Kinder Morgan (NYSE:KMI) Price Target Raised to $32.00

Kinder Morgan (NYSE:KMI) had its price objective upped by equities researchers at Royal Bank Of Canada from $30.00 to $32.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “sector perform” rating on the pipeline company’s stock. Royal Bank Of Canada’s price target would indicate a potential downside of 3.98% from the stock’s current price.

A number of other brokerages also recently weighed in on KMI. Weiss Ratings reiterated a “buy (b)” rating on shares of Kinder Morgan in a report on Thursday, January 22nd. Mizuho lowered their price objective on shares of Kinder Morgan from $32.00 to $31.00 and set an “outperform” rating for the company in a research note on Friday, November 14th. Jefferies Financial Group increased their target price on shares of Kinder Morgan from $29.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 22nd. Freedom Capital raised shares of Kinder Morgan from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 28th. Finally, Stifel Nicolaus increased their price objective on shares of Kinder Morgan from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Tuesday, November 11th. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kinder Morgan presently has a consensus rating of “Moderate Buy” and an average price target of $32.54.

Kinder Morgan Trading Up 0.8%

Shares of Kinder Morgan stock traded up $0.27 during midday trading on Friday, reaching $33.33. The company had a trading volume of 3,338,945 shares, compared to its average volume of 14,366,474. The stock has a fifty day moving average price of $29.36 and a 200 day moving average price of $27.84. Kinder Morgan has a fifty-two week low of $23.94 and a fifty-two week high of $33.29. The firm has a market cap of $74.14 billion, a PE ratio of 24.30, a P/E/G ratio of 2.70 and a beta of 0.70. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.64 and a quick ratio of 0.50.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings results on Wednesday, January 21st. The pipeline company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.33 billion. Kinder Morgan had a return on equity of 9.02% and a net margin of 18.04%.The business’s revenue was up 13.1% compared to the same quarter last year. During the same period last year, the business posted $0.30 EPS. On average, equities analysts anticipate that Kinder Morgan will post 1.25 earnings per share for the current year.

Insider Buying and Selling at Kinder Morgan

In related news, Director William A. Smith bought 3,000 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were bought at an average price of $29.75 per share, with a total value of $89,250.00. Following the completion of the transaction, the director directly owned 31,087 shares in the company, valued at approximately $924,838.25. This represents a 10.68% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP John W. Schlosser sold 6,166 shares of the company’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $30.09, for a total transaction of $185,534.94. Following the completion of the sale, the vice president owned 195,038 shares of the company’s stock, valued at approximately $5,868,693.42. The trade was a 3.06% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 46,498 shares of company stock valued at $1,382,115. Insiders own 12.73% of the company’s stock.

Hedge Funds Weigh In On Kinder Morgan

A number of hedge funds and other institutional investors have recently made changes to their positions in KMI. LFA Lugano Financial Advisors SA purchased a new stake in shares of Kinder Morgan during the 2nd quarter worth approximately $26,000. Board of the Pension Protection Fund purchased a new stake in Kinder Morgan in the fourth quarter worth $27,000. Commonwealth Retirement Investments LLC bought a new stake in shares of Kinder Morgan in the fourth quarter valued at $27,000. Acumen Wealth Advisors LLC purchased a new position in shares of Kinder Morgan during the 4th quarter valued at $28,000. Finally, Dorato Capital Management bought a new position in shares of Kinder Morgan during the 4th quarter worth $30,000. 62.52% of the stock is owned by hedge funds and other institutional investors.

About Kinder Morgan

Kinder Morgan (NYSE: KMI) is a large energy infrastructure company that owns and operates an extensive network of pipelines and terminals across North America. Its core activities center on the transportation, storage and handling of energy products, including natural gas, natural gas liquids (NGLs), crude oil, refined petroleum products and carbon dioxide. The company’s assets include long-haul and gathering pipelines, storage facilities, and multi-modal terminals that serve producers, refiners, utilities and industrial customers.

Kinder Morgan’s operations deliver midstream services such as pipeline transportation, terminaling, storage and related logistics and maintenance.