Kinder Morgan, Inc. (NYSE:KMI) Receives $29.64 Average PT from Brokerages

Kinder Morgan, Inc. (NYSE:KMI) has been given a consensus rating of “Moderate Buy” by the fifteen analysts that are covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $29.64.

A number of equities research analysts recently issued reports on KMI shares. UBS Group increased their price target on Kinder Morgan from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. increased their price target on Kinder Morgan from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 5th. Mizuho increased their price target on Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Barclays raised Kinder Morgan from an “equal weight” rating to an “overweight” rating and set a $31.00 price target on the stock in a research report on Monday, March 3rd. Finally, Royal Bank of Canada increased their price target on Kinder Morgan from $26.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Monday, March 3rd.

Insider Activity

In other Kinder Morgan news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total transaction of $502,380.00. Following the transaction, the president now directly owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. The trade was a 2.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John W. Schlosser sold 75,461 shares of Kinder Morgan stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $26.65, for a total value of $2,011,035.65. Following the transaction, the vice president now directly owns 220,681 shares in the company, valued at $5,881,148.65. The trade was a 25.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 129,461 shares of company stock worth $3,490,996. Insiders own 12.64% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Retirement Wealth Solutions LLC acquired a new position in Kinder Morgan during the 4th quarter worth about $25,000. Centricity Wealth Management LLC bought a new position in shares of Kinder Morgan in the 4th quarter worth about $25,000. Hurley Capital LLC bought a new position in shares of Kinder Morgan in the 4th quarter worth about $25,000. Fourth Dimension Wealth LLC bought a new position in shares of Kinder Morgan in the 4th quarter worth about $26,000. Finally, Modus Advisors LLC bought a new position in shares of Kinder Morgan in the 4th quarter worth about $27,000. 62.52% of the stock is owned by institutional investors and hedge funds.

Kinder Morgan Price Performance

Kinder Morgan stock opened at $28.08 on Friday. Kinder Morgan has a 12 month low of $17.61 and a 12 month high of $31.48. The stock’s 50 day moving average is $27.58 and its 200-day moving average is $26.05. The company has a current ratio of 0.49, a quick ratio of 0.39 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $62.38 billion, a price-to-earnings ratio of 24.00, a PEG ratio of 3.08 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. Equities research analysts expect that Kinder Morgan will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd were paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date was Monday, February 3rd. Kinder Morgan’s payout ratio is 98.29%.

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.