Kinder Morgan (NYSE:KMI) Stock Jumps 1.1% – What’s Next?

Kinder Morgan, Inc. (NYSE:KMI)’s stock price traded up 1.1% during trading on Monday. The company traded as high as $31.69 and last traded at $31.4140. Approximately 9,328,486 shares traded hands during trading, a decline of 23% from the average session volume of 12,160,411 shares. The stock had previously closed at $31.07.

Analyst Ratings Changes

A number of research firms have issued reports on KMI. UBS Group reiterated a “buy” rating and set a $43.00 target price on shares of Kinder Morgan in a report on Monday, June 15th. Zacks Research downgraded Kinder Morgan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Citigroup reiterated a “neutral” rating on shares of Kinder Morgan in a report on Wednesday, July 29th. Royal Bank Of Canada lifted their price target on shares of Kinder Morgan from $35.00 to $36.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 22nd. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of Kinder Morgan in a research report on Friday, September 18th. Eight research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Kinder Morgan has a consensus rating of “Hold” and a consensus target price of $35.77.

Kinder Morgan Trading Up 1.1%

The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.36 and a current ratio of 0.46. The firm has a fifty day moving average price of $31.45 and a 200 day moving average price of $32.08. The company has a market cap of $69.95 billion, a price-to-earnings ratio of 20.14, a P/E/G ratio of 2.19 and a beta of 0.59.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, July 22nd. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.06. Kinder Morgan had a net margin of 19.31% and a return on equity of 10.46%. The firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same period in the prior year, the firm posted $0.28 earnings per share. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. Kinder Morgan has set its FY 2026 guidance at 1.360-1.360 EPS. As a group, equities analysts predict that Kinder Morgan, Inc. will post 1.55 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 3rd were given a dividend of $0.2975 per share. This represents a $1.19 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Monday, August 3rd. Kinder Morgan’s payout ratio is 76.28%.

Insider Transactions at Kinder Morgan

In other news, VP Michael Garthwaite sold 1,550 shares of the firm’s stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $30.80, for a total value of $47,740.00. Following the completion of the sale, the vice president directly owned 48,863 shares of the company’s stock, valued at $1,504,980.40. This trade represents a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 12.72% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kinder Morgan

Several hedge funds have recently added to or reduced their stakes in the business. Ontario Teachers Pension Plan Board bought a new position in Kinder Morgan in the 2nd quarter valued at about $239,397,000. State Street Corp grew its position in shares of Kinder Morgan by 4.3% in the second quarter. State Street Corp now owns 130,863,419 shares of the pipeline company’s stock valued at $4,183,704,000 after purchasing an additional 5,361,578 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Kinder Morgan by 220.9% during the second quarter. Assenagon Asset Management S.A. now owns 3,915,696 shares of the pipeline company’s stock worth $125,185,000 after purchasing an additional 2,695,654 shares during the period. Royal London Asset Management Ltd. lifted its holdings in Kinder Morgan by 94.1% during the 4th quarter. Royal London Asset Management Ltd. now owns 5,415,176 shares of the pipeline company’s stock worth $148,863,000 after purchasing an additional 2,625,119 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Kinder Morgan by 253.0% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,994,968 shares of the pipeline company’s stock valued at $100,421,000 after purchasing an additional 2,146,573 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

About Kinder Morgan

Kinder Morgan, Inc (NYSE: KMI) is an energy infrastructure company that owns and operates pipelines, terminals, and storage facilities. Its assets primarily transport and store natural gas, crude oil, refined petroleum products, and carbon dioxide, supporting energy producers, utilities, refiners, industrial companies, and other customers.

The company’s natural gas business includes interstate and intrastate pipelines, gathering and processing systems, and underground storage facilities.