Kinder Morgan (NYSE:KMI) Price Target Raised to $36.00

Kinder Morgan (NYSE:KMI) had its price objective upped by Morgan Stanley from $24.00 to $36.00 in a report issued on Thursday morning.

A number of other equities research analysts also recently weighed in on KMI. Barclays boosted their price objective on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Wells Fargo & Company increased their price target on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday. Royal Bank of Canada boosted their price objective on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. Truist Financial upped their price objective on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, The Goldman Sachs Group raised their target price on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Eight research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $28.92.

Kinder Morgan Trading Down 0.8 %

NYSE:KMI opened at $30.23 on Thursday. Kinder Morgan has a 52 week low of $16.47 and a 52 week high of $31.48. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The company has a market cap of $67.16 billion, a PE ratio of 25.84, a P/E/G ratio of 4.13 and a beta of 0.94. The business’s 50 day moving average is $28.03 and its two-hundred day moving average is $24.44.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.10% and a net margin of 17.31%. On average, analysts predict that Kinder Morgan will post 1.27 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be issued a dividend of $0.2875 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 3.80%. Kinder Morgan’s payout ratio is 98.29%.

Insider Buying and Selling at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total transaction of $502,380.00. Following the completion of the transaction, the president now owns 861,652 shares in the company, valued at approximately $24,048,707.32. This trade represents a 2.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Amy W. Chronis bought 2,241 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was 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 in the company, valued at approximately $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 55,121 shares of company stock valued at $1,497,000. 12.64% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KMI. CX Institutional grew its holdings in shares of Kinder Morgan by 2.3% in the 4th quarter. CX Institutional now owns 15,661 shares of the pipeline company’s stock worth $429,000 after acquiring an additional 354 shares during the last quarter. Sunflower Bank N.A. increased its stake in Kinder Morgan by 3.6% in the 4th quarter. Sunflower Bank N.A. now owns 10,503 shares of the pipeline company’s stock worth $288,000 after purchasing an additional 367 shares in the last quarter. Ignite Planners LLC raised its holdings in Kinder Morgan by 3.9% during the 4th quarter. Ignite Planners LLC now owns 9,992 shares of the pipeline company’s stock worth $282,000 after buying an additional 372 shares during the period. Eagle Bay Advisors LLC lifted its stake in Kinder Morgan by 8.0% during the fourth quarter. Eagle Bay Advisors LLC now owns 5,182 shares of the pipeline company’s stock valued at $142,000 after buying an additional 385 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its holdings in shares of Kinder Morgan by 0.5% in the third quarter. Sunbelt Securities Inc. now owns 90,560 shares of the pipeline company’s stock worth $2,000,000 after buying an additional 414 shares during the period. Institutional investors and hedge funds 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.