Kinder Morgan (NYSE:KMI) Stock Price Up 0% – Should You Buy?

Kinder Morgan, Inc. (NYSE:KMI)’s stock price rose 0% during mid-day trading on Thursday . The stock traded as high as $26.48 and last traded at $26.29. Approximately 2,970,203 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 15,733,285 shares. The stock had previously closed at $26.28.

Analysts Set New Price Targets

KMI has been the subject of several research analyst reports. Scotiabank initiated coverage on Kinder Morgan in a research note on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price objective for the company. Truist Financial raised their target price on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Mizuho raised their target price on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. UBS Group raised their target price on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Citigroup raised their price objective on Kinder Morgan from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $29.14.

Kinder Morgan Stock Performance

The stock has a market cap of $59.03 billion, a PE ratio of 22.70, a P/E/G ratio of 3.16 and a beta of 0.94. The company has a quick ratio of 0.35, a current ratio of 0.49 and a debt-to-equity ratio of 0.94. The stock has a 50-day moving average of $27.85 and a 200 day moving average of $25.05.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.09% and a net margin of 17.31%. Equities analysts predict that Kinder Morgan, Inc. will post 1.23 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.33%. Kinder Morgan’s payout ratio is 98.29%.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $27.70, for a total value of $498,600.00. Following the sale, the president now owns 843,652 shares in the company, valued at $23,369,160.40. The trade was a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 54,000 shares of company stock worth $1,493,100 over the last quarter. 12.64% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kinder Morgan

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KMI. Retirement Wealth Solutions LLC purchased a new stake in Kinder Morgan in the fourth quarter valued at $25,000. Centricity Wealth Management LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at $25,000. Hurley Capital LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at $25,000. Modus Advisors LLC acquired a new stake in shares of Kinder Morgan in the fourth quarter valued at $27,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Kinder Morgan in the third quarter valued at $28,000. Hedge funds and other institutional investors own 62.52% of the company’s stock.

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.