Kinder Morgan (NYSE:KMI) Price Target Raised to $33.00

Kinder Morgan (NYSE:KMI) had its price target raised by Mizuho from $31.00 to $33.00 in a research report issued to clients and investors on Thursday. The firm presently has an “overweight” rating on the pipeline company’s stock. Mizuho’s price target would suggest a potential upside of 8.71% from the company’s previous close.

Several other analysts have also commented on KMI. Bank of America began coverage on Kinder Morgan in a report on Thursday, October 17th. They set a “buy” rating and a $27.00 price objective for the company. 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 initiated coverage on Kinder Morgan in a report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price objective on the stock. Royal Bank of Canada raised their target price on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 22nd. Finally, Truist Financial lifted their target price on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday. Eight research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.92.

Kinder Morgan Price Performance

Shares of NYSE:KMI traded down $0.43 on Thursday, reaching $30.36. The company’s stock had a trading volume of 13,191,300 shares, compared to its average volume of 14,481,699. The company has a 50-day simple moving average of $27.90 and a 200 day simple moving average of $24.32. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. Kinder Morgan has a 52-week low of $16.47 and a 52-week high of $31.48. The company has a market cap of $67.44 billion, a P/E ratio of 26.60, a PEG ratio of 4.18 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last announced its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. As a group, equities research analysts anticipate that Kinder Morgan will post 1.18 EPS for the current fiscal year.

Insiders Place Their Bets

In other Kinder Morgan news, Director Amy W. Chronis acquired 2,241 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were acquired at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the acquisition, the director now directly owns 23,995 shares of the company’s stock, valued at $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 SEC, which is available at the SEC website. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total transaction of $502,380.00. Following the transaction, the president now directly owns 861,652 shares in the company, valued at approximately $24,048,707.32. This trade represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,121 shares of company stock worth $1,497,000. 12.64% of the stock is owned by insiders.

Institutional Trading of Kinder Morgan

Hedge funds have recently added to or reduced their stakes in the business. Retirement Wealth Solutions LLC purchased a new position in Kinder Morgan in the 4th quarter worth about $25,000. Modus Advisors LLC acquired a new stake in Kinder Morgan in the 4th quarter valued at $27,000. Northwest Investment Counselors LLC bought a new stake in Kinder Morgan during the 3rd quarter worth approximately $28,000. HWG Holdings LP acquired a new position in shares of Kinder Morgan during the second quarter worth approximately $30,000. Finally, Planning Capital Management Corp raised its stake in shares of Kinder Morgan by 143.6% during the third 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. Institutional investors own 62.52% of the company’s stock.

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.