Royal Bank Of Canada Increases Kinder Morgan (NYSE:KMI) Price Target to $30.00

Kinder Morgan (NYSE:KMI) had its price objective upped by analysts at Royal Bank Of Canada from $28.00 to $30.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “sector perform” rating on the pipeline company’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 10.93% from the stock’s previous close.

KMI has been the topic of several other reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a research report on Wednesday, October 8th. Stifel Nicolaus increased their target price on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Tuesday. Wolfe Research upgraded shares of Kinder Morgan from a “peer perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a research note on Friday, July 25th. Wells Fargo & Company upped their price target on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Finally, BMO Capital Markets initiated coverage on shares of Kinder Morgan in a research report on Friday, September 19th. They set an “outperform” rating and a $32.00 price objective on the stock. Ten equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, Kinder Morgan presently has an average rating of “Moderate Buy” and an average target price of $31.31.

Kinder Morgan Stock Performance

Shares of KMI traded up $0.04 on Thursday, reaching $27.05. The company’s stock had a trading volume of 6,268,483 shares, compared to its average volume of 14,275,122. The stock’s 50 day simple moving average is $27.18 and its two-hundred day simple moving average is $27.42. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.63 and a quick ratio of 0.53. The stock has a market capitalization of $60.17 billion, a P/E ratio of 22.18, a PEG ratio of 3.01 and a beta of 0.77. Kinder Morgan has a 12-month low of $23.94 and a 12-month high of $31.48.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, October 22nd. The pipeline company reported $0.29 earnings per share for the quarter, hitting the consensus estimate of $0.29. Kinder Morgan had a net margin of 16.61% and a return on equity of 8.57%. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $3.98 billion. During the same period last year, the firm earned $0.25 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. Kinder Morgan has set its FY 2025 guidance at 1.270-1.270 EPS. Research analysts forecast that Kinder Morgan will post 1.25 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $27.00, for a total transaction of $166,482.00. Following the sale, the vice president owned 213,536 shares of the company’s stock, valued at $5,765,472. This represents a 2.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Amy W. Chronis acquired 3,800 shares of the company’s stock in a transaction on Friday, October 31st. The stock was acquired at an average cost of $26.23 per share, with a total value of $99,674.00. Following the completion of the purchase, the director directly owned 39,051 shares in the company, valued at approximately $1,024,307.73. This represents a 10.78% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have bought 1,004,287 shares of company stock valued at $26,072,463 and have sold 18,498 shares valued at $506,660. Corporate insiders own 12.73% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in KMI. Van ECK Associates Corp increased its stake in Kinder Morgan by 5.1% during the third quarter. Van ECK Associates Corp now owns 838,095 shares of the pipeline company’s stock worth $23,727,000 after acquiring an additional 40,922 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Kinder Morgan by 1.4% in the 3rd quarter. Legal & General Group Plc now owns 15,878,898 shares of the pipeline company’s stock valued at $449,532,000 after purchasing an additional 213,741 shares during the last quarter. Fieldview Capital Management LLC bought a new position in shares of Kinder Morgan during the 3rd quarter valued at approximately $1,551,000. Jefferies Financial Group Inc. purchased a new stake in Kinder Morgan during the 3rd quarter valued at $5,634,000. Finally, Pinnacle Associates Ltd. lifted its position in Kinder Morgan by 9.4% in the third quarter. Pinnacle Associates Ltd. now owns 120,959 shares of the pipeline company’s stock worth $3,424,000 after buying an additional 10,418 shares during the last quarter. Institutional investors 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.