Kinder Morgan (NYSE:KMI) Trading Up 0% on Analyst Upgrade

Kinder Morgan, Inc. (NYSE:KMI)’s stock price shot up 0% during trading on Wednesday after Citigroup raised their price target on the stock from $25.00 to $28.00. Citigroup currently has a neutral rating on the stock. Kinder Morgan traded as high as $27.98 and last traded at $27.47. 4,105,047 shares changed hands during trading, a decline of 75% from the average session volume of 16,108,592 shares. The stock had previously closed at $27.46.

Other equities analysts have also issued research reports about the company. Barclays boosted their price objective on Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Royal Bank of Canada increased their price objective 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. Wells Fargo & Company upped their target price on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Truist Financial raised their price target on shares of Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Finally, Morgan Stanley increased their price objective on Kinder Morgan from $24.00 to $36.00 in a research report on Thursday, January 23rd. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Kinder Morgan currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.14.

Insider Transactions at Kinder Morgan

In other news, President Thomas A. Martin sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $27.34, for a total transaction of $492,120.00. Following the sale, the president now owns 879,652 shares in the company, valued at $24,049,685.68. This represents a 2.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Amy W. Chronis bought 2,241 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were purchased at an average price of $24.89 per share, for a total transaction of $55,778.49. Following the completion of the acquisition, the director now owns 23,995 shares of the company’s stock, valued at $597,235.55. The trade was a 10.30 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 55,121 shares of company stock valued at $1,497,000 over the last quarter. Corporate insiders own 12.64% of the company’s stock.

Institutional Investors Weigh In On Kinder Morgan

A number of institutional investors and hedge funds have recently modified their holdings of KMI. Retirement Wealth Solutions LLC acquired a new position in shares of Kinder Morgan in the fourth quarter valued at $25,000. Modus Advisors LLC bought a new position in shares of Kinder Morgan during the fourth quarter worth approximately $27,000. Northwest Investment Counselors LLC acquired a new stake in Kinder Morgan during the 3rd quarter worth approximately $28,000. Heck Capital Advisors LLC bought a new stake in Kinder Morgan in the 4th quarter valued at $29,000. Finally, Planning Capital Management Corp increased its position 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 worth $30,000 after buying an additional 797 shares during the period. 62.52% of the stock is owned by institutional investors.

Kinder Morgan Stock Up 2.8 %

The stock has a fifty day moving average price of $28.00 and a two-hundred day moving average price of $24.62. The company has a market cap of $62.37 billion, a price-to-earnings ratio of 24.00, a P/E/G ratio of 4.13 and a beta of 0.94. 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 issued its quarterly earnings data on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a return on equity of 8.10% and a net margin of 17.31%. As a group, sell-side analysts expect that Kinder Morgan, Inc. will post 1.27 EPS for the current year.

Kinder Morgan Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Monday, February 3rd will be given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $1.15 annualized dividend and a yield of 4.10%. Kinder Morgan’s dividend payout ratio is 98.29%.

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.