Brokerages Set Kinder Morgan, Inc. (NYSE:KMI) Price Target at $34.20

Shares of Kinder Morgan, Inc. (NYSE:KMI) have been assigned a consensus rating of “Moderate Buy” from the eighteen research firms that are presently covering the company, Marketbeat.com reports. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $34.20.

Several research firms recently weighed in on KMI. Wolfe Research downgraded Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Barclays reaffirmed an “overweight” rating on shares of Kinder Morgan in a research report on Friday, February 20th. Jefferies Financial Group lowered their price target on Kinder Morgan from $36.00 to $34.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Truist Financial started coverage on Kinder Morgan in a report on Tuesday, March 24th. They set a “hold” rating and a $38.00 price target on the stock. Finally, Stifel Nicolaus increased their price target on Kinder Morgan from $30.00 to $33.00 and gave the company a “hold” rating in a report on Friday, March 13th.

Kinder Morgan Stock Up 0.7%

KMI stock opened at $33.63 on Wednesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.41 and a current ratio of 0.52. The company has a market capitalization of $74.81 billion, a price-to-earnings ratio of 22.57, a price-to-earnings-growth ratio of 2.86 and a beta of 0.56. The business’s 50 day moving average price is $32.73 and its two-hundred day moving average price is $29.95. Kinder Morgan has a fifty-two week low of $25.60 and a fifty-two week high of $34.73.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, April 22nd. The pipeline company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.10. The company had revenue of $4.83 billion for the quarter, compared to the consensus estimate of $4.55 billion. Kinder Morgan had a return on equity of 9.90% and a net margin of 18.92%.The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.34 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, analysts forecast that Kinder Morgan will post 1.49 earnings per share for the current fiscal year.

Kinder Morgan Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 4th were paid a $0.2975 dividend. This is a positive change from Kinder Morgan’s previous quarterly dividend of $0.29. The ex-dividend date was Monday, May 4th. This represents a $1.19 annualized dividend and a dividend yield of 3.5%. Kinder Morgan’s dividend payout ratio (DPR) is currently 79.87%.

Insiders Place Their Bets

In other Kinder Morgan news, VP John W. Schlosser sold 6,166 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $32.41, for a total value of $199,840.06. Following the completion of the sale, the vice president owned 176,540 shares in the company, valued at approximately $5,721,661.40. This represents a 3.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $31.72, for a total value of $49,166.00. Following the completion of the sale, the vice president owned 44,843 shares of the company’s stock, valued at $1,422,419.96. The trade was a 3.34% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 29,598 shares of company stock worth $966,877. Corporate insiders own 12.72% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Cardiff Park Advisors LLC bought a new stake in shares of Kinder Morgan during the first quarter valued at approximately $228,000. Gateway Wealth Partners LLC purchased a new position in Kinder Morgan in the first quarter worth $914,000. Cypress Capital Group lifted its stake in shares of Kinder Morgan by 21.6% during the first quarter. Cypress Capital Group now owns 92,831 shares of the pipeline company’s stock worth $3,113,000 after buying an additional 16,465 shares during the period. OMERS ADMINISTRATION Corp lifted its position in Kinder Morgan by 29.7% during the first quarter. OMERS ADMINISTRATION Corp now owns 93,293 shares of the pipeline company’s stock valued at $3,128,000 after purchasing an additional 21,354 shares during the period. Finally, Bradley Foster & Sargent Inc. CT lifted its position in Kinder Morgan by 0.6% during the first quarter. Bradley Foster & Sargent Inc. CT now owns 365,180 shares of the pipeline company’s stock valued at $12,244,000 after purchasing an additional 2,101 shares during the period. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Company Profile

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.