UBS Group Increases Kinder Morgan (NYSE:KMI) Price Target to $38.00

Kinder Morgan (NYSE:KMIGet Free Report) had its target price lifted by UBS Group from $34.00 to $38.00 in a report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the pipeline company’s stock. UBS Group’s price objective would suggest a potential upside of 38.31% from the stock’s current price.

Several other equities research analysts also recently weighed in on the company. Scotiabank started coverage on Kinder Morgan in a report on Friday, January 10th. They issued a “sector perform” rating and a $26.00 price target for the company. Barclays boosted their target price on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. Royal Bank of Canada raised their price target 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. Morgan Stanley raised their target price on Kinder Morgan from $24.00 to $36.00 in a research note on Thursday, January 23rd. Finally, Truist Financial raised their price objective on Kinder Morgan from $25.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $29.23.

Get Our Latest Analysis on Kinder Morgan

Kinder Morgan Stock Performance

Shares of Kinder Morgan stock opened at $27.48 on Monday. Kinder Morgan has a one year low of $16.47 and a one year high of $31.48. The company has a market capitalization of $61.04 billion, a PE 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 quick ratio of 0.35 and a current ratio of 0.46. The company has a 50-day simple moving average of $28.02 and a two-hundred day simple moving average of $24.55.

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

Insider Activity at Kinder Morgan

In other Kinder Morgan news, Director Amy W. Chronis bought 2,241 shares of Kinder Morgan stock in a transaction on Tuesday, November 5th. The shares were bought at an average cost of $24.89 per share, for a total transaction of $55,778.49. Following the acquisition, the director now directly owns 23,995 shares in the company, valued at $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $27.91, for a total value of $502,380.00. Following the transaction, the president now directly owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. This represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,121 shares of company stock worth $1,497,000 in the last three months. 12.64% of the stock is owned by company insiders.

Institutional Investors Weigh In On Kinder Morgan

Several institutional investors have recently added to or reduced their stakes in the business. Retirement Wealth Solutions LLC purchased a new stake in shares of Kinder Morgan during the 4th quarter worth approximately $25,000. Modus Advisors LLC acquired a new stake in Kinder Morgan during the 4th quarter worth $27,000. Heck Capital Advisors LLC purchased a new stake in Kinder Morgan in the fourth quarter valued at $29,000. Northwest Investment Counselors LLC purchased a new position in shares of Kinder Morgan during the third quarter worth about $28,000. Finally, Planning Capital Management Corp increased its position in shares of Kinder Morgan by 143.6% during the third 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 in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.

About Kinder Morgan

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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.

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Analyst Recommendations for Kinder Morgan (NYSE:KMI)

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