Kinder Morgan (NYSE:KMI) Price Target Raised to $28.00

Kinder Morgan (NYSE:KMI) had its target price upped by investment analysts at Citigroup from $25.00 to $28.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the pipeline company’s stock. Citigroup’s price objective would indicate a potential upside of 1.91% from the stock’s current price.

Several other brokerages have also recently issued reports on KMI. Royal Bank of Canada raised their target price on shares of Kinder Morgan from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 22nd. UBS Group boosted their target price on shares of Kinder Morgan from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Monday. Wells Fargo & Company increased their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Morgan Stanley boosted their price objective on shares of Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Finally, 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 report on Tuesday, November 26th. Nine research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $29.14.

Kinder Morgan Stock Up 0.1 %

KMI stock opened at $27.48 on Wednesday. The stock has a market capitalization of $61.04 billion, a P/E ratio of 23.48, a P/E/G ratio of 4.13 and a beta of 0.94. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35. Kinder Morgan has a 1-year low of $16.47 and a 1-year high of $31.48. The business has a fifty day moving average price of $28.01 and a 200-day moving average price of $24.60.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.10% and a net margin of 17.31%. Equities analysts forecast that Kinder Morgan will post 1.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, President Thomas A. Martin sold 19,121 shares of the company’s stock in a transaction 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 sale, the president now owns 897,652 shares of the company’s stock, valued at $23,590,294.56. This represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Amy W. Chronis acquired 2,241 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was acquired at an average cost of $24.89 per share, with a total value of $55,778.49. Following the completion of the purchase, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 55,121 shares of company stock worth $1,497,000 in the last 90 days. 12.81% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC lifted its stake in shares of Kinder Morgan by 11.2% in the 2nd quarter. AQR Capital Management LLC now owns 457,238 shares of the pipeline company’s stock valued at $9,040,000 after purchasing an additional 45,917 shares during the last quarter. Creative Planning lifted its position in Kinder Morgan by 16.4% in the second quarter. Creative Planning now owns 391,908 shares of the pipeline company’s stock worth $7,787,000 after buying an additional 55,207 shares during the last quarter. NewEdge Advisors LLC boosted its stake in Kinder Morgan by 30.7% during the second quarter. NewEdge Advisors LLC now owns 291,085 shares of the pipeline company’s stock worth $5,784,000 after buying an additional 68,308 shares during the period. Quarry LP bought a new position in Kinder Morgan during the second quarter valued at $52,000. Finally, EP Wealth Advisors LLC raised its stake in shares of Kinder Morgan by 32.3% in the second quarter. EP Wealth Advisors LLC now owns 104,001 shares of the pipeline company’s stock valued at $2,066,000 after acquiring an additional 25,409 shares during the period. 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.