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

Kinder Morgan (NYSE:KMI) had its price target boosted by Wells Fargo & Company from $27.00 to $30.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have an overweight rating on the pipeline company’s stock.

Several other research firms have also issued reports on KMI. The Goldman Sachs Group lifted their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Truist Financial lifted their target price on Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Morgan Stanley set a $26.00 price objective on shares of Kinder Morgan in a research note on Friday, October 18th. Stifel Nicolaus boosted their price target 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, UBS Group raised their price objective on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $26.25.

Kinder Morgan Price Performance

Shares of KMI opened at $26.85 on Wednesday. Kinder Morgan has a 12 month low of $16.47 and a 12 month high of $28.81. The company has a market cap of $59.65 billion, a P/E ratio of 23.55, a PEG ratio of 3.88 and a beta of 0.95. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. The stock has a fifty day moving average price of $26.44 and a 200 day moving average price of $22.91.

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). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the firm posted $0.25 earnings per share. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. On average, research analysts forecast that Kinder Morgan will post 1.18 earnings per share for the current year.

Kinder Morgan Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a $0.2875 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.15 annualized dividend and a yield of 4.28%. Kinder Morgan’s payout ratio is 100.88%.

Insider Activity

In related news, President Thomas A. Martin sold 19,121 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $26.28, for a total value of $502,499.88. Following the completion of the sale, the president now owns 897,652 shares in the company, valued at $23,590,294.56. The trade was a 2.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Amy W. Chronis bought 2,241 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the purchase, the director now owns 23,995 shares of the company’s stock, valued at $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 727,263 shares of company stock valued at $18,075,634 over the last quarter. Company insiders own 12.64% of the company’s stock.

Institutional Trading of Kinder Morgan

Institutional investors have recently added to or reduced their stakes in the business. Northwest Investment Counselors LLC bought a new stake in shares of Kinder Morgan during the 3rd quarter valued at $28,000. Planning Capital Management Corp lifted its stake in shares of Kinder Morgan by 143.6% during the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 797 shares during the last quarter. HM Payson & Co. grew its stake in Kinder Morgan by 401.8% in the 3rd quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock worth $32,000 after acquiring an additional 1,145 shares in the last quarter. Activest Wealth Management grew its holdings in Kinder Morgan by 63.0% during the 3rd quarter. Activest Wealth Management now owns 1,478 shares of the pipeline company’s stock worth $33,000 after acquiring an additional 571 shares in the last quarter. Finally, HWG Holdings LP bought a new position in Kinder Morgan in the second quarter worth approximately $30,000. 62.52% of the stock is currently owned by hedge funds and other institutional investors.

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.