Kinder Morgan (NYSE:KMI) Trading 0.9% Higher – Still a Buy?

Kinder Morgan, Inc. (NYSE:KMI) shares rose 0.9% during mid-day trading on Monday . The stock traded as high as $30.51 and last traded at $30.32. Approximately 15,710,662 shares were traded during mid-day trading, an increase of 56% from the average daily volume of 10,053,223 shares. The stock had previously closed at $30.06.

Analysts Set New Price Targets

Several brokerages recently issued reports on KMI. Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a research note on Friday, October 18th. Scotiabank started coverage on shares of Kinder Morgan in a research report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price target for the company. Truist Financial raised their price objective on shares of Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Barclays boosted their target price 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. Finally, Wells Fargo & Company raised their price target on shares of Kinder Morgan from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus price target of $27.00.

Kinder Morgan Stock Up 2.9 %

The company has a market capitalization of $69.31 billion, a P/E ratio of 27.37, a PEG ratio of 3.97 and a beta of 0.94. The stock has a 50 day moving average price of $27.74 and a 200 day moving average price of $24.20. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis acquired 2,241 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was bought at an average cost of $24.89 per share, with a total value of $55,778.49. Following the acquisition, the director now owns 23,995 shares in the company, valued at approximately $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction 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 sale, the president now directly owns 861,652 shares in the company, valued at $24,048,707.32. The trade was a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,121 shares of company stock worth $1,497,000 over the last three months. 12.81% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kinder Morgan

Several hedge funds have recently made changes to their positions in the stock. Duquesne Family Office LLC grew its holdings in Kinder Morgan by 74.0% during the 2nd quarter. Duquesne Family Office LLC now owns 6,753,165 shares of the pipeline company’s stock valued at $134,185,000 after buying an additional 2,872,665 shares in the last quarter. Barclays PLC grew its stake in Kinder Morgan by 39.9% during the third quarter. Barclays PLC now owns 8,186,207 shares of the pipeline company’s stock valued at $180,833,000 after acquiring an additional 2,334,273 shares in the last quarter. National Bank of Canada FI increased its holdings in Kinder Morgan by 295.5% during the 3rd quarter. National Bank of Canada FI now owns 2,937,055 shares of the pipeline company’s stock worth $64,879,000 after acquiring an additional 2,194,489 shares during the period. International Assets Investment Management LLC lifted its stake in Kinder Morgan by 1,849.7% in the 3rd quarter. International Assets Investment Management LLC now owns 2,164,637 shares of the pipeline company’s stock worth $47,817,000 after purchasing an additional 2,053,612 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in Kinder Morgan by 20.6% in the 2nd quarter. Marshall Wace LLP now owns 7,770,943 shares of the pipeline company’s stock valued at $154,409,000 after purchasing an additional 1,328,082 shares during the period. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

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.