Kinder Morgan (NYSE:KMI) Price Target Raised to $31.00

Kinder Morgan (NYSE:KMI) had its price target raised by Barclays from $27.00 to $31.00 in a report released on Thursday,Benzinga reports. Barclays currently has an equal weight rating on the pipeline company’s stock.

Several other analysts have also weighed in on the company. Scotiabank assumed coverage on Kinder Morgan in a report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price objective on the stock. Bank of America assumed coverage on Kinder Morgan in a research note on Thursday, October 17th. They issued a “buy” rating and a $27.00 price target on the stock. UBS Group boosted their price target on Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Morgan Stanley set a $26.00 price target on Kinder Morgan in a research note on Friday, October 18th. Finally, Royal Bank of Canada boosted their price target on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $27.00.

Kinder Morgan Price Performance

Shares of NYSE:KMI opened at $30.32 on Thursday. Kinder Morgan has a 1-year low of $16.47 and a 1-year high of $30.51. The firm has a market capitalization of $67.36 billion, a PE ratio of 26.59, a PEG ratio of 3.71 and a beta of 0.94. The business’s 50 day moving average is $27.68 and its 200-day moving average is $24.07. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the business posted $0.25 EPS. Kinder Morgan’s revenue for the quarter was down 5.3% compared to the same quarter last year. Sell-side analysts predict that Kinder Morgan will post 1.17 earnings per share for the current year.

Insider Buying and Selling at Kinder Morgan

In other news, Director C Park Shaper sold 690,142 shares of the business’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the completion of the sale, the director now owns 6,809,858 shares in the company, valued at $168,543,985.50. The trade was a 9.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Amy W. Chronis bought 2,241 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were purchased at an average price of $24.89 per share, with a total value of $55,778.49. Following the transaction, the director now owns 23,995 shares of the company’s stock, valued at $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders sold 745,263 shares of company stock worth $18,578,014. 12.81% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kinder Morgan

Institutional investors and hedge funds have recently made changes to their positions in the company. Retirement Wealth Solutions LLC bought a new stake in shares of Kinder Morgan during the fourth quarter worth $25,000. Modus Advisors LLC bought a new stake in Kinder Morgan in the fourth quarter valued at about $27,000. Northwest Investment Counselors LLC bought a new stake in Kinder Morgan in the third quarter valued at about $28,000. Planning Capital Management Corp increased its holdings in Kinder Morgan by 143.6% in the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 797 shares during the last quarter. Finally, HM Payson & Co. increased its holdings in Kinder Morgan by 401.8% in the third quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock valued at $32,000 after purchasing an additional 1,145 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

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.