Kinder Morgan (NYSE:KMI) Given New $27.00 Price Target at Barclays

Kinder Morgan (NYSE:KMI) had its price target raised by Barclays from $24.00 to $27.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an equal weight rating on the pipeline company’s stock.

Other equities research analysts have also recently issued research reports about the company. The Goldman Sachs Group raised their target price on Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Truist Financial boosted their price objective on shares of Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, October 17th. Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a research note on Friday, October 18th. Royal Bank of Canada boosted their price target on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company increased 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. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Kinder Morgan presently has an average rating of “Moderate Buy” and an average target price of $26.00.

Kinder Morgan Trading Up 0.2 %

Shares of KMI stock opened at $26.62 on Tuesday. 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 has a twelve month low of $16.47 and a twelve month high of $28.81. The company’s 50-day moving average price is $26.29 and its 200-day moving average price is $22.81. The stock has a market cap of $59.14 billion, a price-to-earnings ratio of 23.35, a PEG ratio of 3.88 and a beta of 0.95.

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 the consensus estimate of $0.27 by ($0.02). The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $4.05 billion. Kinder Morgan had a net margin of 16.76% and a return on equity of 7.87%. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 earnings per share. As a group, equities analysts predict that Kinder Morgan will post 1.18 earnings per share for the current year.

Kinder Morgan Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a $0.2875 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.15 annualized dividend and a yield of 4.32%. Kinder Morgan’s dividend payout ratio is presently 100.88%.

Insider Transactions at Kinder Morgan

In other news, Director C Park Shaper sold 690,142 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 6,809,858 shares of the company’s stock, valued at approximately $168,543,985.50. The trade was a 9.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Thomas A. Martin sold 19,121 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $26.28, for a total transaction of $502,499.88. Following the completion of the sale, the president now directly owns 897,652 shares in the company, valued at approximately $23,590,294.56. This trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 727,263 shares of company stock valued at $18,075,634. 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 business. Retirement Systems of Alabama lifted its position in shares of Kinder Morgan by 295.2% during the 3rd quarter. Retirement Systems of Alabama now owns 1,683,356 shares of the pipeline company’s stock worth $37,185,000 after buying an additional 1,257,428 shares during the last quarter. Old North State Trust LLC lifted its position in Kinder Morgan by 6.2% in the third quarter. Old North State Trust LLC now owns 22,143 shares of the pipeline company’s stock valued at $489,000 after acquiring an additional 1,300 shares during the last quarter. Franklin Resources Inc. boosted its stake in Kinder Morgan by 44.0% in the third quarter. Franklin Resources Inc. now owns 1,142,956 shares of the pipeline company’s stock valued at $25,248,000 after acquiring an additional 349,158 shares in the last quarter. Peapack Gladstone Financial Corp grew its holdings in shares of Kinder Morgan by 2.7% during the third quarter. Peapack Gladstone Financial Corp now owns 180,272 shares of the pipeline company’s stock worth $3,982,000 after purchasing an additional 4,717 shares during the last quarter. Finally, Synovus Financial Corp increased its position in shares of Kinder Morgan by 1.7% during the third quarter. Synovus Financial Corp now owns 103,618 shares of the pipeline company’s stock worth $2,289,000 after purchasing an additional 1,769 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

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.