Kinder Morgan (NYSE:KMI) PT Raised to $22.00 at Truist Financial

Kinder Morgan (NYSE:KMI) had its price objective upped by stock analysts at Truist Financial from $20.00 to $22.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “hold” rating on the pipeline company’s stock. Truist Financial’s target price indicates a potential upside of 4.36% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the company. UBS Group boosted their price objective on Kinder Morgan from $22.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Wells Fargo & Company raised shares of Kinder Morgan from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $18.00 to $22.00 in a research note on Tuesday, June 4th. Argus raised shares of Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Friday, July 19th. Tudor Pickering raised shares of Kinder Morgan to a “strong-buy” rating in a research report on Thursday, May 30th. Finally, Scotiabank raised their target price on shares of Kinder Morgan from $19.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 17th. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.25.

Kinder Morgan Trading Up 0.1 %

KMI stock opened at $21.08 on Friday. Kinder Morgan has a twelve month low of $15.89 and a twelve month high of $21.86. The stock has a market capitalization of $46.79 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 3.19 and a beta of 0.93. The company has a quick ratio of 0.38, a current ratio of 0.37 and a debt-to-equity ratio of 0.90. The firm’s fifty day simple moving average is $19.93 and its two-hundred day simple moving average is $18.58.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The firm had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $4.13 billion. During the same period last year, the company earned $0.24 earnings per share. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, analysts anticipate that Kinder Morgan will post 1.23 earnings per share for the current year.

Insider Activity

In other Kinder Morgan news, VP Sital K. Mody sold 21,413 shares of the company’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total transaction of $455,026.25. Following the completion of the sale, the vice president now owns 25,169 shares in the company, valued at $534,841.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, VP Dax Sanders sold 50,000 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $19.75, for a total value of $987,500.00. Following the transaction, the vice president now owns 259,069 shares of the company’s stock, valued at approximately $5,116,612.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Sital K. Mody sold 21,413 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $21.25, for a total transaction of $455,026.25. Following the transaction, the vice president now owns 25,169 shares of the company’s stock, valued at approximately $534,841.25. The disclosure for this sale can be found here. Insiders own 12.64% of the company’s stock.

Hedge Funds Weigh In On Kinder Morgan

Institutional investors and hedge funds have recently bought and sold shares of the company. Premier Path Wealth Partners LLC boosted its position in shares of Kinder Morgan by 1.4% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 39,525 shares of the pipeline company’s stock worth $785,000 after purchasing an additional 545 shares in the last quarter. Newman Dignan & Sheerar Inc. boosted its holdings in Kinder Morgan by 4.3% in the first quarter. Newman Dignan & Sheerar Inc. now owns 13,173 shares of the pipeline company’s stock worth $242,000 after acquiring an additional 547 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of Kinder Morgan by 4.4% during the second quarter. First Horizon Advisors Inc. now owns 13,415 shares of the pipeline company’s stock worth $267,000 after acquiring an additional 566 shares during the last quarter. Accurate Wealth Management LLC increased its holdings in shares of Kinder Morgan by 2.6% during the first quarter. Accurate Wealth Management LLC now owns 22,598 shares of the pipeline company’s stock valued at $426,000 after acquiring an additional 568 shares in the last quarter. Finally, Simplicity Wealth LLC raised its position in shares of Kinder Morgan by 2.2% in the 2nd quarter. Simplicity Wealth LLC now owns 27,478 shares of the pipeline company’s stock valued at $546,000 after purchasing an additional 586 shares during the last quarter. 62.52% of the stock is owned by hedge funds and other institutional investors.

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.