Kinder Morgan (NYSE:KMI) Price Target Raised to $36.00 at Morgan Stanley

Kinder Morgan (NYSE:KMI) had its target price boosted by equities research analysts at Morgan Stanley from $24.00 to $36.00 in a research note issued to investors on Thursday. Morgan Stanley’s target price would indicate a potential upside of 18.60% from the stock’s previous close.

Several other brokerages also recently weighed in on KMI. Barclays upped their target price on shares of Kinder Morgan from $27.00 to $31.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Scotiabank initiated 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. Bank of America initiated coverage on shares of Kinder Morgan in a research note on Thursday, October 17th. They set a “buy” rating and a $27.00 price objective on the stock. Truist Financial raised their target price on Kinder Morgan from $25.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday. Finally, Wells Fargo & Company increased their price objective on Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday. Eight investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $28.92.

Kinder Morgan Trading Down 1.4 %

NYSE:KMI traded down $0.43 during trading hours on Thursday, reaching $30.36. 13,191,300 shares of the company were exchanged, compared to its average volume of 14,481,699. Kinder Morgan has a 52-week low of $16.47 and a 52-week high of $31.48. The stock has a 50 day simple moving average of $27.90 and a 200 day simple moving average of $24.32. The firm has a market cap of $67.44 billion, a price-to-earnings ratio of 26.60, a PEG ratio of 4.18 and a beta of 0.94. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.46 and a quick ratio of 0.35.

Kinder Morgan (NYSE:KMI) last issued its earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Kinder Morgan had a return on equity of 7.87% and a net margin of 16.76%. As a group, analysts predict that Kinder Morgan will post 1.18 EPS for the current year.

Insider Buying and Selling at Kinder Morgan

In other news, Director Amy W. Chronis acquired 2,241 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were purchased at an average cost of $24.89 per share, with a total value of $55,778.49. Following the completion of the purchase, the director now owns 23,995 shares of the company’s stock, valued at $597,235.55. This represents a 10.30 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $27.91, for a total value of $502,380.00. Following the completion of the transaction, the president now owns 861,652 shares of the company’s stock, valued at approximately $24,048,707.32. The trade was a 2.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,121 shares of company stock valued at $1,497,000 in the last quarter. Corporate insiders own 12.64% of the company’s stock.

Institutional Investors Weigh In On Kinder Morgan

A number of hedge funds have recently added to or reduced their stakes in the stock. Retirement Wealth Solutions LLC bought a new position in Kinder Morgan in the fourth quarter valued at approximately $25,000. Modus Advisors LLC acquired a new stake in Kinder Morgan during the 4th quarter worth $27,000. Northwest Investment Counselors LLC bought a new position in Kinder Morgan during the third quarter worth about $28,000. HWG Holdings LP acquired a new position in Kinder Morgan in the second quarter valued at about $30,000. Finally, Planning Capital Management Corp increased its holdings in shares of Kinder Morgan by 143.6% in the third quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 797 shares in the last quarter. 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.