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

Kinder Morgan (NYSE:KMI) had its price target lifted by research analysts at Truist Financial from $25.00 to $31.00 in a report released on Thursday,Benzinga reports. The firm presently has a “hold” rating on the pipeline company’s stock. Truist Financial’s price target points to a potential upside of 2.73% from the stock’s current price.

A number of other equities research analysts also recently weighed in on KMI. UBS Group boosted their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Wells Fargo & Company boosted their price objective on Kinder Morgan from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday. Scotiabank began coverage on Kinder Morgan in a research note on Friday, January 10th. They issued a “sector perform” rating and a $26.00 target price on the stock. Morgan Stanley set a $26.00 price target on shares of Kinder Morgan in a report on Friday, October 18th. Finally, The Goldman Sachs Group lifted their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $27.75.

Kinder Morgan Stock Down 2.0 %

Shares of KMI traded down $0.60 during mid-day trading on Thursday, reaching $30.18. 11,002,037 shares of the stock traded hands, compared to its average volume of 14,333,160. The firm has a market cap of $67.04 billion, a price-to-earnings ratio of 26.43, a P/E/G ratio of 4.18 and a beta of 0.94. The stock has a fifty day simple moving average of $27.90 and a 200 day simple moving average of $24.32. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. Kinder Morgan has a 12-month low of $16.47 and a 12-month high of $31.48.

Kinder Morgan (NYSE:KMI) last announced its earnings results 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 net margin of 16.76% and a return on equity of 7.87%. Sell-side analysts expect that Kinder Morgan will post 1.18 EPS for the current fiscal year.

Insider Buying and Selling

In other news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $27.34, for a total transaction of $492,120.00. Following the transaction, the president now owns 879,652 shares in the company, valued at approximately $24,049,685.68. This trade represents a 2.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Amy W. Chronis purchased 2,241 shares of Kinder Morgan stock in a transaction on Tuesday, November 5th. The stock was bought at an average cost of $24.89 per share, with a total value of $55,778.49. Following the transaction, the director now directly owns 23,995 shares of the company’s stock, valued at approximately $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. Over the last ninety days, insiders sold 55,121 shares of company stock worth $1,497,000. Corporate insiders own 12.64% of the company’s stock.

Institutional Investors Weigh In On Kinder Morgan

Several institutional investors and hedge funds have recently added to or reduced their stakes in KMI. CX Institutional lifted its holdings in shares of Kinder Morgan by 2.3% during the 4th quarter. CX Institutional now owns 15,661 shares of the pipeline company’s stock valued at $429,000 after purchasing an additional 354 shares in the last quarter. Sunflower Bank N.A. lifted its stake in Kinder Morgan by 3.6% in the fourth quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company’s stock valued at $288,000 after buying an additional 367 shares in the last quarter. Ignite Planners LLC boosted its holdings in shares of Kinder Morgan by 3.9% in the fourth quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company’s stock valued at $282,000 after buying an additional 372 shares during the period. Eagle Bay Advisors LLC lifted its position in Kinder Morgan by 8.0% in the 4th quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company’s stock valued at $142,000 after acquiring an additional 385 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its position in Kinder Morgan by 0.5% in the 3rd quarter. Sunbelt Securities Inc. now owns 90,560 shares of the pipeline company’s stock valued at $2,000,000 after buying an additional 414 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

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.