Kinder Morgan (NYSE:KMI) Given New $33.00 Price Target at UBS Group

Kinder Morgan (NYSE:KMI) had its price target hoisted by analysts at UBS Group from $30.00 to $33.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the pipeline company’s stock. UBS Group’s target price suggests a potential upside of 21.01% from the stock’s previous close.

KMI has been the subject of a number of other reports. Stifel Nicolaus lifted their price target on shares of Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a research note on Tuesday, August 27th. Barclays boosted their target price on shares of Kinder Morgan from $22.00 to $24.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Morgan Stanley set a $26.00 price target on Kinder Morgan in a research note on Friday, October 18th. Wells Fargo & Company upped their price objective on Kinder Morgan from $22.00 to $27.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Finally, Argus raised Kinder Morgan from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Friday, July 19th. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Kinder Morgan currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.36.

Kinder Morgan Price Performance

Shares of NYSE KMI opened at $27.27 on Friday. The company has a 50 day moving average of $23.84 and a 200 day moving average of $21.46. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. Kinder Morgan has a twelve month low of $16.47 and a twelve month high of $27.58. The firm has a market cap of $60.58 billion, a P/E ratio of 23.92, a PEG ratio of 3.69 and a beta of 0.91.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.02). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the prior year, the firm earned $0.25 EPS. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. As a group, research analysts expect that Kinder Morgan will post 1.18 EPS for the current fiscal year.

Insider Transactions at Kinder Morgan

In other news, Director C Park Shaper sold 690,142 shares of the company’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $24.75, for a total value of $17,081,014.50. Following the sale, the director now directly owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. This represents a 9.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amy W. Chronis purchased 2,241 shares of the stock in a transaction on Tuesday, November 5th. The stock was acquired at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the acquisition, the director now owns 23,995 shares of the company’s stock, valued at $597,235.55. The trade was a 10.30 % increase in their position. The disclosure for this purchase can be found here. Insiders own 12.64% of the company’s stock.

Institutional Trading of Kinder Morgan

Several institutional investors have recently bought and sold shares of KMI. Global Retirement Partners LLC grew its holdings in shares of Kinder Morgan by 3.5% during the third quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company’s stock worth $504,000 after buying an additional 776 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in Kinder Morgan by 0.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,591,311 shares of the pipeline company’s stock worth $101,422,000 after acquiring an additional 29,861 shares during the last quarter. Czech National Bank grew its stake in Kinder Morgan by 6.9% during the 3rd quarter. Czech National Bank now owns 393,351 shares of the pipeline company’s stock valued at $8,689,000 after acquiring an additional 25,406 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Kinder Morgan by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,291,704 shares of the pipeline company’s stock valued at $50,624,000 after acquiring an additional 71,984 shares during the last quarter. Finally, Valley National Advisers Inc. lifted its stake in Kinder Morgan by 1,512.7% in the 3rd quarter. Valley National Advisers Inc. now owns 88,583 shares of the pipeline company’s stock worth $1,956,000 after purchasing an additional 83,090 shares in the last quarter. 62.52% of the stock is owned by institutional investors and hedge funds.

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.