Kinder Morgan (NYSE:KMI) Shares Up 2.5% – What’s Next?

Shares of Kinder Morgan, Inc. (NYSE:KMI) shot up 2.5% during trading on Tuesday. The company traded as high as $32.31 and last traded at $32.20. 15,606,039 shares traded hands during trading, an increase of 28% from the average daily volume of 12,184,577 shares. The stock had previously closed at $31.41.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Capital One Financial initiated coverage on shares of Kinder Morgan in a research note on Tuesday, September 22nd. They issued an “equal weight” rating and a $36.00 price target on the stock. Wells Fargo & Company boosted their price objective on Kinder Morgan from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Weiss Ratings restated a “buy (b+)” rating on shares of Kinder Morgan in a research report on Friday, September 18th. Stifel Nicolaus initiated coverage on Kinder Morgan in a research note on Wednesday, September 9th. They issued a “hold” rating and a $35.00 price target on the stock. Finally, Citigroup reissued a “neutral” rating on shares of Kinder Morgan in a research note on Wednesday, July 29th. Eight equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $35.77.

Kinder Morgan Stock Performance

The company has a current ratio of 0.46, a quick ratio of 0.36 and a debt-to-equity ratio of 0.91. The stock’s fifty day simple moving average is $31.45 and its 200 day simple moving average is $32.07. The company has a market cap of $71.70 billion, a price-to-earnings ratio of 20.64, a P/E/G ratio of 2.19 and a beta of 0.59.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results 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 return on equity of 10.46% and a net margin of 19.31%.The business had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same period in the prior year, the business earned $0.28 earnings per share. The business’s revenue was up 10.8% compared to the same quarter last year. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, analysts anticipate that Kinder Morgan, Inc. will post 1.55 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were issued a $0.2975 dividend. This represents a $1.19 annualized dividend and a yield of 3.7%. The ex-dividend date was Monday, August 3rd. Kinder Morgan’s dividend payout ratio is presently 76.28%.

Insider Activity

In other Kinder Morgan news, VP Michael Garthwaite sold 1,550 shares of the firm’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 directly owned 48,863 shares of the company’s stock, valued at $1,504,980.40. This trade represents a 3.07% decrease in their position. The sale was disclosed in a legal 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. 12.72% of the stock is owned by company insiders.

Institutional Investors Weigh In On Kinder Morgan

A number of hedge funds have recently modified their holdings of KMI. Tompkins Financial Corp increased its position in Kinder Morgan by 28.6% during the third quarter. Tompkins Financial Corp now owns 2,743 shares of the pipeline company’s stock worth $83,000 after purchasing an additional 610 shares during the last quarter. Baker Tilly Wealth Management LLC acquired a new position in Kinder Morgan in the 3rd quarter valued at about $639,000. Ferguson Wellman Capital Management Inc. grew its stake 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 buying an additional 4,668 shares during the period. CapWealth Advisors LLC purchased a new stake in shares of Kinder Morgan in the 3rd quarter valued at approximately $253,000. Finally, Eastern Bank increased its holdings in shares of 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 last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Kinder Morgan Company Profile

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.