Kinder Morgan (NYSE:KMI) Reaches New 52-Week High After Analyst Upgrade

Kinder Morgan, Inc. (NYSE:KMI) shares reached a new 52-week high on Thursday after Barclays raised their price target on the stock from $27.00 to $31.00. Barclays currently has an equal weight rating on the stock. Kinder Morgan traded as high as $29.58 and last traded at $29.43, with a volume of 12100402 shares traded. The stock had previously closed at $29.12.

A number of other analysts also recently issued reports on the stock. Scotiabank assumed coverage on shares of Kinder Morgan in a report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price objective for the company. 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. The Goldman Sachs Group raised their price objective on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Truist Financial upped their target price on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. Finally, Morgan Stanley set a $26.00 price target on Kinder Morgan in a research report on Friday, October 18th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $27.00.

Insider Buying and Selling

In other news, Director Amy W. Chronis bought 2,241 shares of the stock in a transaction on Tuesday, November 5th. The stock was acquired at an average price of $24.89 per share, with a total value of $55,778.49. Following the acquisition, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Thomas A. Martin sold 19,121 shares of Kinder Morgan stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total value of $502,499.88. Following the sale, the president now directly owns 897,652 shares in the company, valued at $23,590,294.56. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 745,263 shares of company stock worth $18,578,014 in the last three months. 12.81% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in KMI. Retirement Wealth Solutions LLC acquired a new position in Kinder Morgan in the 4th quarter valued at approximately $25,000. Modus Advisors LLC acquired a new stake in Kinder Morgan in the fourth quarter valued at $27,000. Northwest Investment Counselors LLC bought a new position in Kinder Morgan during the 3rd quarter worth $28,000. Planning Capital Management Corp lifted its holdings in Kinder Morgan by 143.6% during the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after buying an additional 797 shares during the period. Finally, HM Payson & Co. grew its position in shares of Kinder Morgan by 401.8% in the 3rd quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock valued at $32,000 after buying an additional 1,145 shares during the last quarter. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Trading Up 0.9 %

The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The company has a market cap of $67.36 billion, a price-to-earnings ratio of 26.59, a PEG ratio of 3.71 and a beta of 0.94. The firm has a 50 day moving average price of $27.61 and a two-hundred day moving average price of $23.99.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share (EPS) 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 the consensus estimate of $4.05 billion. During the same quarter in the previous year, the business posted $0.25 EPS. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. As a group, equities analysts forecast that Kinder Morgan, Inc. will post 1.17 earnings per share for the current year.

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.