UBS Group Boosts Kinder Morgan (NYSE:KMI) Price Target to $38.00

Kinder Morgan (NYSE:KMI) had its target price hoisted by research analysts at UBS Group from $34.00 to $38.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the pipeline company’s stock. UBS Group’s price target suggests a potential upside of 37.02% from the stock’s current price.

KMI has been the subject of several other research reports. Mizuho upped their price objective on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday. Barclays upped their price objective 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. Wells Fargo & Company increased their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday. The Goldman Sachs Group increased their target price on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Truist Financial increased their target price on shares of Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday. Eight investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $29.23.

Kinder Morgan Stock Performance

Shares of NYSE:KMI traded down $2.54 on Monday, hitting $27.73. The company had a trading volume of 8,749,076 shares, compared to its average volume of 14,433,976. Kinder Morgan has a 1-year low of $16.47 and a 1-year high of $31.48. The stock has a market cap of $61.61 billion, a price-to-earnings ratio of 23.70, a P/E/G ratio of 4.13 and a beta of 0.94. The stock has a 50 day moving average price of $28.03 and a 200 day moving average price of $24.50. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95.

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

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 that occurred 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 completion of the sale, the president now owns 861,652 shares of the company’s stock, valued at $24,048,707.32. This trade represents a 2.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Amy W. Chronis acquired 2,241 shares of Kinder Morgan stock in a transaction dated Tuesday, November 5th. The shares were bought at an average cost of $24.89 per share, with a total value of $55,778.49. Following the transaction, the director now owns 23,995 shares in the company, valued at approximately $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. In the last 90 days, insiders sold 55,121 shares of company stock valued at $1,497,000. 12.64% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kinder Morgan

Large investors have recently bought and sold shares of the stock. Retirement Wealth Solutions LLC bought a new position in Kinder Morgan during the 4th quarter valued at $25,000. Modus Advisors LLC purchased a new stake in Kinder Morgan in the 4th quarter worth about $27,000. Northwest Investment Counselors LLC purchased a new stake in Kinder Morgan in the 3rd quarter worth about $28,000. Heck Capital Advisors LLC purchased a new stake in Kinder Morgan in the 4th quarter worth about $29,000. Finally, HWG Holdings LP purchased a new stake in Kinder Morgan in the 2nd quarter worth about $30,000. 62.52% of the stock is currently owned by 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.