Kinder Morgan (NYSE:KMI) Price Target Cut to $31.00 by Analysts at Mizuho

Kinder Morgan (NYSE:KMI) had its price objective lowered by Mizuho from $32.00 to $31.00 in a report published on Friday morning,Benzinga reports. The brokerage currently has an outperform rating on the pipeline company’s stock.

KMI has been the topic of a number of other research reports. Jefferies Financial Group began coverage on Kinder Morgan in a research report on Thursday, October 9th. They set a “hold” rating and a $30.00 target price on the stock. Scotiabank reduced their price target on shares of Kinder Morgan from $28.00 to $27.00 and set a “sector perform” rating for the company in a research report on Friday, September 19th. Royal Bank Of Canada lifted their price objective on shares of Kinder Morgan from $28.00 to $30.00 and gave the company a “sector perform” rating in a research note on Thursday. Morgan Stanley set a $30.00 price target on Kinder Morgan in a research report on Thursday, October 9th. Finally, Wells Fargo & Company increased their price objective on Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Ten equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $31.19.

Kinder Morgan Stock Up 1.9%

Kinder Morgan stock traded up $0.51 during mid-day trading on Friday, reaching $27.40. 17,509,106 shares of the company’s stock were exchanged, compared to its average volume of 14,334,616. The company has a market cap of $60.97 billion, a P/E ratio of 22.46, a P/E/G ratio of 3.01 and a beta of 0.77. The company has a quick ratio of 0.53, a current ratio of 0.63 and a debt-to-equity ratio of 0.98. Kinder Morgan has a twelve month low of $23.94 and a twelve month high of $31.48. The company has a fifty day moving average of $27.20 and a 200-day moving average of $27.42.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.29. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $3.98 billion. During the same quarter in the previous year, the firm earned $0.25 earnings per share. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Sell-side analysts expect that Kinder Morgan will post 1.25 EPS for the current year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be paid a $0.2925 dividend. The ex-dividend date is Monday, November 3rd. This represents a $1.17 annualized dividend and a dividend yield of 4.3%. Kinder Morgan’s dividend payout ratio (DPR) is 95.90%.

Insider Buying and Selling

In other Kinder Morgan news, Chairman Richard D. Kinder bought 1,000,000 shares of the company’s stock in a transaction on Monday, October 27th. The stock was purchased at an average cost of $25.96 per share, for a total transaction of $25,960,000.00. Following the acquisition, the chairman owned 246,212,353 shares of the company’s stock, valued at $6,391,672,683.88. The trade was a 0.41% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Amy W. Chronis purchased 3,800 shares of the stock in a transaction dated Friday, October 31st. The stock was acquired at an average price of $26.23 per share, for a total transaction of $99,674.00. Following the completion of the transaction, the director directly owned 39,051 shares of the company’s stock, valued at approximately $1,024,307.73. The trade was a 10.78% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders bought 1,004,287 shares of company stock valued at $26,072,463 and sold 18,498 shares valued at $506,660. 12.73% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kinder Morgan

Several hedge funds have recently bought and sold shares of the stock. Westwood Holdings Group Inc. lifted its holdings in shares of Kinder Morgan by 14.1% in the first quarter. Westwood Holdings Group Inc. now owns 6,442,093 shares of the pipeline company’s stock valued at $183,793,000 after purchasing an additional 794,388 shares in the last quarter. Burney Co. increased its holdings in shares of Kinder Morgan by 133.5% in the 1st quarter. Burney Co. now owns 442,044 shares of the pipeline company’s stock valued at $12,612,000 after purchasing an additional 252,736 shares during the period. Aberdeen Group plc lifted its position in shares of Kinder Morgan by 35.2% in the first quarter. Aberdeen Group plc now owns 2,343,165 shares of the pipeline company’s stock worth $66,581,000 after purchasing an additional 609,748 shares in the last quarter. Nordea Investment Management AB grew its position in Kinder Morgan by 9.9% during the second quarter. Nordea Investment Management AB now owns 145,988 shares of the pipeline company’s stock valued at $4,270,000 after purchasing an additional 13,150 shares in the last quarter. Finally, Eagle Global Advisors LLC increased its stake in Kinder Morgan by 15.6% in the 1st quarter. Eagle Global Advisors LLC now owns 1,016,490 shares of the pipeline company’s stock valued at $29,000,000 after buying an additional 137,030 shares during the period. 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.