Kinder Morgan (NYSE:KMI) Trading Up 0.3% – Still a Buy?

Kinder Morgan, Inc. (NYSE:KMI) traded up 0.3% during trading on Monday . The company traded as high as $27.38 and last traded at $27.28. 3,376,921 shares changed hands during trading, a decline of 79% from the average session volume of 16,285,724 shares. The stock had previously closed at $27.19.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on KMI. Bank of America started coverage on Kinder Morgan in a research report on Thursday, October 17th. They issued a “buy” rating and a $27.00 price objective for the company. Royal Bank of Canada upped their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 22nd. Truist Financial increased their price objective on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Barclays upped their target price on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Finally, UBS Group raised their price target on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a report on Monday, January 27th. Nine 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 company. According to data from MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus price target of $29.14.

Kinder Morgan Stock Up 1.5 %

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 firm has a market cap of $61.29 billion, a P/E ratio of 23.58, a P/E/G ratio of 3.12 and a beta of 0.94. The business has a fifty day moving average of $27.97 and a 200 day moving average of $24.76.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share 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, equities research analysts predict that Kinder Morgan, Inc. will post 1.28 EPS for the current year.

Kinder Morgan Dividend Announcement

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 issued 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 4.17%. Kinder Morgan’s dividend payout ratio is presently 98.29%.

Insiders Place Their Bets

In other news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total value of $492,120.00. Following the sale, the president now directly owns 879,652 shares in the company, valued at $24,049,685.68. This trade represents a 2.01 % 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. Also, Director Amy W. Chronis bought 2,241 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, November 5th. The shares were acquired at an average price of $24.89 per share, with a total value of $55,778.49. Following the acquisition, the director now directly owns 23,995 shares of the company’s stock, valued at $597,235.55. The trade was a 10.30 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 55,121 shares of company stock worth $1,497,000 over the last ninety days. 12.81% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kinder Morgan

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Centaurus Financial Inc. increased its holdings in Kinder Morgan by 67.7% during the second quarter. Centaurus Financial Inc. now owns 9,151 shares of the pipeline company’s stock worth $182,000 after buying an additional 3,694 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in Kinder Morgan by 111.4% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 10,450 shares of the pipeline company’s stock valued at $231,000 after purchasing an additional 5,507 shares during the last quarter. Czech National Bank grew its holdings in Kinder Morgan by 6.9% during the third 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. GAMMA Investing LLC increased its position in Kinder Morgan by 34.1% during the third quarter. GAMMA Investing LLC now owns 27,260 shares of the pipeline company’s stock worth $602,000 after buying an additional 6,932 shares during the last quarter. Finally, Diversified Trust Co bought a new stake in Kinder Morgan in the third quarter valued at approximately $467,000. 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.