Kinder Morgan (NYSE:KMI) Stock Jumps 1.1% – Time to Buy?

Kinder Morgan, Inc. (NYSE:KMI)’s share price shot up 1.1% during trading on Monday. The company traded as high as $31.69 and last traded at $31.4140. Approximately 9,328,486 shares traded hands during mid-day trading, a decline of 23% from the average session volume of 12,160,411 shares. The stock had previously closed at $31.07.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Jefferies Financial Group cut their price target on Kinder Morgan from $35.00 to $33.00 and set a “hold” rating for the company in a report on Thursday, September 17th. The Goldman Sachs Group restated a “buy” rating on shares of Kinder Morgan in a research report on Wednesday, June 10th. Zacks Research lowered shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Melius Research assumed coverage on shares of Kinder Morgan in a research note on Tuesday, September 22nd. They set a “buy” rating and a $38.00 price target on the stock. Finally, Citigroup restated a “neutral” rating on shares of Kinder Morgan in a research report on Wednesday, July 29th. Eight research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $35.77.

Kinder Morgan Stock Performance

The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.36 and a current ratio of 0.46. The company has a market cap of $69.95 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 2.19 and a beta of 0.59. The firm’s 50-day moving average price is $31.45 and its 200 day moving average price is $32.08.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The firm had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.22 billion. During the same period last year, the firm earned $0.28 earnings per share. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. On average, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.55 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 3rd were issued a $0.2975 dividend. This represents a $1.19 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Monday, August 3rd. Kinder Morgan’s dividend payout ratio is currently 76.28%.

Insider Transactions at Kinder Morgan

In other news, VP Michael Garthwaite sold 1,550 shares of the business’s stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $30.80, for a total transaction of $47,740.00. Following the completion of the transaction, the vice president directly owned 48,863 shares in the company, valued at approximately $1,504,980.40. The trade was a 3.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 12.72% of the company’s stock.

Institutional Trading of Kinder Morgan

A number of large investors have recently made changes to their positions in KMI. Tompkins Financial Corp increased its holdings in shares of Kinder Morgan by 28.6% in the third quarter. Tompkins Financial Corp now owns 2,743 shares of the pipeline company’s stock worth $83,000 after acquiring an additional 610 shares in the last quarter. Baker Tilly Wealth Management LLC bought a new position in shares of Kinder Morgan during the 3rd quarter valued at about $639,000. Ferguson Wellman Capital Management Inc. grew its position in shares of Kinder Morgan by 0.7% in the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 717,507 shares of the pipeline company’s stock valued at $21,633,000 after purchasing an additional 4,668 shares during the period. CapWealth Advisors LLC bought a new stake in Kinder Morgan during the 3rd quarter worth approximately $253,000. Finally, Eastern Bank raised its holdings in Kinder Morgan by 0.5% during the 3rd quarter. Eastern Bank now owns 789,655 shares of the pipeline company’s stock worth $23,808,000 after buying an additional 4,001 shares during the period. Institutional investors own 62.52% of the company’s stock.

About Kinder Morgan

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and storage facilities. Its assets primarily transport and store natural gas, crude oil, refined petroleum products, and carbon dioxide, supporting energy producers, utilities, refiners, industrial companies, and other customers.

The company’s natural gas business includes interstate and intrastate pipelines, gathering and processing systems, and underground storage facilities.