Kinder Morgan (NYSE:KMI) Price Target Raised to $34.00

Kinder Morgan (NYSE:KMI) had its price objective lifted by UBS Group from $33.00 to $34.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a buy rating on the pipeline company’s stock.

A number of other equities research analysts have also recently weighed in on the company. Stifel Nicolaus upped their price objective on Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a research note on Tuesday, August 27th. Bank of America initiated coverage on shares of Kinder Morgan in a research report on Thursday, October 17th. They set a “buy” rating and a $27.00 price target for the company. Wells Fargo & Company lifted their price objective on shares of Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Truist Financial increased their target price on shares of Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. Finally, Barclays lifted their price target on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $25.75.

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $27.77 on Friday. Kinder Morgan has a 12 month low of $16.47 and a 12 month high of $28.81. The stock’s fifty day moving average price is $25.77 and its 200-day moving average price is $22.43. The firm has a market cap of $61.69 billion, a P/E ratio of 24.36, a P/E/G ratio of 3.94 and a beta of 0.95. 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 announced 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). The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. Kinder Morgan’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 EPS. On average, equities research analysts expect that Kinder Morgan will post 1.18 earnings per share for the current fiscal year.

Kinder Morgan Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend was Thursday, October 31st. Kinder Morgan’s dividend payout ratio (DPR) is 100.88%.

Insider Buying and Selling

In related news, Director Amy W. Chronis purchased 2,241 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was bought at an average cost of $24.89 per share, with a total value 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director C Park Shaper sold 690,142 shares of the firm’s 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 sale, the director now directly owns 6,809,858 shares in the company, valued at $168,543,985.50. The trade was a 9.20 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 727,263 shares of company stock worth $18,075,634. 12.64% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kinder Morgan

A number of hedge funds have recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. lifted its holdings 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 valued at $101,422,000 after purchasing an additional 29,861 shares in the last quarter. Global Retirement Partners LLC raised its position in shares of Kinder Morgan by 3.5% during the 3rd quarter. Global Retirement Partners LLC now owns 22,813 shares of the pipeline company’s stock worth $504,000 after purchasing an additional 776 shares during the last quarter. Principal Financial Group Inc. lifted its stake 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 buying an additional 71,984 shares in the last quarter. Czech National Bank boosted its holdings in Kinder Morgan by 6.9% in the 3rd quarter. Czech National Bank now owns 393,351 shares of the pipeline company’s stock worth $8,689,000 after buying an additional 25,406 shares during the last quarter. Finally, Valley National Advisers Inc. increased its stake in Kinder Morgan by 1,512.7% during the 3rd quarter. Valley National Advisers Inc. now owns 88,583 shares of the pipeline company’s stock worth $1,956,000 after buying an additional 83,090 shares in the last quarter. Hedge funds and other institutional investors 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.