Kinder Morgan (NYSE:KMI) Price Target Increased to $27.00 by Analysts at Wells Fargo & Company

Kinder Morgan (NYSE:KMI) had its price target increased by Wells Fargo & Company from $22.00 to $27.00 in a research report report published on Thursday morning, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the pipeline company’s stock.

A number of other brokerages also recently weighed in on KMI. Morgan Stanley upgraded shares of Kinder Morgan from an “underweight” rating to an “equal weight” rating and set a $24.00 price target on the stock in a research report on Monday, September 16th. Royal Bank of Canada lifted their price target on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock a “sector perform” rating in a research report on Wednesday. UBS Group upped their price objective on shares of Kinder Morgan from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Barclays lifted their target price on Kinder Morgan from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, September 13th. Finally, Stifel Nicolaus increased their price target on Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a report on Tuesday, August 27th. Eight investment analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.27.

Kinder Morgan Trading Up 0.5 %

Shares of NYSE KMI opened at $24.95 on Thursday. The company’s 50 day simple moving average is $22.12 and its 200 day simple moving average is $20.48. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.37 and a quick ratio of 0.28. Kinder Morgan has a fifty-two week low of $15.91 and a fifty-two week high of $25.43. The firm has a market capitalization of $55.37 billion, a P/E ratio of 22.68, a P/E/G ratio of 3.27 and a beta of 0.93.

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

Kinder Morgan Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date of this dividend is Thursday, October 31st. Kinder Morgan’s dividend payout ratio is presently 104.55%.

Insiders Place Their Bets

In other news, VP Dax Sanders sold 1,729 shares of Kinder Morgan stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the sale, the vice president now directly owns 307,409 shares in the company, valued at $6,455,589. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Dax Sanders sold 1,729 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $21.00, for a total value of $36,309.00. Following the completion of the transaction, the vice president now owns 307,409 shares of the company’s stock, valued at approximately $6,455,589. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Sital K. Mody sold 25,169 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $21.04, for a total transaction of $529,555.76. The disclosure for this sale can be found here. Insiders sold a total of 148,311 shares of company stock valued at $3,121,891 in the last quarter. 12.64% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Kinder Morgan by 15.8% in the 1st quarter. Vanguard Group Inc. now owns 199,888,911 shares of the pipeline company’s stock valued at $3,665,963,000 after buying an additional 27,254,172 shares during the last quarter. Castle Hook Partners LP raised its position in Kinder Morgan by 108.2% during the first quarter. Castle Hook Partners LP now owns 7,799,826 shares of the pipeline company’s stock worth $143,049,000 after acquiring an additional 4,053,793 shares in the last quarter. Kayne Anderson Capital Advisors LP lifted its stake in Kinder Morgan by 45.9% in the first quarter. Kayne Anderson Capital Advisors LP now owns 9,959,947 shares of the pipeline company’s stock valued at $182,665,000 after acquiring an additional 3,135,457 shares during the last quarter. Duquesne Family Office LLC grew its position in shares of Kinder Morgan by 74.0% in the 2nd quarter. Duquesne Family Office LLC now owns 6,753,165 shares of the pipeline company’s stock valued at $134,185,000 after acquiring an additional 2,872,665 shares during the period. Finally, Clearbridge Investments LLC increased its stake in shares of Kinder Morgan by 23.6% during the 1st quarter. Clearbridge Investments LLC now owns 11,130,639 shares of the pipeline company’s stock worth $204,319,000 after purchasing an additional 2,125,648 shares during the last quarter. 62.52% of the stock is currently owned by institutional investors.

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.