Melius Research Begins Coverage on Kinder Morgan (NYSE:KMI)

Investment analysts at Melius Research initiated coverage on shares of Kinder Morgan (NYSE:KMI) in a report released on Tuesday, Briefing.com reports. The brokerage set a “buy” rating and a $38.00 price target on the pipeline company’s stock. Melius Research’s price target would indicate a potential upside of 19.76% from the company’s current price.

KMI has been the topic of a number of other research reports. Citigroup reiterated a “neutral” rating on shares of Kinder Morgan in a research report on Wednesday, July 29th. Morgan Stanley set a $33.00 price target on shares of Kinder Morgan in a research note on Thursday. Zacks Research downgraded shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. The Goldman Sachs Group reissued a “buy” rating on shares of Kinder Morgan in a research report on Wednesday, June 10th. Finally, Wells Fargo & Company boosted their target price on Kinder Morgan from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Eight research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $35.67.

Kinder Morgan Price Performance

NYSE:KMI opened at $31.73 on Tuesday. The firm has a market capitalization of $70.66 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 2.24 and a beta of 0.56. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.46 and a quick ratio of 0.36. The business has a 50 day simple moving average of $31.76 and a 200-day simple moving average of $32.24. Kinder Morgan has a 1 year low of $25.60 and a 1 year high of $34.81.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.06. The company had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.22 billion. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.Kinder Morgan’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Equities analysts forecast that Kinder Morgan will post 1.55 EPS for the current year.

Insiders Place Their Bets

In other Kinder Morgan news, VP John Schlosser sold 6,166 shares of Kinder Morgan stock in a transaction on Monday, July 6th. The stock was sold at an average price of $31.90, for a total transaction of $196,695.40. Following the completion of the sale, the vice president directly owned 164,208 shares of the company’s stock, valued at $5,238,235.20. The trade was a 3.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Michael Garthwaite sold 1,550 shares of the company’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $30.80, for a total value of $47,740.00. Following the completion of the sale, the vice president owned 48,863 shares of the company’s stock, valued at $1,504,980.40. This represents a 3.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 12.72% of the company’s stock.

Hedge Funds Weigh In On Kinder Morgan

A number of hedge funds and other institutional investors have recently modified their holdings of KMI. BlackRock Inc. boosted its position in Kinder Morgan by 1.1% during the 2nd quarter. BlackRock Inc. now owns 175,834,246 shares of the pipeline company’s stock valued at $5,621,421,000 after acquiring an additional 1,875,143 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Kinder Morgan by 1.4% during the 1st quarter. Bank of America Corp DE now owns 62,018,394 shares of the pipeline company’s stock worth $2,079,477,000 after purchasing an additional 836,571 shares during the last quarter. Norges Bank bought a new stake in Kinder Morgan during the fourth quarter valued at about $1,132,125,000. Dimensional Fund Advisors LP boosted its position in Kinder Morgan by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 17,237,384 shares of the pipeline company’s stock valued at $577,998,000 after purchasing an additional 448,130 shares in the last quarter. Finally, Amundi grew its stake in Kinder Morgan by 5.8% in the first quarter. Amundi now owns 15,130,700 shares of the pipeline company’s stock valued at $507,332,000 after purchasing an additional 831,125 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

About Kinder Morgan

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and storage facilities across North America. Its assets transport and store natural gas, crude oil, refined petroleum products, renewable fuels, and carbon dioxide.

The company’s natural gas business supports gathering, processing, transportation, and storage, while its products pipeline network serves refineries, airports, utilities, and other industrial customers. Kinder Morgan also operates bulk and liquids terminals that handle energy products and other commodities, along with carbon dioxide infrastructure used in enhanced oil recovery and related applications.

Founded in 1997, Kinder Morgan has expanded through acquisitions and the development of energy infrastructure in the United States and Canada.