Brokerages Set Kinder Morgan Inc (KMI) Price Target at $20.73

Kinder Morgan Inc (NYSE:KMI) has been given a consensus recommendation of “Buy” by the twenty brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $20.73.

A number of research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Wednesday, October 24th. Barclays set a $21.00 price objective on shares of Kinder Morgan and gave the company a “buy” rating in a research report on Friday, October 12th. Credit Suisse Group assumed coverage on shares of Kinder Morgan in a research report on Thursday, October 11th. They set an “outperform” rating and a $23.00 price objective on the stock. Goldman Sachs Group assumed coverage on shares of Kinder Morgan in a research report on Monday, October 8th. They set a “conviction-buy” rating and a $24.00 price objective on the stock. Finally, ValuEngine upgraded shares of Kinder Morgan from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 15th.

Shares of Kinder Morgan stock opened at $16.46 on Thursday. The company has a market cap of $36.60 billion, a P/E ratio of 24.94, a P/E/G ratio of 2.25 and a beta of 0.73. Kinder Morgan has a twelve month low of $14.69 and a twelve month high of $19.83. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.98 and a current ratio of 1.05.



Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, October 17th. The pipeline company reported $0.21 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.21. The company had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.57 billion. Kinder Morgan had a net margin of 0.78% and a return on equity of 5.51%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.15 earnings per share. On average, research analysts anticipate that Kinder Morgan will post 0.87 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Wednesday, October 31st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.86%. Kinder Morgan’s dividend payout ratio is currently 121.21%.

In other Kinder Morgan news, insider Richard D. Kinder bought 500,000 shares of Kinder Morgan stock in a transaction on Thursday, September 27th. The stock was acquired at an average cost of $17.55 per share, with a total value of $8,775,000.00. Following the completion of the acquisition, the insider now owns 235,212,353 shares in the company, valued at $4,127,976,795.15. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 14.16% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. Flagship Harbor Advisors LLC purchased a new stake in shares of Kinder Morgan in the second quarter worth $110,000. Westbourne Investment Advisors Inc. purchased a new stake in shares of Kinder Morgan in the third quarter worth $117,000. Blue Chip Partners Inc. purchased a new stake in shares of Kinder Morgan in the third quarter worth $128,000. Landaas & Co. WI ADV purchased a new stake in shares of Kinder Morgan in the second quarter worth $133,000. Finally, Mount Yale Investment Advisors LLC purchased a new stake in shares of Kinder Morgan in the first quarter worth $144,000. 60.43% of the stock is owned by institutional investors and hedge funds.

About Kinder Morgan

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

Further Reading: Market Capitalization in the Stock Market

Analyst Recommendations for Kinder Morgan (NYSE:KMI)

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