Barclays Issues Positive Forecast for Kinder Morgan (NYSE:KMI) Stock Price

Kinder Morgan (NYSE:KMI) had its price target hoisted by analysts at Barclays from $27.00 to $31.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the pipeline company’s stock. Barclays‘s price objective indicates a potential upside of 2.25% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. The Goldman Sachs Group upped their price objective on shares of Kinder Morgan from $26.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. UBS Group raised their price target on shares of Kinder Morgan from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Scotiabank started coverage on Kinder Morgan in a report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price objective on the stock. Bank of America began coverage on Kinder Morgan in a research note on Thursday, October 17th. They set a “buy” rating and a $27.00 target price for the company. Finally, Truist Financial upped their price target on Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Kinder Morgan has a consensus rating of “Moderate Buy” and an average price target of $27.00.

Kinder Morgan Stock Up 0.9 %

KMI stock opened at $30.32 on Thursday. Kinder Morgan has a 52 week low of $16.47 and a 52 week high of $30.51. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 0.95. The firm has a 50-day simple moving average of $27.61 and a 200-day simple moving average of $23.99. The stock has a market capitalization of $67.36 billion, a P/E ratio of 26.59, a P/E/G ratio of 3.71 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.02). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the firm posted $0.25 earnings per share. The business’s revenue was down 5.3% compared to the same quarter last year. Equities analysts forecast that Kinder Morgan will post 1.17 earnings per share for the current fiscal year.

Insider Activity

In other news, President Thomas A. Martin sold 19,121 shares of the business’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 completion of the sale, the president now directly owns 897,652 shares of the company’s stock, valued at $23,590,294.56. The trade was a 2.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director C Park Shaper sold 690,142 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $24.75, for a total value of $17,081,014.50. Following the sale, the director now directly owns 6,809,858 shares of the company’s stock, valued at approximately $168,543,985.50. This trade represents a 9.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 745,263 shares of company stock valued at $18,578,014 over the last 90 days. Insiders own 12.81% of the company’s stock.

Institutional Trading of Kinder Morgan

A number of hedge funds have recently made changes to their positions in the company. Retirement Wealth Solutions LLC purchased a new position in Kinder Morgan in the 4th quarter valued at about $25,000. Modus Advisors LLC acquired a new position in shares of Kinder Morgan in the fourth quarter worth about $27,000. Northwest Investment Counselors LLC purchased a new position in Kinder Morgan in the third quarter valued at about $28,000. Planning Capital Management Corp grew its stake in Kinder Morgan by 143.6% during the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 797 shares in the last quarter. Finally, HM Payson & Co. increased its holdings in Kinder Morgan by 401.8% during the 3rd quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock worth $32,000 after purchasing an additional 1,145 shares during the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

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.