Kinder Morgan (NYSE:KMI) Trading 0.9% Higher – What’s Next?

Kinder Morgan, Inc. (NYSE:KMI) shares were up 0.9% during mid-day trading on Monday . The company traded as high as $30.51 and last traded at $30.32. Approximately 15,710,662 shares traded hands during mid-day trading, an increase of 56% from the average daily volume of 10,053,223 shares. The stock had previously closed at $30.06.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on KMI shares. Scotiabank started coverage on Kinder Morgan in a report on Friday, January 10th. They set a “sector perform” rating and a $26.00 price objective on the stock. Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a report on Friday, October 18th. The Goldman Sachs Group raised their price objective on Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Truist Financial increased their target price on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, October 17th. Finally, Royal Bank of Canada boosted their price objective on Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 22nd. Eight analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $27.00.

Kinder Morgan Stock Up 0.9 %

The stock has a market capitalization of $67.36 billion, a PE ratio of 26.59, a P/E/G ratio of 3.71 and a beta of 0.94. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.46. The stock’s 50-day moving average price is $27.68 and its two-hundred day moving average price is $24.13.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis purchased 2,241 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were bought at an average cost of $24.89 per share, with a total value of $55,778.49. Following the acquisition, the director now owns 23,995 shares in the company, valued at approximately $597,235.55. This trade represents a 10.30 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Thomas A. Martin sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the transaction, the president now owns 861,652 shares of the company’s stock, valued at $24,048,707.32. This represents a 2.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,121 shares of company stock worth $1,497,000. 12.64% of the stock is owned by insiders.

Hedge Funds Weigh In On Kinder Morgan

Institutional investors have recently bought and sold shares of the business. Retirement Wealth Solutions LLC purchased a new stake in Kinder Morgan during the 4th quarter worth approximately $25,000. Modus Advisors LLC purchased a new stake in Kinder Morgan during the 4th quarter valued at about $27,000. Northwest Investment Counselors LLC acquired a new position in shares of Kinder Morgan in the third quarter valued at about $28,000. HWG Holdings LP purchased a new position in shares of Kinder Morgan in the second quarter worth about $30,000. Finally, Planning Capital Management Corp lifted its holdings in shares of Kinder Morgan by 143.6% during the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 797 shares during the period. 62.52% of the stock is owned by hedge funds and other institutional investors.

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.