Kinder Morgan (NYSE:KMI) Given New $33.00 Price Target at UBS Group

Kinder Morgan (NYSE:KMI) had its price target increased by UBS Group from $30.00 to $33.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a buy rating on the pipeline company’s stock.

Other analysts have also recently issued research reports about the stock. Barclays upped their price target on shares of Kinder Morgan from $22.00 to $24.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. The Goldman Sachs Group reissued a “conviction-buy” rating on shares of Kinder Morgan in a research note on Friday, October 18th. Royal Bank of Canada increased their target price 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. Stifel Nicolaus lifted their target price on Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a research note on Tuesday, August 27th. Finally, Bank of America started coverage on Kinder Morgan in a research report on Thursday, October 17th. They issued a “buy” rating and a $27.00 target price for the company. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.36.

Kinder Morgan Stock Performance

Shares of NYSE KMI traded up $0.51 during trading hours on Friday, reaching $27.27. 12,426,307 shares of the stock were exchanged, compared to its average volume of 13,872,368. The stock’s fifty day simple moving average is $23.84 and its 200 day simple moving average is $21.46. The firm has a market capitalization of $60.58 billion, a price-to-earnings ratio of 23.92, a P/E/G ratio of 3.69 and a beta of 0.91. Kinder Morgan has a 52 week low of $16.47 and a 52 week high of $27.58. 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 (NYSE:KMI) last announced its quarterly earnings data on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.02). The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.25 earnings per share. Sell-side analysts predict that Kinder Morgan will post 1.18 EPS for the current year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.22%. The ex-dividend date was Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is 100.88%.

Insider Activity

In related news, Director C Park Shaper sold 690,142 shares of the firm’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the completion of the transaction, the director now directly 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 through this link. Also, President Thomas A. Martin sold 19,121 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was 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 of the company’s stock, valued at approximately $23,590,294.56. This trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.64% of the company’s stock.

Hedge Funds Weigh In On Kinder Morgan

A number of hedge funds have recently modified their holdings of the business. Bleakley Financial Group LLC grew its stake in Kinder Morgan by 5.3% during the first quarter. Bleakley Financial Group LLC now owns 27,027 shares of the pipeline company’s stock worth $496,000 after buying an additional 1,360 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Kinder Morgan by 14.5% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 192,079 shares of the pipeline company’s stock valued at $3,523,000 after buying an additional 24,396 shares during the period. Kingsview Wealth Management LLC raised its holdings in shares of Kinder Morgan by 7.2% during the first quarter. Kingsview Wealth Management LLC now owns 86,140 shares of the pipeline company’s stock worth $1,580,000 after acquiring an additional 5,774 shares in the last quarter. Orion Portfolio Solutions LLC grew its stake in shares of Kinder Morgan by 5.1% in the 1st quarter. Orion Portfolio Solutions LLC now owns 141,054 shares of the pipeline company’s stock valued at $2,587,000 after buying an additional 6,883 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. increased its position in Kinder Morgan by 3.2% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 24,206 shares of the pipeline company’s stock worth $444,000 after buying an additional 751 shares during the last quarter. 62.52% of the stock is currently 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.