Kinder Morgan (NYSE:KMI) Price Target Increased to $30.00 by Analysts at UBS Group

Kinder Morgan (NYSE:KMI) had its price objective lifted by UBS Group from $25.00 to $30.00 in a research report released on Tuesday morning, Benzinga reports. They currently have a buy rating on the pipeline company’s stock.

Several other analysts have also recently weighed in on KMI. Bank of America initiated coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They issued a “buy” rating and a $27.00 price objective on the stock. Barclays boosted their price objective on shares of Kinder Morgan from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Friday, September 13th. Truist Financial boosted their price objective on shares of Kinder Morgan from $22.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday, October 17th. The Goldman Sachs Group reissued a “conviction-buy” rating on shares of Kinder Morgan in a research note on Friday. Finally, JPMorgan Chase & Co. upped their price target on shares of Kinder Morgan from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $24.91.

Kinder Morgan Stock Up 0.3 %

Shares of KMI opened at $24.81 on Tuesday. Kinder Morgan has a one year low of $15.91 and a one year high of $25.43. The company has a market cap of $55.06 billion, a P/E ratio of 22.55, a P/E/G ratio of 3.27 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.37 and a quick ratio of 0.28. The firm has a 50 day simple moving average of $22.27 and a two-hundred day simple moving average of $20.58.

Kinder Morgan (NYSE:KMI) last posted its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $4.05 billion. Kinder Morgan had a return on equity of 7.89% and a net margin of 15.93%. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.25 EPS. Research analysts forecast that Kinder Morgan will post 1.19 EPS for the current fiscal year.

Kinder Morgan Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.2875 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.15 annualized dividend and a dividend yield of 4.64%. Kinder Morgan’s dividend payout ratio is currently 104.55%.

Insider Activity

In other news, President Thomas A. Martin sold 100,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the transaction, the president now owns 916,773 shares in the company, valued at approximately $19,261,400.73. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Dax Sanders sold 1,729 shares of the company’s stock in a transaction dated 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 owns 307,409 shares in the company, valued at approximately $6,455,589. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Thomas A. Martin sold 100,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $21.01, for a total transaction of $2,101,000.00. Following the completion of the sale, the president now owns 916,773 shares in the company, valued at $19,261,400.73. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 126,898 shares of company stock worth $2,666,865. Company insiders own 12.64% of the company’s stock.

Institutional Investors Weigh In On Kinder Morgan

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Kinder Morgan by 15.8% in the 1st quarter. Vanguard Group Inc. now owns 199,888,911 shares of the pipeline company’s stock worth $3,665,963,000 after purchasing an additional 27,254,172 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Kinder Morgan by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 16,904,252 shares of the pipeline company’s stock valued at $335,891,000 after acquiring an additional 257,658 shares during the period. Clearbridge Investments LLC grew its position in shares of Kinder Morgan by 23.6% during the 1st quarter. Clearbridge Investments LLC now owns 11,130,639 shares of the pipeline company’s stock valued at $204,319,000 after acquiring an additional 2,125,648 shares during the period. Energy Income Partners LLC grew its position in shares of Kinder Morgan by 2.6% during the 1st quarter. Energy Income Partners LLC now owns 10,717,452 shares of the pipeline company’s stock valued at $196,558,000 after acquiring an additional 272,648 shares during the period. Finally, Kayne Anderson Capital Advisors LP grew its position in shares of Kinder Morgan by 45.9% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 9,959,947 shares of the pipeline company’s stock valued at $182,665,000 after acquiring an additional 3,135,457 shares during the period. 62.52% of the stock is 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.