Kinder Morgan (NYSE:KMI) Price Target Raised to $26.00

Kinder Morgan (NYSE:KMI) had its target price raised by analysts at Royal Bank of Canada from $24.00 to $26.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has a “sector perform” rating on the pipeline company’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 5.01% from the stock’s current price.

A number of other analysts also recently issued reports on the stock. Barclays increased their target price on shares of Kinder Morgan from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday, September 13th. Truist Financial increased their price objective 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. JPMorgan Chase & Co. increased their price objective 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. The Goldman Sachs Group reiterated a “conviction-buy” rating on shares of Kinder Morgan in a research note on Friday, October 18th. Finally, Wells Fargo & Company raised their price objective on Kinder Morgan from $22.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Kinder Morgan currently has an average rating of “Moderate Buy” and a consensus price target of $24.91.

Kinder Morgan Trading Down 0.2 %

NYSE KMI opened at $24.76 on Tuesday. Kinder Morgan has a 12 month low of $15.91 and a 12 month high of $25.43. The company has a 50-day moving average of $22.35 and a 200-day moving average of $20.61. 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 company has a market cap of $54.95 billion, a P/E ratio of 22.51, a P/E/G ratio of 3.27 and a beta of 0.93.

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

Insider Activity at Kinder Morgan

In related news, Director C Park Shaper sold 690,142 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $24.75, for a total value of $17,081,014.50. Following the completion of the transaction, the director now owns 6,809,858 shares in the company, valued at $168,543,985.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Kinder Morgan news, President Thomas A. Martin sold 100,000 shares of the firm’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 directly owns 916,773 shares in the company, valued at approximately $19,261,400.73. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director C Park Shaper sold 690,142 shares of the firm’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $24.75, for a total value of $17,081,014.50. Following the sale, the director now owns 6,809,858 shares of the company’s stock, valued at $168,543,985.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 817,040 shares of company stock worth $19,747,879 in the last quarter. 12.64% of the stock is owned by company insiders.

Institutional Investors Weigh In On Kinder Morgan

Institutional investors have recently bought and sold shares of the business. Northwest Investment Counselors LLC acquired a new stake in Kinder Morgan during the 3rd quarter worth about $28,000. Pathway Financial Advisers LLC acquired a new stake in shares of Kinder Morgan during the 1st quarter valued at about $30,000. HWG Holdings LP acquired a new stake in shares of Kinder Morgan during the 2nd quarter valued at about $30,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Kinder Morgan during the 1st quarter valued at about $31,000. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Kinder Morgan during the 2nd quarter valued at about $31,000. 62.52% of the stock is currently owned by institutional investors and hedge funds.

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.