Kinder Morgan (NYSE:KMI) Stock Price Expected to Rise, Barclays Analyst Says

Kinder Morgan (NYSE:KMI) had its target price hoisted by research analysts at Barclays from $27.00 to $31.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the pipeline company’s stock. Barclays‘s price objective would indicate a potential upside of 2.25% from the stock’s current price.

Several other equities analysts have also commented on the company. Truist Financial raised their price target on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Royal Bank of Canada boosted their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a report on Tuesday, October 22nd. Morgan Stanley set a $26.00 price objective on shares of Kinder Morgan in a research note on Friday, October 18th. Scotiabank began coverage on shares of Kinder Morgan in a research note on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price objective for the company. Finally, Bank of America assumed coverage on Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 target price on the stock. Eight equities research 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. Based on data from MarketBeat, Kinder Morgan has an average rating of “Moderate Buy” and a consensus target price of $27.00.

Kinder Morgan Price Performance

Shares of KMI stock opened at $30.32 on Thursday. The company has a market capitalization of $67.36 billion, a P/E ratio of 26.59, a P/E/G ratio of 3.71 and a beta of 0.94. The company’s 50-day simple moving average is $27.61 and its two-hundred day simple moving average is $23.99. Kinder Morgan has a one year low of $16.47 and a one year high of $30.51. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data 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). The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period last year, the company earned $0.25 EPS. As a group, equities analysts anticipate that Kinder Morgan will post 1.17 EPS for the current year.

Insiders Place Their Bets

In related news, Director C Park Shaper sold 690,142 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $24.75, for a total value of $17,081,014.50. Following the completion of the transaction, the director now owns 6,809,858 shares in the company, valued at $168,543,985.50. This trade represents a 9.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Amy W. Chronis purchased 2,241 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were purchased at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the purchase, the director now owns 23,995 shares in the company, valued at approximately $597,235.55. The trade was a 10.30 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 745,263 shares of company stock valued at $18,578,014. 12.81% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kinder Morgan

A number of institutional investors and hedge funds have recently modified their holdings of the company. Retirement Wealth Solutions LLC acquired a new stake in Kinder Morgan during the 4th quarter valued at approximately $25,000. Modus Advisors LLC purchased a new position in shares of Kinder Morgan during the fourth quarter worth $27,000. Northwest Investment Counselors LLC acquired a new position in Kinder Morgan during the third quarter valued at $28,000. Planning Capital Management Corp boosted 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. grew its position in Kinder Morgan by 401.8% during the 3rd quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock worth $32,000 after purchasing an additional 1,145 shares during the period. Institutional investors and hedge funds own 62.52% of the company’s stock.

About Kinder Morgan

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.