Kinder Morgan (NYSE:KMI) Trading Up 1.1% – Should You Buy?

Kinder Morgan, Inc. (NYSE:KMI) shares were up 1.1% on Wednesday . The company traded as high as $27.76 and last traded at $27.80. Approximately 2,784,848 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 15,932,045 shares. The stock had previously closed at $27.50.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on KMI shares. Barclays boosted their price objective on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Morgan Stanley increased their target price on shares of Kinder Morgan from $24.00 to $36.00 in a report on Thursday, January 23rd. UBS Group upped their price target on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Wells Fargo & Company upped their target price on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, Truist Financial raised their target price on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Nine investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Kinder Morgan currently has a consensus rating of “Moderate Buy” and an average target price of $29.14.

Kinder Morgan Price Performance

The stock has a market capitalization of $60.13 billion, a P/E ratio of 23.13, a P/E/G ratio of 3.12 and a beta of 0.94. The firm has a fifty day moving average price of $27.92 and a two-hundred day moving average price of $24.88. The company has a quick ratio of 0.35, a current ratio of 0.49 and a debt-to-equity ratio of 0.94.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. On average, analysts expect that Kinder Morgan, Inc. will post 1.28 EPS for the current year.

Kinder Morgan Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.2875 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.25%. Kinder Morgan’s dividend payout ratio is 98.29%.

Insider Buying and Selling at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total transaction of $492,120.00. Following the transaction, the president now directly owns 879,652 shares of the company’s stock, valued at $24,049,685.68. This represents a 2.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders have sold 54,000 shares of company stock worth $1,493,100. Insiders own 12.81% of the company’s stock.

Hedge Funds Weigh In On Kinder Morgan

Several hedge funds and other institutional investors have recently modified their holdings of the company. Czech National Bank raised its holdings in Kinder Morgan by 6.9% in the 3rd quarter. Czech National Bank now owns 393,351 shares of the pipeline company’s stock worth $8,689,000 after purchasing an additional 25,406 shares during the period. Diversified Trust Co bought a new stake in Kinder Morgan during the third quarter valued at about $467,000. Brookstone Capital Management raised its holdings in Kinder Morgan by 0.5% during the third quarter. Brookstone Capital Management now owns 537,378 shares of the pipeline company’s stock valued at $11,871,000 after acquiring an additional 2,811 shares during the period. Daymark Wealth Partners LLC raised its holdings in Kinder Morgan by 19.9% during the third quarter. Daymark Wealth Partners LLC now owns 12,213 shares of the pipeline company’s stock valued at $270,000 after acquiring an additional 2,029 shares during the period. Finally, CWM LLC raised its holdings in Kinder Morgan by 1.2% during the third quarter. CWM LLC now owns 403,995 shares of the pipeline company’s stock valued at $8,924,000 after acquiring an additional 4,857 shares during the period. 62.52% of the stock is owned by institutional investors.

About Kinder Morgan

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.