Kinder Morgan (NYSE:KMI) Cut to Hold at Zacks Research

Kinder Morgan (NYSE:KMI) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

A number of other research analysts also recently issued reports on the stock. Wolfe Research downgraded shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Citigroup increased their price objective on shares of Kinder Morgan from $28.00 to $33.00 and gave the company a “neutral” rating in a research report on Monday, March 30th. Jefferies Financial Group reduced their price objective on shares of Kinder Morgan from $36.00 to $34.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Mizuho boosted their target price on shares of Kinder Morgan from $31.00 to $37.00 and gave the stock an “outperform” rating in a research note on Thursday, March 5th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Kinder Morgan in a report on Wednesday, June 10th. Eight investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $34.71.

Kinder Morgan Price Performance

KMI stock opened at $32.60 on Tuesday. The business’s 50-day moving average is $32.11 and its two-hundred day moving average is $31.04. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.52 and a quick ratio of 0.41. The firm has a market capitalization of $72.54 billion, a P/E ratio of 21.88, a P/E/G ratio of 2.71 and a beta of 0.54. Kinder Morgan has a 1 year low of $25.60 and a 1 year high of $34.81.

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

Insider Buying and Selling

In other news, VP Michael P. Garthwaite sold 1,550 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $31.44, for a total value of $48,732.00. Following the completion of the transaction, the vice president owned 41,743 shares in the company, valued at approximately $1,312,399.92. This represents a 3.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP John W. Schlosser sold 6,166 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $31.83, for a total transaction of $196,263.78. Following the completion of the transaction, the vice president directly owned 170,374 shares in the company, valued at $5,423,004.42. This trade represents a 3.49% 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. In the last three months, insiders have sold 23,148 shares of company stock worth $749,206. 12.72% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kinder Morgan

A number of institutional investors and hedge funds have recently bought and sold shares of KMI. Board of the Pension Protection Fund purchased a new position in shares of Kinder Morgan during the fourth quarter worth about $27,000. Commonwealth Retirement Investments LLC purchased a new stake in shares of Kinder Morgan in the 4th quarter valued at about $27,000. Frazier Financial Advisors LLC purchased a new stake in shares of Kinder Morgan in the 1st quarter valued at about $28,000. Acumen Wealth Advisors LLC acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at about $28,000. Finally, Dorato Capital Management acquired a new stake in shares of Kinder Morgan in the 4th quarter valued at about $30,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

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.