Kinder Morgan (NYSE:KMI) Shares Up 0.3% – What’s Next?

Shares of Kinder Morgan, Inc. (NYSE:KMI) rose 0.3% during mid-day trading on Monday . The company traded as high as $27.38 and last traded at $27.28. Approximately 3,376,921 shares were traded during trading, a decline of 79% from the average daily volume of 16,285,724 shares. The stock had previously closed at $27.19.

Analysts Set New Price Targets

Several brokerages recently commented on KMI. Morgan Stanley increased their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. UBS Group increased their price target on Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Bank of America initiated coverage on Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 price objective on the stock. Barclays lifted their price target on Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Finally, Truist Financial upped their price objective on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Nine 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.14.

Kinder Morgan Stock Up 0.5 %

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’s 50-day simple moving average is $27.95 and its 200 day simple moving average is $24.85. The firm has a market cap of $61.41 billion, a P/E ratio of 23.63, a PEG ratio of 3.12 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last announced 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%. As a group, research analysts forecast that Kinder Morgan, Inc. will post 1.28 EPS for the current fiscal year.

Kinder Morgan Announces Dividend

The business also recently announced 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 is Monday, February 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.16%. Kinder Morgan’s payout ratio is presently 98.29%.

Insiders Place Their Bets

In related news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the sale, the president now owns 861,652 shares in the company, valued at $24,048,707.32. This represents a 2.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 12.81% of the company’s stock.

Institutional Trading of Kinder Morgan

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its position in Kinder Morgan by 8.6% during the fourth quarter. Bank of New York Mellon Corp now owns 13,734,753 shares of the pipeline company’s stock valued at $376,332,000 after buying an additional 1,093,242 shares during the period. Kayne Anderson Capital Advisors LP boosted its stake in Kinder Morgan by 0.7% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 10,550,002 shares of the pipeline company’s stock worth $233,050,000 after purchasing an additional 69,307 shares during the period. Barclays PLC grew its stake in Kinder Morgan by 39.9% during the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock valued at $180,833,000 after acquiring an additional 2,334,273 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Kinder Morgan by 2.2% in the third quarter. Bank of Montreal Can now owns 7,485,834 shares of the pipeline company’s stock worth $163,116,000 after purchasing an additional 164,152 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Kinder Morgan by 0.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company’s stock valued at $101,422,000 after acquiring an additional 29,861 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

Kinder Morgan Company Profile

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.