Kinder Morgan (NYSE:KMI) Price Target Raised to $30.00

Kinder Morgan (NYSE:KMI) had its price target increased by UBS Group from $25.00 to $30.00 in a research report report published on Tuesday, Benzinga reports. UBS Group currently has a buy rating on the pipeline company’s stock.

A number of other analysts have also issued reports on KMI. Morgan Stanley set a $26.00 price target on shares of Kinder Morgan in a research note on Friday, October 18th. Truist Financial increased their target price on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. boosted their price target on shares of Kinder Morgan from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. Stifel Nicolaus increased their price objective on Kinder Morgan from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, August 27th. Finally, Bank of America initiated coverage on Kinder Morgan in a report on Thursday, October 17th. They set a “buy” rating and a $27.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $24.91.

Kinder Morgan Stock Performance

Shares of KMI stock opened at $24.96 on Tuesday. Kinder Morgan has a one year low of $15.91 and a one year high of $25.43. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.28 and a current ratio of 0.46. The firm’s 50 day moving average price is $22.42 and its 200-day moving average price is $20.64. The firm has a market cap of $55.45 billion, a P/E ratio of 21.89, a P/E/G ratio of 3.06 and a beta of 0.93.

Kinder Morgan (NYSE:KMI) last released its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 7.87% and a net margin of 16.76%. The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter last year, the company earned $0.25 earnings per share. As a group, equities research analysts predict that Kinder Morgan will post 1.19 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date of this dividend is Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is currently 100.88%.

Insider Buying and Selling

In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of Kinder Morgan stock in a transaction that occurred on 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 transaction, the director now owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Kinder Morgan news, VP Dax Sanders sold 1,729 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total transaction of $36,309.00. Following the transaction, the vice president now directly owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director C Park Shaper sold 690,142 shares of the company’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the completion of the sale, the director now directly owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 817,040 shares of company stock worth $19,747,879 in the last quarter. 12.64% of the stock is owned by insiders.

Hedge Funds Weigh In On Kinder Morgan

Institutional investors have recently added to or reduced their stakes in the stock. Northwest Investment Counselors LLC purchased a new position in shares of Kinder Morgan in the 3rd quarter valued at approximately $28,000. Pathway Financial Advisers LLC purchased a new position in Kinder Morgan in the 1st quarter valued at $30,000. HWG Holdings LP acquired a new position in Kinder Morgan in the 2nd quarter valued at $30,000. Redmont Wealth Advisors LLC purchased a new position in Kinder Morgan during the 1st quarter worth $31,000. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Kinder Morgan in the 2nd quarter worth $31,000. Institutional investors and hedge funds own 62.52% of the company’s stock.

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.