Kinder Morgan (NYSE:KMI) Shares Up 0.6% Following Analyst Upgrade

Kinder Morgan, Inc. (NYSE:KMI)’s share price shot up 0.6% on Thursday after Barclays raised their price target on the stock from $27.00 to $31.00. Barclays currently has an equal weight rating on the stock. Kinder Morgan traded as high as $29.64 and last traded at $29.63. 3,218,517 shares were traded during trading, a decline of 71% from the average session volume of 11,230,540 shares. The stock had previously closed at $29.44.

Several other research firms have also issued reports on KMI. UBS Group lifted their target price on shares of Kinder Morgan from $33.00 to $34.00 and gave the company a “buy” rating in a report on Friday, December 6th. Morgan Stanley set a $26.00 target price on shares of Kinder Morgan in a report on Friday, October 18th. The Goldman Sachs Group lifted their target price 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. Royal Bank of Canada lifted their target price on shares of Kinder Morgan from $24.00 to $26.00 and gave the company a “sector perform” rating in a report on Tuesday, October 22nd. Finally, Truist Financial lifted their target price on shares of Kinder Morgan from $22.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, October 17th. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.00.

Insider Buying and Selling at Kinder Morgan

In other Kinder Morgan news, Director C Park Shaper sold 690,142 shares of the business’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $24.75, for a total transaction of $17,081,014.50. Following the completion of the sale, the director now directly owns 6,809,858 shares in the company, valued at approximately $168,543,985.50. The trade was a 9.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the president now directly owns 897,652 shares of the company’s stock, valued at approximately $23,590,294.56. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 745,263 shares of company stock worth $18,578,014. Insiders own 12.64% of the company’s stock.

Institutional Investors Weigh In On Kinder Morgan

Hedge funds have recently modified their holdings of the business. Retirement Wealth Solutions LLC bought a new stake in shares of Kinder Morgan during the 4th quarter valued at $25,000. Modus Advisors LLC bought a new stake in shares of Kinder Morgan during the 4th quarter valued at $27,000. Northwest Investment Counselors LLC bought a new stake in shares of Kinder Morgan during the 3rd quarter valued at $28,000. Planning Capital Management Corp grew its position 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 valued at $30,000 after acquiring an additional 797 shares during the period. Finally, HM Payson & Co. grew its position in shares of Kinder Morgan by 401.8% during the 3rd quarter. HM Payson & Co. now owns 1,430 shares of the pipeline company’s stock valued at $32,000 after acquiring an additional 1,145 shares during the period. Institutional investors own 62.52% of the company’s stock.

Kinder Morgan Price Performance

The company has a market cap of $66.67 billion, a P/E ratio of 26.32, 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 firm’s fifty day moving average is $27.54 and its two-hundred day moving average is $23.95.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, October 16th. The pipeline company reported $0.25 earnings per share 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 the consensus estimate of $4.05 billion. Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. The company’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.25 EPS. As a group, analysts anticipate that Kinder Morgan, Inc. will post 1.17 earnings per share for the current fiscal year.

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.