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

Investment analysts at Melius Research began coverage on shares of Kinder Morgan (NYSE:KMI) in a report released on Tuesday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $38.00 price target on the pipeline company’s stock. Melius Research’s price objective would suggest a potential upside of 21.15% from the company’s current price.

KMI has been the topic of several other research reports. Stifel Nicolaus initiated coverage on Kinder Morgan in a research report on Wednesday, September 9th. They set a “hold” rating and a $35.00 price objective on the stock. The Goldman Sachs Group reissued a “buy” rating on shares of Kinder Morgan in a research report on Wednesday, June 10th. Weiss Ratings restated a “buy (b+)” rating on shares of Kinder Morgan in a research note on Friday, September 18th. Wells Fargo & Company raised their price target on shares of Kinder Morgan from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Finally, Zacks Research cut shares of Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Eight research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $35.77.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $31.37 on Tuesday. The company has a market capitalization of $69.85 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 2.20 and a beta of 0.56. The company has a current ratio of 0.46, a quick ratio of 0.36 and a debt-to-equity ratio of 0.91. Kinder Morgan has a 12 month low of $25.60 and a 12 month high of $34.81. The stock’s 50 day moving average is $31.72 and its 200-day moving average is $32.21.

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, topping the consensus estimate of $0.31 by $0.06. The business had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.22 billion. Kinder Morgan had a return on equity of 10.46% and a net margin of 19.31%.The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period last year, the firm posted $0.28 EPS. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. Equities research analysts expect that Kinder Morgan will post 1.55 EPS for the current year.

Insider Activity at Kinder Morgan

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

Hedge Funds Weigh In On Kinder Morgan

A number of institutional investors have recently modified their holdings of the business. QRG Capital Management Inc. lifted its position in shares of Kinder Morgan by 3.3% during the 2nd quarter. QRG Capital Management Inc. now owns 224,085 shares of the pipeline company’s stock worth $7,164,000 after buying an additional 7,092 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Kinder Morgan by 7.1% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 574,907 shares of the pipeline company’s stock valued at $18,380,000 after buying an additional 37,922 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Kinder Morgan by 0.8% in the second quarter. Envestnet Asset Management Inc. now owns 5,122,523 shares of the pipeline company’s stock valued at $163,766,000 after acquiring an additional 38,739 shares during the last quarter. State Street Corp raised its stake in Kinder Morgan by 4.3% during the second quarter. State Street Corp now owns 130,863,419 shares of the pipeline company’s stock worth $4,183,704,000 after acquiring an additional 5,361,578 shares in the last quarter. Finally, Core Capital Management & Research inc. acquired a new position in Kinder Morgan during the second quarter worth about $856,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

Key Kinder Morgan News

Here are the key news stories impacting Kinder Morgan this week:

• Positive Sentiment: Melius Research initiated coverage with a Buy rating and a $38 price target, implying meaningful upside from KMI’s recent trading level. The firm cited rising natural-gas demand from artificial-intelligence-related power consumption as a potential long-term growth driver for Kinder Morgan and Williams. Melius initiates coverage on Kinder Morgan and Williams
• Positive Sentiment: RBC Capital raised its price target to $36 from $35 while maintaining a Sector Perform rating. RBC expects favorable commodity prices to support Kinder Morgan’s third-quarter core earnings and said the company is showing strong quarterly momentum. RBC raises Kinder Morgan price target RBC comments on strong third-quarter momentum
• Neutral Sentiment: Capital One initiated coverage at Equal-weight with a $36 price target. Although the target is above the recent share price, the rating indicates the firm sees KMI as fairly valued relative to the sector rather than a clear outperformer. Capital One initiates Kinder Morgan coverage
• Neutral Sentiment: RBC Capital’s latest stance is Hold, reinforcing a cautious view despite the higher price target and favorable near-term earnings commentary. RBC gives Kinder Morgan a Hold rating

Kinder Morgan Company Profile

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.