Kinder Morgan (NYSE:KMI) Price Target Raised to $29.00

Kinder Morgan (NYSE:KMI) had its price objective raised by The Goldman Sachs Group from $26.00 to $29.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a buy rating on the pipeline company’s stock.

KMI has been the subject of several other research reports. UBS Group raised their target price on Kinder Morgan from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Bank of America started coverage on Kinder Morgan in a research note on Thursday, October 17th. They set a “buy” rating and a $27.00 target price on the stock. Barclays increased their price target on shares of Kinder Morgan from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Morgan Stanley set a $26.00 price objective on shares of Kinder Morgan in a research report on Friday, October 18th. Finally, Stifel Nicolaus increased their target price on shares of Kinder Morgan from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, August 27th. Eight analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned 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 $25.67.

Kinder Morgan Trading Down 0.1 %

NYSE:KMI opened at $28.07 on Tuesday. The stock has a fifty day simple moving average of $25.08 and a 200 day simple moving average of $22.05. The firm has a market capitalization of $62.36 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 4.01 and a beta of 0.91. Kinder Morgan has a 1-year low of $16.47 and a 1-year high of $28.81. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95.

Kinder Morgan (NYSE:KMI) last announced its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 EPS 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 return on equity of 7.87% and a net margin of 16.76%. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.25 earnings per share. Sell-side analysts forecast that Kinder Morgan will post 1.18 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The business 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 was Thursday, October 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.10%. Kinder Morgan’s dividend payout ratio is currently 100.88%.

Insider Transactions at Kinder Morgan

In other news, Director Amy W. Chronis bought 2,241 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was purchased at an average price of $24.89 per share, with a total value of $55,778.49. Following the transaction, the director now directly owns 23,995 shares in the company, valued at approximately $597,235.55. The trade was a 10.30 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Thomas A. Martin sold 19,121 shares of the company’s stock in a transaction dated 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 trade represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.81% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kinder Morgan

Several large investors have recently made changes to their positions in the business. Northwest Investment Counselors LLC bought a new stake in shares of Kinder Morgan in the third quarter valued at approximately $28,000. Pathway Financial Advisers LLC acquired a new position in Kinder Morgan during the 1st quarter valued at $30,000. HWG Holdings LP acquired a new stake in Kinder Morgan in the 2nd quarter worth $30,000. Planning Capital Management Corp increased its holdings in shares of Kinder Morgan by 143.6% during the 3rd 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. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Kinder Morgan during the second quarter valued at about $31,000. Institutional investors and hedge funds 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.