Kinder Morgan (NYSE:KMI) Trading Down 1.4% – What’s Next?

Kinder Morgan, Inc. (NYSE:KMI)’s share price was down 1.4% during mid-day trading on Wednesday . The stock traded as low as $30.66 and last traded at $30.79. Approximately 5,245,225 shares were traded during trading, a decline of 61% from the average daily volume of 13,431,764 shares. The stock had previously closed at $31.22.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on KMI shares. Wells Fargo & Company lifted their price objective on shares of Kinder Morgan from $27.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Bank of America started coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 price objective for the company. Barclays lifted their price objective on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. UBS Group lifted their price target on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Finally, The Goldman Sachs Group lifted their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Kinder Morgan has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.

Kinder Morgan Trading Down 0.8 %

The company has a market cap of $68.82 billion, a price-to-earnings ratio of 27.17, a PEG ratio of 3.97 and a beta of 0.94. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. The business’s 50-day simple moving average is $27.82 and its 200-day simple moving average is $24.28.

Insider Transactions at Kinder Morgan

In related news, Director Amy W. Chronis acquired 2,241 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the transaction, the director now owns 23,995 shares in the company, valued at $597,235.55. This trade represents a 10.30 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Thomas A. Martin sold 19,121 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total transaction of $502,499.88. Following the completion of the transaction, the president now owns 897,652 shares in the company, valued at approximately $23,590,294.56. This trade represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,121 shares of company stock valued at $1,497,000 in the last ninety days. Corporate insiders own 12.81% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Retirement Wealth Solutions LLC acquired a new position in Kinder Morgan in the fourth quarter valued at $25,000. Modus Advisors LLC purchased a new stake in Kinder Morgan in the fourth quarter valued at approximately $27,000. Northwest Investment Counselors LLC acquired a new position in shares of Kinder Morgan in the 3rd quarter valued at $28,000. HWG Holdings LP purchased a new stake in shares of Kinder Morgan during the 2nd quarter valued at $30,000. Finally, Planning Capital Management Corp increased its holdings in shares of 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 last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

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.