during the 3rd quarter. Wesbanco Bank Inc. now owns 148,549 shares of the pipeline company’s stock worth $2,463,000 after purchasing an additional 599 shares during the last quarter. Chronos Wealth Management LLC increased its stake in shares of Kinder Morgan by 2.7% during the 3rd quarter. Chronos Wealth Management LLC now owns 22,700 shares of the pipeline company’s stock worth $376,000 after purchasing an additional 600 shares during the last quarter. Cubic Asset Management LLC increased its stake in shares of Kinder Morgan by 5.1% during the 4th quarter. Cubic Asset Management LLC now owns 12,292 shares of the pipeline company’s stock worth $217,000 after purchasing an additional 600 shares during the last quarter. Finally, Thoroughbred Financial Services LLC increased its stake in shares of Kinder Morgan by 2.1% during the 4th quarter. Thoroughbred Financial Services LLC now owns 30,018 shares of the pipeline company’s stock worth $529,000 after purchasing an additional 610 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Stock Up 0.1 %

NYSE KMI opened at $18.42 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 0.88. Kinder Morgan has a 1-year low of $15.89 and a 1-year high of $18.52. The company has a 50 day moving average of $17.41 and a 200-day moving average of $17.24. The company has a market cap of $40.88 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 5.16 and a beta of 0.90.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, January 17th. The pipeline company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). Kinder Morgan had a net margin of 15.59% and a return on equity of 7.57%. The business had revenue of $4.04 billion during the quarter, compared to analyst estimates of $4.40 billion. During the same quarter in the previous year, the firm posted $0.31 earnings per share. The firm’s quarterly revenue was down 11.8% on a year-over-year basis. On average, equities research analysts expect that Kinder Morgan will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were paid a $0.2825 dividend. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $1.13 annualized dividend and a dividend yield of 6.13%. Kinder Morgan’s dividend payout ratio is 105.61%.

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.