Kinder Morgan, Inc. (NYSE:KMI) Stock Has Average Target Price of $37.15 According to Brokerages

Shares of Kinder Morgan, Inc. (NYSE:KMI) have received an average recommendation of “Moderate Buy” from the twenty-three brokerages that are currently covering the firm, Marketbeat reports. Eleven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $37.15.

KMI has been the subject of several analyst reports. BMO Capital Markets raised their price objective on shares of Kinder Morgan from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Thursday, October 22nd. Royal Bank Of Canada raised their price target on Kinder Morgan from $36.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 28th. UBS Group reiterated a “buy” rating on shares of Kinder Morgan in a report on Tuesday, October 27th. Stifel Nicolaus started coverage on Kinder Morgan in a report on Wednesday, September 9th. They set a “hold” rating and a $35.00 target price for the company. Finally, JPMorgan Chase & Co. increased their price objective on shares of Kinder Morgan from $36.00 to $37.00 and gave the company a “neutral” rating in a report on Monday, November 2nd.

Kinder Morgan Trading Down 0.7%

Shares of KMI stock opened at $29.98 on Wednesday. The company has a 50-day moving average of $32.08 and a two-hundred day moving average of $32.12. Kinder Morgan has a 1-year low of $26.03 and a 1-year high of $34.81. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.67 and a quick ratio of 0.55. The firm has a market cap of $66.80 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 2.28 and a beta of 0.58.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, October 21st. The pipeline company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.37 billion. Kinder Morgan had a net margin of 19.64% and a return on equity of 10.84%. Kinder Morgan’s revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.29 EPS. On average, analysts predict that Kinder Morgan will post 1.57 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Monday, November 2nd will be issued a $0.2975 dividend. This represents a $1.19 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Monday, November 2nd. Kinder Morgan’s payout ratio is presently 73.46%.

Insider Buying and Selling

In related news, Chairman Richard D. Kinder purchased 500,000 shares of the company’s stock in a transaction that occurred on Friday, November 6th. The stock was acquired at an average price of $29.99 per share, for a total transaction of $14,995,000.00. Following the completion of the purchase, the chairman owned 246,712,353 shares in the company, valued at approximately $7,398,903,466.47. This represents a 0.20% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Michael P. Garthwaite sold 1,550 shares of the stock in a transaction on Friday, October 16th. The stock was sold at an average price of $33.65, for a total value of $52,157.50. Following the sale, the vice president owned 47,313 shares of the company’s stock, valued at approximately $1,592,082.45. This represents a 3.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 12.72% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kinder Morgan

Several hedge funds have recently bought and sold shares of the business. Evolution Wealth Management Inc. increased its holdings in Kinder Morgan by 4,166.7% in the 2nd quarter. Evolution Wealth Management Inc. now owns 768 shares of the pipeline company’s stock worth $25,000 after buying an additional 750 shares during the period. Transamerica Financial Advisors LLC increased its position in Kinder Morgan by 72.9% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 778 shares of the pipeline company’s stock valued at $25,000 after acquiring an additional 328 shares during the period. Frazier Financial Advisors LLC acquired a new position in Kinder Morgan in the first quarter worth approximately $28,000. Bell Investment Advisors Inc boosted its holdings in Kinder Morgan by 112.1% during the second quarter. Bell Investment Advisors Inc now owns 946 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 500 shares in the last quarter. Finally, Commonwealth Retirement Investments LLC bought a new position in Kinder Morgan during the 2nd quarter worth approximately $32,000. 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 transports and stores natural gas, crude oil, refined petroleum products and other energy-related commodities. Its assets include pipelines, terminals and storage facilities serving energy producers, utilities, industrial customers and other markets across the United States and Canada.

The company’s operations include natural gas transportation and storage, refined-products and crude-oil pipelines, bulk and liquids terminals, and carbon dioxide transportation.